Shares of The Second Cup Ltd (TSE:SCU) last traded at 1.9, representing a move of 1.06%, or 0.02 per share, on volume of 1,900 shares. After opening the trading day at 1.9, shares of The Second Cup Ltd traded in a close range. The Second Cup Ltd currently has a total float of 19.88M shares and on average sees 6,584 shares exchange hands each day. The stock now has a 52-week low of 1.69 and high of 3.55.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.
With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. The Second Cup Ltd is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As The Second Cup Ltd is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect The Second Cup Ltd.

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

More notable recent The Second Cup Ltd (TSE:SCU) news were published by: Profitconfidential.com which released: “Marijuana News Today: Popular Coffee Shop Chain Looks to Pivot Toward Pot – Profit Confidential” on August 16, 2018, also Midasletter.com with their article: “The Second Cup Ltd Moves On Tim Horton’s By Diversifying Into Cannabis Dispensaries – Midas Letter” published on April 12, 2018, Profitconfidential.com published: “Marijuana Dispensary Stocks: Tracking the Top Stocks in the Pot Retail Market – Profit Confidential” on September 06, 2018. More interesting news about The Second Cup Ltd (TSE:SCU) were released by: Profitconfidential.com and their article: “Cheap Marijuana Stocks to Consider in the Face of Market Volatility – Profit Confidential” published on June 05, 2018 as well as ‘s news article titled: “Raytheon (RTN) Stock Sinks As Market Gains: What You Should Know – Yahoo Finance” with publication date: March 12, 2019.

The Second Cup Ltd. operates as a specialty coffee retailer in Canada. The company has market cap of $37.77 million. It offers coffee products and other beverages, as well as various complementary products, including pastries, sandwiches, muffins, cookies, coffee accessories, and coffee-related gift items. It has a 31.15 P/E ratio. As of March 8, 2017, the firm had operated approximately 290 franchised and firm owned cafes under the Second Cup Coffee Co. name.