TSX takes Canwest down a peg

Shares in Canwest Global Communications Corp. are to trade on the TSX Venture Exchange from Monday after its stock was delisted from Canada’s top financial exchange Friday.

Canwest Global received a delisting notice from the TSX in October after it sought creditor protection.

Canwest Global’s subordinated voting and non-voting shares will trade on the TSX’s speculative venture capital exchange until the broadcaster completes its court-directed restructuring and possibly seeks another TSX main exchange listing.