Memo to S&P Dow Jones Indices:

I see a press release that on January 27, 2016 (TORONTO) – TMX Group (TMX) and S&P Dow Jones Indices (S&P DJI) today announced a renewal of the multi-year Index Operation and License Agreement (Agreement) between TSX Inc. and S&P DJI, further extending their long-standing and successful partnership. The Agreement will ensure that market participants will continue to have access to a comprehensive suite of investable indices for the Canadian equity markets, as well as North American and global markets.

One of those indices is the Canadian benchmark S&P/TSX 60 Index which according to the TSX - is designed to represent leading companies in leading industries. So how come a penny stock, Bombardier Inc. BBD.b with a puny weight at 0.16% is still in the index? Why not rename the index to the S&P/TSX59?

Bombardier Inc. is also a component of the S&P/TSX Industrial Index – the other S&P/TSX 60 industrial peers are Canadian National Railway Company, Canadian Pacific Railway Ltd and SNC Lavalin Inc. I suggest that it would be prudent to replace Bombardier Inc. with another industrial sector issuer. – just to keep the S&P/TSX 60 Index balanced. Why not consider CAE Inc., MacDonald Dettwiler and Associates Ltd , Stantec Inc.or WSP Global Inc. Please no more consumer, energy or financial names.

Our chart – is a long term monthly weekly of CAE with a cycle overlay and relative performance study and at 500K + trades per day is a liquid aerospace play.