About The Toronto Stock Exchange
The Toronto Stock Exchange (TSX) is the largest and most prominent stock market in Canada. Numerous companies from Canada, U.S.A. and Europe are listed on it. A trading hotspot for a variety of financial instruments, it is located in the largest city in Canada, Toronto.
The Toronto Stock Exchange is the leader in the mining and oil & gas sector; more mining and oil & gas companies are listed on Toronto Stock Exchange than any other exchange in the world.
10 AMAZING FACTS ABOUT THE TORONTO STOCK EXCHANGE :
- With market capitalization of U.S. $2.17 trillion, the Toronto Stock Exchange is the seventh largest stock exchange in the world. It is the third largest stock exchange in North America.
- It is owned by the TMX Group that looks after its operations.
- It was founded on October 25, 1861 and was established under the act of the Legislative Assembly of Ontario in 1878.
- The Toronto Stock Exchange boasts of a total of 3,741 listed companies as of November 2010.
- It accounts for the largest global share of mining and oil & gas companies amongst all the stock exchanges in the world. Some of the prominent energy companies listed on the stock exchange are Cameco Corporation, Canadian Natural Resources Ltd., Canadian Oil Sands Trust, EnCana Corporation, Husky Energy Inc., Imperial Oil Ltd. and Nexen Inc.
- The TSX acts as the center for Canadian banking. Canada’s Big Five commercial banks namely CIBC, Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada and the Toronto-Dominion Bank, are listed on this stock exchange.
- The stock exchange is open on all weekdays from 09:30 A.M. to 04:00 P.M. ET. The post-market session occurs from 04:15pm to 05:00pm ET. Saturdays, Sundays and declared holidays are off-days.
- The indices used to watch the movements of the stock exchange are S&P/TSX Composite, S&P/TSX 60 and S&P/TSX Completion Index.
- There are many types of securities that are traded on the Toronto Stock Exchange. Some of the unconventional financial instruments traded on TSX are exchange-traded funds, split share corporations, income trusts and investment funds.
- The London Stock Exchange stated on February 9, 2011 that they look forward to a merger with the Toronto Stock Exchange in order to generate a combined market capitalization of U.S. $5.9 trillion.