The Toronto Stock Exchange (popularly known as the TSX) is Canada’s most important stock exchange, North America’s third leading stock exchange, and the world’s sixth leading stock exchange.
TSX is the segment of the TSX Group (TSX: X) that deals senior equities. A wide variety of businesses from Canada, the United States, and other countries are listed on the TSX.
The Headquarter of TSX is in Toronto, North America’s third major financial center, and TSX also has offices in Montreal, Winnipeg, Calgary, and Vancouver. Trading hours on TSX are 9:30 A.M. to 4 P.M., Monday to Friday.
History and Origin of the Toronto Stock Exchange
On July 26th, 1852, TSX developed as an “association of brokers” which was established by Toronto businessmen, but there are no official records remain of this group’s dealings. On October 25th, 1861, a gathering of twenty-four men at the Masonic Hall officially establish the Toronto Stock Exchange.
In 1878, TSX was officially integrated by an Act of the Legislative Assembly of Ontario. In 1914, during the World War I, TSX was shut down for three months due to fear of financial panic. Instead, the number of traded shares and the size of TSX increased constantly.
In 1934, the Toronto Stock Exchange merged with its key contender, the Standard Stock and Mining Exchange, and became known as The Toronto Stock Exchange.In 1977, TSX launched CATS (Computer Assisted Trading System). On April 23rd, 1997, the trading floor of TSX was closed, making it the second major North American stock exchange to select a floorless, electronic (or virtual trading) environment.
In 1999, TSX announced the appointment of Barbara G. Stymiest, the first female president of a North American stock exchange.Through a rearrangement plan, TSX became the only exchange in Canada that deals senior equities. The Bourse de Montréal/Montreal Exchange accepted the duty for traded derivatives and the Vancouver Stock Exchange and Alberta Stock Exchange merged to build the Canadian Venture Exchange (CDNX), which deals junior equities. Later, the Canadian Dealing Network, Winnipeg Stock Exchange, and the equities section of the Montreal Exchange merged with CDNX.
In 2000, TSX became a commercial company. In 2001, TSX acquired the Canadian Venture Exchange, which became known as the TSX Venture Exchange in 2002. On December 14th, 2006, for the first time ever, TSX traded at over the 13,000 point level and closed at a new record of 13,021.77.
At present, the Market Indexes of Toronto Stock Exchange are:
S&P/TSX Composite Index
S&P/TSX Canadian Sector Indexes
The S&P/TSX Composite Index is a list of leading companies on the Toronto Stock Exchange, which comprises almost 71% of market capitalization for each Canadian-based company listed on TSX. On May 1st, 2002, The S&P/TSX Composite Index replaced the TSX 300.
The S&P/TSX 60 Index is a list of the 60 leading companies on the Toronto Stock Exchange, in terms of market capitalization. This Canadian index provides coverage of 10 economic sectors, and is sustained by the Canadian S&P Index Committee.
Major Companies listed on Toronto Stock Exchange
Bell Canada Enterprises
Hudson’s Bay Company
The Thomson Corporation
Imaging Dynamics Company Ltd
Canadian National Railway Company
Canadian Imperial Bank of Commerce
Canadian Western Bank
CCS Income Trust
Bank of Montreal
Weyerhaeuser Company Limited
Ritchie Bros. Auctioneers
Toronto Stock Exchange
P.O. Box 450
3rd Floor, 130 King Street W.
(416) 947-4670 (