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Toronto Stock Exchange (TSX)

Last updated 29th Nov 2022
Disclosure

The Toronto Stock Exchange is just one of two national stock exchanges operating in Canada, the other being TSX Venture Exchange. Both of these companies are held by TMX Group, Inc., which is considered the cornerstone of the Canadian financial markets and the center of Canada's equity market.

History of the Toronto Stock Exchange

The Toronto Stock Exchange, or TSX, is thought to have grown from an association of brokers back in 1852. Unfortunately, there are no official records of this group's transactions. However, by 1861, twenty-four brokers came together at the Masonic Hall to create the Toronto Stock Exchange. In 1878, the exchange was formally incorporated by an Act of the Legislative Assembly of Ontario.

In 1934, the TSX merged with the Standard Stock and Mining Exchange, and the merged markets adopted the Toronto Stock Exchange name. In 1997, the TSX closed its trading floor, making it the largest stock exchange in North America to choose a floorless, electronic / virtual trading environment.

Facts and Figures

The Toronto Stock Exchange claims to be the third largest stock exchange in North America, behind the NASDAQ and NYSE Euronext, and the eighth largest exchange in the world. The performance of the market is usually measured in terms of the S&P / TSX Composite Index, which is composed of 197 companies. In February 2020, the S&P / TSX Composite closed at 17,973.51, which is currently the record high for the index (as of November 2020).

Some of the other key statistics of the Toronto Stock Exchange include:

  • Over 3,406 issuers are listed on the exchange, with a market capitalization of nearly $2.49 trillion USD (November 2020).
  • On December 19, 2008, a record 896 million shares exchanged hands on the Toronto Stock Exchange.
  • In May 2010, the exchange set an average daily volume record of 218,846 contracts.
  • On September 18, 2008, a record $19.3 billion in securities were traded.

Holiday Schedule and Hours of Operation

The Toronto Stock Exchange's hours of operation as well as their 2020 and 2021 holiday schedules are listed below. Trading in the U.S. dollar may also be suspended on those days when banking holidays are celebrated in the U.S.

Toronto Stock Exchange Holiday Schedule 2021

HolidayDateNew Year's DayJanuary 1, 2021Family DayFebruary 15, 2021Good FridayApril 2, 2021Victoria/Patriots' DayMay 24, 2021Canada DayJuly 1, 2021Civic HolidayAugust 2, 2021Labor DaySeptember 6, 2021ThanksgivingOctober 11, 2021ChristmasDecember 27, 2021Boxing DayDecember 28, 2021

Toronto Stock Exchange Holiday Schedule 2020

HolidayDateNew Year's DayJanuary 1, 2020Family DayFebruary 17, 2020Good FridayApril 10, 2020Victoria/Patriots' DayMay 18, 2020Canada DayJuly 1, 2020Civic HolidayAugust 3, 2020Labor DaySeptember 7, 2020ThanksgivingOctober 12, 2020ChristmasDecember 25, 2020Boxing DayDecember 28, 2020

Toronto Stock Exchange Hours of Operation

Both the Toronto Stock Exchange and TSX Venture Exchange have trading hours of 9:30 a.m. to 4:00 p.m. ET, Monday through Friday. There is also an extended session for Participating Organizations and Member Firms that extend from 4:10 to 5:00 p.m. ET each trading day.


About the Author - Toronto Stock Exchange (TSX)


Moneyzine Editor

Moneyzine Editor