The “Toronto Stock Exchange”, also known as the TSX, is the biggest Canadian stock exchange. It is also the third largest exchange on the North American continent and the eighth largest stock exchange in the world, measured by market capitalization. The exchange probably dates back to either 1851 or 1862, although it was officially incorporated though the Canadian Province of Ontario in the year 1878.
The Toronto Stock Exchange is, obviously, located in Toronto, which is the biggest metropolitan center in the country. The exchange is operated and owned by the TMX Group, and it is utilized for the trade of senior equities. In contrast to some stock exchanges found in China and India, international companies are represented on the TSX, with a wide array of businesses listed from regions throughout Canada, Europe, the United States, and a variety of other foreign locations.
While it trades in conventional securities, the Toronto Stock Exchange also lists a variety of split share corporations, exchange-traded funds, investment funds, and income trusts. There is little question that the TSX is the world-wide leader in the mining, oil and gas markets. In fact, more mining, oil and gas companies list their securities on the Toronto Stock Exchange than on any other stock exchange in the world.
In addition, the TSX is the undisputed center of banking in Canada, as the exchange lists each one of Canada’s Big Five commercial banks: CIBC, Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada and Toronto-Dominion Bank. In 2008, the TSX listed a combined market capitalization of over $1 trillion.