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The Toronto Stock Exchange is just one of two national stock exchanges operating in Canada, the other being TSX Venture Exchange. Both of these stock exchanges 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 Toronto Stock Exchange was formally incorporated by an Act of the Legislative Assembly of Ontario.
In 1934, the Toronto Stock Exchange merged with the Standard Stock and Mining Exchange, and the merged markets adopted the Toronto Stock Exchange name. In 1997, the TSE's closed its trading floor, making it the largest stock exchange in North America to choose a floorless, electronic / virtual trading environment.
Toronto Stock Exchange Facts and Figures
The Toronto Stock Exchange claims to be the third largest stock exchange in North America, behind the NASDAQ and New York Stock Exchange, and the eighth largest stock exchange in the world. The overall performance of the exchange is usually measured in terms of the S&P / TSC Composite Index, which is composed of 197 companies listed on the exchange. In July 2007, the Toronto Stock Exchange closed at 14,646.82, which is currently the record high for the index (as of September 2011).
Some of the other key statistics of the Toronto Stock Exchange include:
- Over 3,909 issuers are listed on the exchange, with a market capitalization of nearly $1.8 trillion CAD (September 2011).
- 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, 2011 and 2012 holiday schedule are listed below. Keep in mind that trading in the US dollar may also be suspended on those days when banking holidays are celebrated in the U.S.
Toronto Stock Exchange Holiday Schedule 2012
| Holiday |
Date |
| New Year’s Day |
January 2, 2012 |
| Family Day |
February 20, 2012 |
| Good Friday |
April 6, 2012 |
| Victoria Day |
May 21, 2012 |
| Canada Day |
July 2, 2012 |
| Civic Holiday |
August 6, 2012 |
| Labour Day |
September 3, 2012 |
| Thanksgiving Day |
October 8, 2012 |
| Christmas Day |
December 25, 2012 |
| Boxing Day (Observed) |
December 26, 2012 |
Toronto Stock Exchange Holiday Schedule 2011
| Holiday |
Date |
| New Year’s Day |
January 3, 2011 |
| Family Day |
February 11, 2011 |
| Good Friday |
April 22, 2011 |
| Victoria Day |
May 23, 2011 |
| Canada Day |
July 1, 2011 |
| Civic Day |
August 1, 2011 |
| Labour Day |
September 5, 2011 |
| Thanksgiving Day |
October 10, 2011 |
| Christmas Day (Observed) |
December 26, 2011 |
| Boxing Day (Observed) |
December 27, 2011 |
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.
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