Toronto Stock Exchange (TSX)

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 November 2019, the S&P / TSX Composite closed at 16,957.99, which is currently the record high for the index (as of November 2019).

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

  • Over 3,355 issuers are listed on the exchange, with a market capitalization of nearly $2.25 trillion USD (August 2019).
  • 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 2018 and 2019 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 2019

Holiday Date
New Year’s Day January 1, 2019
Family Day February 18, 2019
Good Friday April 19, 2019
Victoria Day May 20, 2019
Canada Day July 1, 2019
Civic Holiday August 5, 2019
Labor Day September 42 2019
Thanksgiving Day October 14, 2019
Christmas Day December 25, 2019
Boxing Day December 26, 2019

Toronto Stock Exchange Holiday Schedule 2020

Holiday Date
New Year's Day January 1, 2020
Family Day February 17, 2020
Good Friday April 10, 2020
Victoria/Patriots' Day May 18, 2020
Canada Day July 1, 2020
Civic Holiday August 3, 2020
Labor Day September 7, 2020
Thanksgiving October 12, 2020
Christmas December 25, 2020
Boxing Day December 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.

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