There are currently 3 active Canada stock exchanges operating in the country, all of which are found in the south of Canada. These include the Toronto Stock Exchange, TSX Venture Exchange, and Canadian National Stock Exchange.
Like many, you might have heard of Toronto Stock Exchange (TSX) and thinking that TSX is the only stock exchange in Canada, you’re missing quite a bit. There is more than just one and each has its own specialty.
Let's get a glimpse of the Stock Exchanges in Canada:
The Toronto Stock Exchange is managed and operated by the TMX Group. Being the cornerstone of the Canadian financial markets and the center of Canada's equity market, TSX is the most popular stock exchange in Canada.
The company, which was formerly known as TSX Group, purchased Montreal Exchange Inc. in 2008 and then changed its name to TMX Group.
The business is a leading supplier of fixed income indices. The TMX trading strategy combines the provision of cutting-edge products with premium technological solutions and a competitive price structure.
The primary investor relations subsidiary of TMX Group is Equicom Group. The organization's primary areas of focus include investor relations and corporate communications services.
The TSX Venture Exchange, which has offices in Toronto, Montreal, Vancouver, and Winnipeg, is also owned by TMX Group and is situated in Calgary, Alberta.
Nearly 2,200 firms were listed on the TSX Venture Exchange as of December 31, 2009, and the Exchange's total market value was $32 billion.
The TSX Venture Exchange services the public venture equity market, whereas the Toronto Stock Exchange focuses mostly on well-established stocks.
This exchange concentrates on SMEs and emerging businesses that don't meet the TSX's listing requirements and gives them access to a tightly controlled venture capital market.
On all weekdays, except for holidays that are announced in advance by the Exchanges, the Toronto Stock Exchange and TSX Venture Exchange both have trading sessions that begin at 9:30 am and end at 4:00 pm ET. They also both have post-market sessions that last from 04:15 pm to 5:00 pm ET.
And there is the Canadian National Stock Exchange.
The CNSX is a brand-new, cutting-edge company and the fastest-growing stock exchange on Canadian soil. It has a main office in Toronto, Ontario, and a satellite office in Vancouver.
The Canadian National Stock Exchange supports micro-cap and developing companies as an alternative to the traditional stock exchanges by providing straightforward reporting requirements and no restrictions on the trading of securities.
The exchange, which was formerly known as CNQ, changed its name in November 2008 and is currently known as CNSX. Monday through Friday, 09:30 AM to 4:00 PM ET are the trading hours for the Canadian National Stock Exchange.