Is the Toronto stock market or TSX open on weekends?
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- Updated On:11-Aug-2023
- Replies:1
Short Answer
Toronto Stock Exchange or TSX is the major stock exchange based in Ontario, Canada. TSX remains closed on weekends on Saturday and Sunday.
Detailed Answer
About TSX
The Toronto Stock Exchange or TSX is an essential component of the Canadian economy established in 1852 in Ontario, Canada. It is the marketplace for trading of various financial securities such as stocks, mutual funds, and Exchange-traded Funds (ETFs).
TSX is one of the largest stock exchanges in the world it plays an essential role in allowing the general public to invest as it provides a platform where a company can raise capital from investors in exchange for their shares. TSX has listed stocks of various companies related to technology, energy and healthcare which allows an investor to invest in the sector of their choice.
Timings of The Toronto Stock Exchange or TSX
The Timings of The Toronto Stock Exchange or TSX are as follows:
- For Weekdays: On usual business weekdays from Monday to Friday, the Toronto Stock Exchange allows trading of securities from morning 9:30 AM to afternoon 4:00 PM EST.
- For Weekends: On weekends on Saturday and Sunday, the Toronto Stock Exchange does not allow trading of securities and remains closed for transactional purposes.
- For National Holidays: On various declared national holidays, TSX remains closed for buying and selling of securities on the stock exchange. The national holidays when TSX remains closed are mentioned on the TSX Calender at https://www.tsx.com/trading/calendars-and-trading-hours/calendar.
TSX Trading Hours:
Hence, TSX is open on weekdays and closed on weekends. A user should make a note of the timings of the stock exchange for any major buying or selling transaction of security.
Thus, the timings of the Toronto Stock Exchange are fixed as per their operating hours. However, these timings can be affected in extremely rare cases due to major reasons related to the country's economy, safety or any other major happening.
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Discussion (0)
The Toronto Stock Exchange (TSX) opens Monday to Friday at 09:30 and closes at 4:00 PM Eastern Daylight Time. The trading hours of the Canada Securities Exchange (CSE) are also 09:30 AM to 4:00 PM EST.
Based on the historical data, the Canadian stock performances haven’t even gone close to the US stocks. However, nobody knows what the future holds for us.
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.
TradingView is a financial market analysis tool. It has charts, lots of technical indicators and social networking features as well. Yes, TradingView is available in many countries like India, Russia, UK and The US including Canada.
Are you planning to buy Vanguard ETF in Canada? You can open an account with the trading platform of your choice, that offers Vanguard and start investing.
Yes, Canadian stocks prove to be a shelter to investments with its wide variety of natural resources and stable banking system.
There is no minimum stock price to be listed on TSX. However, there are other varied qualitative and quantitative parameters to be able to get a company’s onboard with the TSX.
The easiest way to purchase stocks in Canada is to select an online stock broking platform of your choice, choose an investment account, establish an account online, fund the trading account and start buying shares.
To open a brokerage account in Canada, you’ll need to provide your full name and a valid form of a government-issued photo ID and some personal details such as your email address, phone number, residential address and Social Insurance Number (SIN).
Yes, trading Contract For Difference (CFD) is considered legal in Canada. Read further to know the top CFD brokers in Canada, how to open CFD account, tax implications, other countries where CFD trading is allowed.