The Canadian stock market began modestly in 1861. With a membership fee of only $5.00 and trading only 18 stocks, the Toronto Stock Exchange (TSX) entered the marketplace. By 1901, scarcely forty years after its birth, the Toronto Stock Exchange reached the million trades per year milestone and had admitted one hundred companies to the Exchange. By 1926, the trading volume increased ten-fold. Shortly thereafter, the Toronto Stock Exchange merged with the Standard Stock and Mining Exchange, creating the third largest marketplace in North America. The Exchange implemented the world’s first Computer Assisted Trading System, and was the first marketplace in North America to launch decimal trading.
Tag: Canadian Stock Market
Great Canadian Stock Picks
The Canadian stock market is a great market for an investor to involve themselves with simply because Canada is in much better financial shape than most any other developed country in the world. Its debt is relatively low when compared to that of their neighbors to the south, and Canadians have been known to be very fiscally responsible even when the economy was booming. With this kind of stability in mind, it is important that investors look to certain stocks to capitalize on when they enter the Canadian market. (continue reading…)