Canada is one of the significant countries for investors from all over the world due to its massive natural resources and mining industry. Among the several stock exchanges in the country, the Toronto Stock Exchange (TSX) is the most popular. Also, TSX is among the largest stock exchanges within North America in terms of listings and is the eighth largest in the world in terms of market capitalization.
TSX houses the highest number of mining and energy companies as compared to any other stock exchange throughout the world. According to reports, the Toronto Stock Exchange comprised more than 1500 companies as of 2017 worth a total of $1.77 trillion in market capitalization. Listing requirements on the TSX vary with the type of company. Companies need to meet specific criteria. For instance, mining companies need to meet specific property, work programs, and capital requirements before listing. Similarly, gas and oil companies must meet working capital and financial requirements.
If you are learning to trade on TSX, then you need to understand that trading and investing in TSX listed companies can be accomplished via online brokerage accounts. However, in such cases, the commissions are more than that of domestic trades but are much reasonable as compared to the traditional stockbrokers. Make sure to consult your accountants or investment professionals for learning tax implications before investing.
Top Stocks Listed on TSX
The TSX consists of many largest natural resources companies in the world. Some of those top companies include Royal Bank of Canada (RY), Suncor Energy Inc. (SU), Potash Corp. of Saskatchewan (POT), Suncor Energy Inc. (SU) and Toronto-Dominion Bank (TD).
A Few Facts about TSX
- TSX is for companies having more than $7.5 million in net tangible assets. And the companies with less than the amount can go for TSX Venture Exchange (TSXV). A total of 3,985 companies are listed on both the exchanges, out of which 1,561 are on TSX and 2,424 on the TSXV.
- TSX not only lists the companies, but at the end of last year, there were 174 exchange-traded funds (ETFs) listed on TSX. ETFs are stocks that track an index. In the year 2000, only our ETFs were listed, whereas, by 2010, the number of ETFs on TSX grew by 4,250.
- TSX is 150 years old! The TSX was created in October 1861 by 24 men. In the beginning, only 18 stocks were listed on the TSX, out of which most were banks and real estate companies. During that time, there was daily one trading session of 30-minute held where only a few transactions used to take place.
Learning to trade on the TSX can be simplified with the help of a professional investment education and training corporation.
TRAIN2INVEST simplifies learning to trade on the TSX by delivering a step-by-step learning process that breaks down complex subject matter into manageable, bitesize pieces of information. For more information visit our social media profiles Facebook and Twitter