TSX - Toronto Stock Exchange

Known for being Canada’s largest stock exchange, the Toronto Stock Exchange (TSX) is also the sixth largest stock exchange in the world. One should be careful not to confuse the Toronto Stock Exchange with the Tokyo Stock exchange since they both shared the same abbreviation at one time. Today the abbreviation TSX is used for Toronto while the abbreviation TSE is used for Tokyo. There are a number of businesses from Canada and the United States listed on the exchange – as there are companies from other countries around the world. The Toronto Stock Exchange’s headquarters can be found in Toronto, Canada though the stock exchange maintains offices in other places around the country such as Montreal, Vancouver, Winnipeg and Calgary. The TSX: X Group performs all major senior equity trades. It is a public corporation that was founded in 1961 and which sees roughly $289.96 million of revenue a year.

Canada has the distinction of being one of the most wealthy nations in the world. It is a first world nation with a booming economy that is dominated by the service industry. Despite this, however, the country’s economy is largely driven by the logging and oil industries and also enjoyed a sizable manufacturing sector. The country also enjoys the freedom of having a free market economy giving sellers and buyers even greater freedom of choice. Canada also enjoys a lot of International trade and its biggest trade partner is definitely the United States. The country’s trade with the United States accounts for about 85% of exports and 59% of imports. Canada’s GDP for 2006 was $1.165 trillion and it had a stead GDP growth rate of 2.8%. Currently the services sector accounts for 71.3% while the industry sector accounts for 26.4% and the agriculture for only 2.3% of the GDP. Inflation is relatively low at 2% and while roughly 15% of people live below the poverty line, the country has only a 6.4% unemployment rate.

Canada’s main industries are transportation, equipment, chemicals, raw and processed minerals, food, wood, paper, fish, petroleum and natural gas. While the United States is Canada’s main trade partner, it also exports to Japan and the UK and imports from Mexico and China on a small scale. The main trade organizations currently operating in the country are NAFTA, OECD and WTO. Examples of companies listed on the TSX are Air Canada, ATI Technologies, Bombardier, Corel and Nortel Networks.

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