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The Toronto Stock Exchange (TSX; French: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization .
The Toronto Stock Exchange is the largest stock exchange in Canada and most major Canadian public companies are listed on it. It is owned by TMX Group . There are also many non-Canadian companies listed on the TSE Stock Exchange.
Exchange Bank of Toronto 1855 1858 Founded in 1855 as the Banking House of R.H. Brett, the name changed to the Exchange Bank of Toronto in 1856. Closed in 1858. [113] Exchange Bank of Yarmouth 1867 1903 Merged into the Bank of Montreal. [114] Farmers Bank of Canada 1906 1910 Failed. [115] Farmers' Bank of Malden 1840s 1840s Failed. [116]
In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
In June 1999, TD spun off 42 million shares or 12.4% of TD Waterhouse in an IPO, with shares priced at $35.28 CAD or US$24 per share, earning US$1.01 billion. In 2001, with the bursting of the dot-com bubble and lower trade volumes that brought down Waterhouse's share price, TD bought back that minority stake at US$9 per share for only US$378 ...
In 1976, RBC completed Royal Bank Plaza, at 200 Bay Street, Toronto, and shifted the majority of its critical head-office functions from Montreal to Toronto. [56] The Royal Bank of Canada presently operates two headquarters, with its corporate headquarters at Royal Bank Plaza and its head office based at Place Ville-Marie. [ 2 ]
The Bank of Montreal has been paying dividends to share holders every year since 1829 (196 years ago), [13] Scotiabank since 1833 (192 years ago), [13] Toronto-Dominion Bank since 1857 (168 years ago), [14] Canadian Imperial Bank of Commerce since 1868 (157 years ago) [15] and Royal Bank of Canada since 1870 (155 years ago) [16] respectively.
On 11 March 1935, the Bank of Canada began operations, following the granting of royal assent to the Bank of Canada Act. In 1938, while William Lyon Mackenzie King was serving as prime minister, the bank was legally designated a federal Crown corporation. The minister of finance holds the entire share capital issued by the bank. [17]