City of Toronto congratulates the Toronto Stock Exchange on 150 years|
| || ||
Deputy Mayor Case Ootes will present a special anniversary scroll to Barbara
Stymiest, CEO of the TSX Group at a gala dinner tonight that marks the Toronto
Stock Exchange's (TSX) 150th anniversary.
The gala dinner takes place at the Design Exchange at 234 Bay St. The Design
Exchange was the home of the TSX from 1937 to 1983 prior to the TSX moving to
its current location at 130 King St. W.
"We extend our best wishes and congratulations on the 150th anniversary of the
TSX. A thriving exchange is the heart of successful capital markets," said
Deputy Mayor Ootes. "We are extremely proud of the TSX and Toronto's financial
community. The City is looking forward to continuing to work closely with the
financial services sector to position Toronto as a competitive North American
There are more than 1,300 senior companies listed on the TSX. About 20 per cent
of these have offices or headquarters in Toronto. They represent some of the
largest public companies in Canada. The census metropolitan Toronto area is
home to the five largest Canadian banks in Canada, 60 per cent of major life
insurance companies, the majority of asset management firms and about 80 per
cent of financing companies.
The city is also proud to be the headquarters of the Toronto Stock Exchange.
The TSX is one of the world's leading stock exchanges, ranking third largest in
North America and seventh internationally based on market capitalization.
Market capitalization is the value of the shares listed on the TSX.
"Both the city and the TSX have grown up together over the past 150 years. The
TSX has been a local icon and landmark and will undoubtedly continue to
successfully evolve in the years ahead," said Barbara Stymiest. "We will
continue to work together with the City to help position Toronto as a dynamic
and competitive North American financial centre with a world class reputation
|Managing Director, Economic Development, Culture and Tourism|