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| The Toronto Stock Exchange (also known as the TSX) is Canada's largest stock exchange, North America's third largest stock exchange, and the fifth largest in the world. Introduced in 1977 the S&P/TSX Composite is the headline index and the principal broad market measure for Canadian Equity markets. It includes common stock and income trust units and serves as the benchmark for the majority of Canadian pension funds and mutual market funds. The S&P/TSX Composite in the basis for numerous sub-indices, which break down the Canadian market by different factors including size, Global Industry Classification Standard (GICS) and income trust inclusion versus non-inclusion. The index is maintained by the S&P Canadian Index Committee, whose members include representatives from both Standard & Poor's and the Toronto Stock Exchange (TSX). |
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