Americas · Canada
Toronto Stock Exchange (TSX)
Toronto is Canada's main exchange. Banks, energy and mining dominate its index, but it also lists large software companies such as Shopify and Constellation Software. TSX Venture Exchange is the market for early-stage companies.
Regular hours: 09:30–16:00 local time
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Key facts
| Country and city | Canada, Toronto |
|---|---|
| Operator | TMX Group |
| Founded | 1861 |
| Currency | CAD |
| Regular trading hours | 09:30–16:00 local time (America/Toronto) |
| Hours in your time today | Needs JavaScript |
| Auctions | A market-on-close facility sets closing prices. |
| Settlement | T+1 — Moved to T+1 on 27 May 2024, one day before the US. |
| Price limits | No fixed daily limit. Single-stock circuit breakers pause sharp moves, and market-wide halts follow the US circuit breaker levels. |
| Minimum trading unit | Board lots of 100 shares for most stocks; odd lots also trade |
| Regulator | Provincial securities commissions, led by the Ontario Securities Commission, with the Canadian Investment Regulatory Organization (CIRO) |
| Main indices | S&P/TSX Composite, S&P/TSX 60 |
| Technology benchmark | S&P/TSX Capped Information Technology Index |
| Currency vs US dollar | 1 USD = 1.4161 CAD (+0.46% in a week, ECB 16 October 2026) · all currencies |
Quick answers about TSX
What are the TSX trading hours?
Regular trading on TSX runs 09:30–16:00 local time (America/Toronto) on trading days.
Does TSX close for lunch?
No. Regular trading on TSX runs without a midday break, from 09:30 to 16:00 local time.
What is the settlement cycle on TSX?
TSX uses T+1 settlement. Moved to T+1 on 27 May 2024, one day before the US.
What currency does TSX trade in?
Shares on TSX trade in CAD.
When is TSX next closed or closing early?
24 December 2026: Christmas Eve, with an early close at 13:00 local time.
Listing boards and segments
- Toronto Stock Exchange — Senior market for established companies.
- TSX Venture Exchange — Public venture market for early-stage companies.
Technology companies listed on TSX
Examples of well-known listings to show the market's profile, not recommendations.
What investors should know
- Trading runs 09:30–16:00 Toronto time, the same hours as New York.
- Settlement is T+1, aligned with the US since May 2024.
- Many large Canadian companies are also listed in New York, where they trade in US dollars.
Upcoming closures
- Christmas Eve: early close at 13:00
- Christmas Day: closed
- Boxing Day: closed
- New Year's Day: closed
- Family Day: closed
- Good Friday: closed
- Victoria Day: closed
- Canada Day: closed
- Civic Holiday: closed
- Labour Day: closed
- Thanksgiving: closed
Holiday calendar for all exchanges
Recent updates for TSX
Clocks go back on Sunday 1 November for NYSE, Nasdaq and TSX
Daylight-saving time changes in the time zones of NYSE, Nasdaq and TSX. Local trading hours stay the same, but seen from other time zones they move: NYSE opens at 09:30 local time, which is 13:30 UTC before the change and 14:30 UTC after it. The live market clock shows every opening time in your own time zone.
Compare TSX
Guides
T+1 Settlement Explained: Which Markets Settle Next Day
The US, Canada and India already settle share trades in one day; the EU, UK and Switzerland plan to follow on 11 October 2027. What T+1 means for your cash, dividends and trades abroad.
Growth Boards for Tech Companies Compared
Where young technology companies list around the world: AIM, Euronext Growth, First North, Scale, TSE Growth, STAR Market, ChiNext and KOSDAQ compared, with the risks for investors.
Sources
Facts checked on 19 October 2026. Rules change: confirm details with the exchange or your broker before trading.