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What makes up the TSX composite index?

What makes up the TSX composite index?

The S&P/TSX Composite Index is a capitalization-weighted equity index that tracks the performance of the largest companies listed on Canada’s primary stock exchange, the Toronto Stock Exchange (TSX). It is the equivalent of the S&P 500 index in the United States, and as such is closely monitored by Canadian investors.

What companies make up the TSX composite?


  • Shopify Inc. Symbol. SHOP. Sector*
  • Royal Bank of Canada. Symbol. RY. Sector*
  • Toronto-Dominion Bank. Symbol. TD. Sector*
  • Canadian National Railways. Symbol. CNR. Sector*
  • Brookfield Asset Management Inc. Symbol. BAM.A. Sector*
  • Enbridge Inc. Symbol. ENB. Sector*
  • Bank of Nova Scotia Halifax. Symbol. BNS.
  • Bank of Montreal. Symbol. BMO.

What do the TSX numbers mean?

When people talk about “how the stock market is doing” in Canada, they often talk about the TSX Index. The most basic thing to understand about that number is that it represents the stock prices of the largest 240 companies (measured by market capitalization) that are traded on the Toronto Stock Exchange.

What is a constituent of an index?

A constituent is a company whose shares are part of an index such as the S&P 500 or Dow Jones Industrial Average. It is a component or a member of an index. The weighted aggregation of the share prices of all its constituents is used to calculate the value of an index.

What is a capped index?

A capped index is an equity index that has an upper limit on the weight of any single security. Thus, a capped index sets a maximum percentage on the relative weighting of a component that is determined by its market capitalization, even if that company naturally carries a greater weight in the market.

What are the TSX sectors?

S&P/TSX Composite Index sectors There are 11 categories of securities included in the index: financial, energy, materials, industrial, consumer discretionary, telecommunication services, healthcare, consumer staples, utilities, information technology and real estate.

Who uses the S&P TSX index?

S&P/TSX Indices are used by investors worldwide for investment analysis, performance measurement, asset allocation, hedging and the creation of a wide range of index derivatives, funds, ETFs and structured products.

What is the largest Canadian company?

Royal Bank of Canada
List of largest public companies in Canada by profit

Rank Rank Change Company
1 2 Royal Bank of Canada
2 Bank of Nova Scotia
3 2 Toronto-Dominion Bank
4 3 Bank of Montreal

Why is the TSX so high?

The Toronto Stock Exchange’s benchmark index topped the 20,000-point level for the first time ever this week fuelled by higher oil prices and more signs that a strong economic rebound from the depths of the COVID-19 pandemic is coming.

What are constituent funds?

The Constituent Fund is a feeder fund investing in Fidelity Global Investment Fund (“FGIF”) – Global Equity Fund, which in turn invests into FGIF Market Investment Funds and FGIF Money Market Funds.

How do you find index constituents?

Go to S&P Net Advantage. Click the S&P 500 Index tab, then select Constituents from the left-hand menu. Use Bloomberg (see access details). Note: a different ticker could be used for historical members.

What does capped mean in ETF?

Investors in exchange-traded funds (ETFs) and index funds may have come across the term “capped” either in the name or factsheet of funds they are looking at. This means that the index has an upper limit on the weighting of a single stock in the index.

Who are the constituents of the TSX Composite Index?

The Complete List of Constituents of the S&P/TSX Composite Index of the Canadian Equity Market as of Jan 1, 2021 are listed below: Descartes Systems Group Inc. (The) North West Company Inc. (The) Variable Voting and Common Voting Shares

Is the S & P 500 the same as the TSX?

Updated Feb 1, 2018. The S&P/TSX composite index is the Canadian equivalent to the S&P 500 market index in the United States. The S&P/TSX composite index represents about 70% of the total market capitalization on the Toronto Stock Exchange (TSX).

How does the NASDAQ Composite Index and New York composite index work?

The Nasdaq Composite Index and New York Composite Index track the performance of all equities listed on each stock exchange. The weight that each individual constituent has on the overall index is based on market capitalization, with both the price return and dividend yield of each constituent factoring into movements of the index.

Who are the largest companies in the TSX?

As of 2009, more than 200 Canadian companies are included in the TSX Composite index. Such companies as FAIRFAX FINL HLDGS SUB-VTG COM (TSX Ticker: FFH), POTASH CORP SASK COM NPV (TSX Ticker: POT), RESEARCH IN MOTION LTD (TSX Ticker: RIM) are among the largest companies in the TSX Composite Index basket.