TSX is a short of Toronto Stock Exchange. TSX is the largest stock exchange in Canada, the third largest in North America and the eighth largest in the world by market capitalization. Recently, TSX fell 579 points or four per cent last week in a reversal. The downturn caused by higher oil prices.
TSX founded on October 25, 1861. TSX is based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities. A broad range of businesses from Canada, the United States, Europe, and other countries are represented on the exchange.
TSX lists conventional securities, various exchange-traded funds, split share corporations, income trusts and investment funds. TSX is leader in the mining and oil and gas sector; more mining and oil and gas companies are listed on Toronto Stock Exchange than any other exchange in the world.
Recent news about oil prices, the prices ended the week at around US$101 a barrel, still up sharply from around US$90 in mid-February, as traders figured the massive earthquake in Japan on Friday would slow demand for crude. But there was also a realization that oil prices have a new floor and crude won't likely be going down to US$90 again any time soon.
TSX as the leader of n the mining and oil and gas sector, will keep on eye of oil prices.
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