Why Canada is the best place for stock exchange

Canada is one of the prosperous nations in the world with a GDP of $1.827 trillion in 2013. This is the reason why investors see Canada as a perfect place for stock exchange; they can bargain Canadian stocks in a lot of ways.

One of the benefits in buying stocks in Canada is its low budget deficit; with just 2.1 percent compared to United States with 9.8 percent. Unlike some of the developing markets, Canada has a very stable inflation rate, with interest rates of only 1.0 percent. There are six major Canadian stock exchanges that are located in southern parts of this country.

Brief information on 6 Canadian Stock Exchanges

Toronto Stock Exchange (TSX) – TSX is the largest stock exchange in Canada and the ninth largest in the world by market capitalization of $2.781 trillion as of May 31, 2016. It is a subsidiary of the TMX group and owned by Maple Group Acquisition Corporation.

Montreal Stock Exchange (MX) – currently known as the Bourse de Montréal, it is a derivatives exchange that provides options and future contracts for currencies, ETF’s, equities and indices. It is the earliest informal stock exchange in Canada in 1832.

Natural Gas Exchange (NGX) – this Canadian stock exchange offers data services, electronic trading, and counterparty clearing to electricity markets in North America.

Canada’s New Stock Exchange (CNQ) – formerly known as the Canadian Trading and Quotation System Inc. Unlike the TSX and the TSX Venture Exchange, its reported requirements are much more simplified and the barriers entry is reduced.

ICE Futures Canada – it is the one responsible for the regulation of all agricultural trades happening in Canada. It was formerly known as the Winnipeg Commodity Exchange Inc. and changed its name in 2008.

NASDAQ Canada (CND) – is a fully owned subsidiary of NASDAQ Stock Market Inc. and is composed with 61 companies.

Most of the biggest companies trading in Canada are affiliated in the S&P /TSX Index. This made investors see Canada as good starting point in stock exchange.

The Canadian Stock exchange offers aspiring investors to devote in a strong economy with large-scale natural resources. As of February 14, 2017, Canadian stocks have surged 3 percent. Analysts are also being selective about which industries it should inherit due to today’s rising stock prices.