S & P / TSX Composite Index | Composite Holdings

S & P / TSX Composite Index

S & P / TSX Composite Index

Introduced in 2002 by Standard and Poor's and Toronto Stock Exchange as a successor to the TSE 300 Index, the S&P/TSX Composite Index comprises approximately 71% of market capitalization for Canadian-based, Toronto Stock Exchange listed companies. The S&P/TSX Composite Index allows the number of securities in the index to float based on the number of qualified securities in the marketplace, instead of being set at 300 stocks. For a Canadian stock to be added to the index, it must meet minimum liquidity tests, have a price of at least $1.00 and an index weight of at least .05%. Stocks must continue to meet liquidity tests in order to remain in the index. Stocks are chosen from a broad pool of candidates by the S&P/TSX Index Committee, which is composed of 7 members representing both Standard & Poor’s and the Toronto Stock Exchange.

Currency: Canadian dollars

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