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Is S&P and TSX the same?

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No, S&P and TSX are not the same, although they are related in the context of Canadian stock indices.

  • S&P: This stands for Standard & Poor’s, a financial services company that provides financial market indices, research, and analysis. The “S&P” prefix in the name of an index indicates that Standard & Poor’s manages or has a role in creating and maintaining the index.
  • TSX: This stands for the Toronto Stock Exchange, which is the primary stock exchange in Canada. It lists a wide range of Canadian companies and securities.

The S&P/TSX Composite Index is a specific index that tracks the performance of the largest companies listed on the TSX. It is managed by S&P Dow Jones Indices in collaboration with the TSX. So, while the TSX is the stock exchange, the “S&P/TSX Composite Index” is a product resulting from a partnership between S&P Dow Jones Indices and the TSX.

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