The foundation for the Toronto Stock Exchange began in 1852 when a group of businessmen from Toronto met with the intention of forming an "Association of Brokers." By 1861, the exchange was founded, with membership costing $5. The exchange has come a long way since then -- there were 3,974 companies trading on the exchange as of November, more than any exchange in the Americas and second only to BSE India's 5,180. The exchange grew by gobbling up other exchanges based in Canada. The Toronto Stock Exchange merged with the Canadian Venture Exchange, consisting of the Vancouver and Alberta Stock Exchanges, in 2001 to create the TSX Group. Then in 2007, the Montreal Exchange and TSX Group merged to form today's TMX Group. The Toronto Stock Exchange also tried to merge with the London Stock Exchange in 2011, but dropped plans after it became evident that shareholders of TMX Group would not approve. Listings include Bank of Montreal and Air Canada.
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