All TMX markets suspended for the day after technical issues

All TMX markets suspended for the day after technical issues

The exchange operator said that the current issues were being handled and that the market would resume normal functions on Monday.

The TSX' last huge shutdown was nearly 10 years ago when a glitch in the system lead to the market being shut down for an entire day.

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The TMX Group says all markets will be shutdown for the remainder of the day due to an ongoing technical problem. We apologize for the inconvenience.

The TMX Group said that trading was halted shortly after 2 p.m. on both exchanges due to an outage. Trading is expected to resume Monday. Fewer than 575 million Canadian shares traded Friday, the slowest session since July 24, according to data compiled by Bloomberg. Also affected were the TSX Venture Exchange, a market for small capitalization stocks, and the TSX Alpha Exchange, a market geared to active traders.

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"TMX is committed to applying the lessons learned from this incident to help us prevent such issues from recurring in the future", TMX Group CEO Lou Eccleston said. The five-largest stocks traded in the Toronto Stock Exchange are the Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Suncor Energy and Canadian National Railway.

Before trading stopped, the S&P/TSX Composite Index was up 0.2 percent to 15,668.93, on track for a third straight gain and its highest close since March 21.

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The problem began affecting the Montreal Exchange at 1:37 p.m. ET, and began hitting the TSX less than two minutes later. Trading continued on other exchanges throughout Canada, including Nasdaq's exchanges.

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