How to use MT5/MT4
The entities below are duly authorised to operate under the Titan FX brand and trademarks. Titan FX Limited (reg. No. 40313) regulated by the Vanuatu Financial Services Commission with its registered office at 1st Floor Govant Building, 1276 Kumul Highway, Port Vila, Republic of Vanuatu. Goliath Trading Limited (licence no. SD138) regulated by the Financial Services Authority of Seychelles with its registered address at IMAD Complex, Office 12, 3rd Floor, Ile Du Port, Mahe, Seychelles. Titan Markets (licence no. GB20026097) regulated by the Financial Services Commission of Mauritius with its registered office at c/o Credentia International Management Ltd, The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius. Atlantic Markets Limited (registration no.2080481) regulated by the Financial Services Commission of the British Virgin Islands with its registered address at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands. The Head Office of Titan FX is at Pot 564/100, Rue De Paris, Pot 5641, Centre Ville, Port Vila, Vanuatu. The Titan FX Research Hub purpose is to provide solely informational and educational content to its users, and not investment, legal, financial, tax or any type of personalised advice. Opinions, forecasts, and any other information contained in this website do not constitute recommendations or solicitation to buy or sell financial instruments. Trading leveraged products like CFDs carries high risk and may not suit all investors. Users should conduct independent research or consult qualified professionals before making any trading decisions. While efforts are made to provide accurate information, no warranty is given for the completeness or suitability of the information contained in this website. Reliance on this content is at your own risk and Titan FX accepts no liability for loss or damage. This information is for residents of jurisdictions where Titan FX transactions are permitted.
Official SNS Accounts
This article will introduce the characteristics, components, and trading methods of the S&P/TSX 60 Index for traders' reference.
The S&P/TSX 60 Index is one of the key stock indices of the Toronto Stock Exchange. It aims to provide a benchmark representing the performance of the 60 most significant companies in the Canadian stock market. The index is composed of the 60 largest and most liquid Canadian companies across various industries, including energy, financials, materials, and industrials. The components of the index are regularly reviewed and adjusted to ensure that it accurately reflects the most important companies in the market. Typically, reviews occur quarterly based on market capitalization and liquidity.
The index is managed by S&P Dow Jones Indices and is an important benchmark for Canadian investors and financial markets.
As of the most recent update, the S&P/TSX 60 Index covers major companies across industries such as energy, financials, materials, industrials, consumer goods, and communications. These companies represent key sectors of the Canadian economy and hold significant market influence. The index’s components are regularly reviewed to maintain its representativeness and market coverage.
Here are the main components of the S&P/TSX 60 Index:
| Industry | Companies |
|---|---|
| Financials | Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD Bank), Scotiabank |
| Energy | Enbridge Inc., Canadian Natural Resources Limited, Suncor Energy Inc. |
| Materials | Barrick Gold Corporation, Nutrien Ltd., Canadian Pacific Railway Limited |
| Industrials | Canadian National Railway Company (CN), Thomson Reuters Corporation |
| Consumer Goods | Loblaw Companies Limited, Alimentation Couche-Tard Inc. |
| Telecommunications | BCE Inc., Rogers Communications Inc. |
The U.S. economy has a significant impact on the S&P/TSX 60 Index due to the close economic ties between the U.S. and Canada.
Here are some of the main areas of influence:
Trade Dependency: The U.S. is Canada’s largest trading partner. Many Canadian companies rely heavily on exports to the U.S., particularly in the energy, raw materials, and manufacturing sectors. Therefore, changes in the U.S. economy directly affect these companies' performance and, in turn, the S&P/TSX 60 Index.
Tariffs and Trade Policies: Changes in U.S. trade policies, such as tariffs and trade agreements, impact Canadian businesses' trading environment. For example, tariffs on steel and aluminum imports from the U.S. have adversely affected Canadian steel companies.
Canadian Dollar vs U.S. Dollar: The economic interactions between Canada and the U.S. influence the exchange rate between the Canadian Dollar (CAD) and the U.S. Dollar (USD). When the U.S. economy is strong, the USD may appreciate, leading to a weaker CAD. This can make Canadian exports to the U.S. more competitive, but it could also increase the cost of imports, affecting corporate profits.
Inflation and Interest Rates: U.S. inflation rates and interest rate policies also impact the CAD exchange rate. A rate hike by the Federal Reserve could strengthen the USD and affect the CAD’s competitiveness.
Dual Listings and Cross-Border Operations: Many companies in the S&P/TSX 60 Index operate in both Canada and the U.S., or are dual-listed in both markets. For example, Canadian National Railway (CN) and Enbridge are heavily influenced by U.S. market performance. These companies’ earnings and stock performance are directly impacted by the U.S. economy.
Economic Synchronization: The Canadian and U.S. economies are highly synchronized, meaning that economic booms or recessions in the U.S. tend to affect Canada similarly. For instance, a U.S. recession may reduce Canadian export demand and corporate earnings, potentially dragging down the S&P/TSX 60 Index.
Energy Prices: U.S. economic activity has a significant impact on global energy demand. As a major energy exporter, Canada’s energy companies are highly sensitive to changes in oil and natural gas prices. Strong U.S. economic growth often boosts energy demand, driving up prices and benefiting Canadian energy companies.
After opening a trading account, you can trade the S&P/TSX 60 Index CFDs on the MT4 and MT5 platforms.
Register a Titan FX Trading AccountDownload MT4/5 and log in using your account credentials.
Right-click in the "Market Watch" window, select "Symbols," then double-click on "CAN60" under "Indices" to display the S&P/TSX 60 Index quote.
Double-click on the quote or open the chart for CAN60 to begin trading.
The S&P/TSX 60 Index, as an important benchmark for the Toronto Stock Exchange, offers advantages such as diversification, high liquidity, and market representativeness. However, it also faces risks such as sector concentration, market volatility, and exchange rate fluctuations.
Global economic growth, domestic policy support, and technological innovation will provide growth momentum for the index, while risks such as energy price volatility, interest rate changes, and geopolitical instability should be monitored. Investors should pay close attention to both global and Canadian economic conditions, especially trends in the energy and financial sectors.
Additionally, the U.S. economy significantly impacts the S&P/TSX 60 Index. Investors need to keep a close watch on U.S. economic indicators and policy changes to assess their potential impact on the index.
