Stocks traded as a percentage of market capitalisation reached 59.5 % in 2019 in Canada, according to OECD. This is 16.1 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Canada reached an all time high of 145 % in 2008 and an all time low of 3.83 % in 1977. When compared to Canada's main peers, stocks traded as a percentage of market capitalisation in Australia amounted to 56.1 % and 20.5 % in Mexico in 2019.
Canada has been ranked 10th within the group of 71 countries we follow in terms of stocks traded as a percentage of market capitalisation, 13 places above the position seen 10 years ago.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalisation for the period.