Stocks traded as a percentage of market capitalisation reached 70.9 % in 2018 in Canada, according to OECD. This is 31.1 % more 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 61.3 %, 24.4 % in Mexico and 109 % in USA in 2018.
Canada has been ranked 12th within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 8 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.