ZOOMER Magazine

OLD CANADIAN STOCK

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Founded in 1861 by a small group of local businessme­n, the Toronto Stock Exchange has grown into the busiest in Canada and the ninth largest exchange (by capitaliza­tion) in the world. Though many of the original companies have long since disappeare­d, some have stood the test of time. With a hat tip to Catherine Kee, corporate communicat­ions manager at the TSX, here’s a look at the oldest surviving publicly traded companies. 1905: Bell Canada Enterprise­s Originally the Bell Telephone Company of Canada, it was the nation’s first hightech company. 1911: Moneta Porcupine Mines Still striking gold in Northern Ontario after all these years. 1918: The Royal Bank of Canada RBC’s roots date back to pre-Confederat­ion Halifax, where it offered short-term credit to merchants operating in the busy port. 1919: The Bank of Nova Scotia It opened in 1832 with an authorized capital of 100,000 pounds. Last year, Scotiabank reported $887 billion in assets. 1921: Imperial Oil Imperial’s annual per share dividends have increased 22 years in a row. 1922: Bank of Montreal Canada’s oldest incorporat­ed bank, BMO is celebratin­g its 200th birthday this year. 1928: Economic Investment Trust The fact that EVT survived the Great Depression, which hit it one year into its listing, perhaps explains its longevity. 1929: George Weston Ltd. A baker’s apprentice, George Weston went on to make a lot of dough with his burgeoning food empire. 1935: Maple Leaf Foods A conglomera­tion of major Toronto meat packers, some suggest it was the source for the city’s mysterious nickname: Hogtown. 1936: Power Corporatio­n of Canada Started by Paul Desmarais Sr. from a nearly bankrupt transporta­tion company, the Power Corporatio­n has made the Desmarais clan one of the richest in Canada. —Ian MacNeill

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