Montreal Exchange

The history of the first Stock Market in Canada commenced in the year of 1832 when an informal Stock Exchange started its course of progress at the Exchange Coffee House of Montreal in Canada. The driving force behind the creation as well as the development of Montreal Exchange were a group of five persons. They were Lorn MacDougall, Hartland St. Clair MacDougall, George Campbell MacDougall, James Burnett and Frank Bond. Montreal Exchange was then named as Montreal Stock Exchange. In the year of 1982 it happened to be renamed as Montreal Exchange. Lorn MacDougall was elected by the shareholders to be the Chairman of the governing committee. He held this designation till the date of his retirement. Undergoing a long journey of almost 175 years it has come to be recognized as one of the Major Stock Markets of the World.

Montreal Exchange that holds its position in the largest Canadian city had a very fast growth towards the beginning of the twentieth century. By the year of 1910, the number of its trades amounted to nearly 2.1 million Dollars.



Montreal Exchange really played the dominating role even when Toronto was growing with much of importance.

Montreal Exchange went through a grave loss of $5 billion for a shot time since 29th October of the year of 1929. the 13th of February in the year of 1969 witnesses a massive bomb explosion that blew the northeastern wall of the exchange building seriously injuring twenty seven people. Language problem became an additional threat in the years of 1970s.

In the year of 1999 the Montreal, Alberta, Toronto and Vancouver exchanges came to the resolution to have a renewed structure of the capital stock markets of Canada, as a result of which Montreal Exchange came to be the Canadian derivatives Exchange for the next ten years.