Bay Street

DEFINITION of 'Bay Street'

A street in Toronto, Canada that is home to several major banks, law firms and other important Canadian institutions. Because of all the influential businesses on or about this thoroughfare, "Bay Street" is often used as a catchword for Canada's financial industry.

Ironically, the Toronto Stock Exchange is not located on Bay Street; rather, it stands about a block west of Bay Street at the intersection of York Street and King Street.

BREAKING DOWN 'Bay Street'

Bay Street is the Canadian version of Wall Street. Although both are real, functioning streets, their value and significance are much greater than that. Just as one would not expect a summary of pedestrian and vehicle traffic upon asking about the day's events on Wall Street, a discussion of the happenings on Bay Street invariably centers on economic and financial issues, with an emphasis on the TSX.

RELATED TERMS
  1. Wall Street

    1. A street in lower Manhattan that is the original home of the ...
  2. Toronto Stock Exchange - TSX

    The largest stock exchange in Canada. The Toronto Stock Exchange ...
  3. Street Book

    A daily account of futures commission merchants and clearing ...
  4. Dalal Street

    A term that refers to the Bombay Stock Exchange, the major stock ...
  5. Bayes' Theorem

    A formula for determining conditional probability named after ...
  6. Street Name

    When securities are held in the name of a broker or other nominee, ...
Related Articles
  1. Markets

    Is Belfort's "Wolf" The Real Wall Street?

    Those sex-obsessed, drug-taking thugs who ripped off investors in Martin Scorcese's all-time biggest-grossing film, "The Wolf of Wall Street," have nothing in common with the refined investment ...
  2. Managing Wealth

    Toronto Stock Exchange: Safest Investment In The World?

    Canada, one of the wealthiest countries, is also one of the safest places to invest.
  3. Trading

    Choosing An Advisor: Wall Street Vs. Main Street

    A high-profile brand name alone won't meet your personal investing needs. This article will show you what else to look for.
  4. Professionals

    How To Get A Job On Wall Street

    There are many roads that lead to Wall Street, but here are some of the more direct routes.
  5. Markets

    Is Now the Right Time to Buy Canadian Stocks?

    Learn about the Canadian stock market and why it has declined over the past five years. Understand if now is a good time to invest in Canadian stocks.
  6. Managing Wealth

    Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.
  7. Investing

    The United States Vs. Canada - Differences In Investing

    While there are certainly some differences, American and Canadian investors have more in common than not.
  8. Markets

    3 Things to Know About Fifth Street's Earnings (FSC)

    Before the bell on Monday, Fifth Street FinanceĀ (NASDAQ: FSC) reported earnings for its second fiscal quarter. Here's what shareholders should know now. 1. The numbersFifth Street Finance reported ...
  9. Markets

    The 3 Biggest Canadian Banks (RY, TD)

    Examine some of the largest banks in Canada, which also rank among the largest and most important banks in the industry worldwide.
  10. Markets

    Is This Dividend Stock A Value Or Value Trap?

    We can say that Fifth Street Finance has had a rough year, but there's a huge difference between an undervalued stock and a stock that's cheap for a reason
RELATED FAQS
  1. How does investing in the banking sector differ between the U.S. and Canada?

    Discover why some investors prefer Canadian to U.S. banks. Learn how trades of Canadian bank shares are executed in both ... Read Answer >>
  2. Where does the name "Wall Street" come from?

    As with many of the famous streets and roads in the world, Wall Street's origins have historical significance. Its name is ... Read Answer >>
  3. How does the landscape of the financial services sector in the U.S. compare to Canada?

    Read about the financial services sector in the United States and Canada, two countries that represent each other's largest ... Read Answer >>
  4. What are the most common market indicators to follow the Canadian stock market & ...

    Learn key indicators used by analysts to follow the Canadian stock market and to gauge the condition of the overall Canadian ... Read Answer >>
  5. Is Canada a developed country?

    Find out how Canada fares as a developed country, boosted by its economic strength and a strong standard of living for Canadian ... Read Answer >>
  6. When does Q4 start and finish?

    Learn about different financial years used by various companies. Explore when the fourth quarter begins on October 1st and ... Read Answer >>
Hot Definitions
  1. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  2. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  3. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  4. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  5. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  6. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
Trading Center