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. Main Street

    A colloquial term used to refer to individual investors, employees ...
  2. Toronto Stock Exchange - TSX

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

    A term used in the financial markets and the press to refer to ...
  4. Wall Street

    1. A street in lower Manhattan that is the original home of the ...
  5. Bayes' Theorem

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

    A daily account of futures commission merchants and clearing ...
Related Articles
  1. Stock Analysis

    How Is Main Street Capital Growing?

    Dividend investors are always on the lookout for high-yielding investments, and one niche in the investment world has paid extraordinary dividends lately.
  2. Taxes

    Presidential Candidates And Wall Street In 2016

    Wall Street's influence will play a large role in the 2016 presidential race. As election season begins, candidates are showing their true colors.
  3. Professionals

    How To Get A Job On Wall Street

    Although Wall Street has its share of problems, finding people who want to become traders isn’t one of them.
  4. Personal Finance

    How To Land a Wall Street Job Out of College

    Getting a job on Wall Street right after college can be difficult, but there many paths that eventually lead to Wall Street.
  5. Brokers

    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.
  6. Personal Finance

    Toronto, Canada

    The capital of Ontario, Toronto is the most populous city in Canada, with 5.6 million people in the greater metropolitan area. Toronto is the financial hub of Canada, housing the nation’s ...
  7. Stock Analysis

    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.
  8. Professionals

    Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.
  9. Personal Finance

    Inflation Is at Bay

    It's been a tough year for the broad economy, but the fact that we've emerged from the brink of economic collapse gives us plenty to be grateful for.
  10. Stock Analysis

    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. What does the saying "What's good for Wall Street is bad for Main Street" mean?

    Let's start by defining the terms "Wall Street" and "Main Street". Wall Street, in its broadest sense, refers to the financial ... Read Answer >>
  2. 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 >>
  3. 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 >>
  4. Where did the term "tenbagger" originate?

    On February 15, 1989, Peter Lynch's investing book, "One Up On Wall Street", made its debut. At the core of the book was ... Read Answer >>
  5. 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 >>
  6. 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 >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  4. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  5. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  6. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
Trading Center