The TSX and TSXV are both Canadian stock exchanges, but there are some key differences between them.
The main stock exchange in Canada is called the Toronto Stock Exchange (TSX), which ranks ninth among all exchanges in terms of market value. It is a senior exchange, which means that it is designed for larger, more established companies. Companies must meet the TSX's listing standards in order to be listed on the exchange, which include minimal thresholds for revenue, assets, and public float.
The TSXV, or TSX Venture Exchange, is a junior stock exchange in Canada that is designed for smaller, emerging companies. The TSXV has more relaxed listing requirements than the TSX, making it easier for smaller companies to go public. Companies listed on the TSXV are typically in their early stages of development, and many are in the exploration and development stages in the resource sector.
In general, companies listed on the TSX tend to be larger, more established, and more well-known, while companies listed on the TSXV tend to be smaller, less established, and more speculative. Investors looking for higher risk and potentially higher reward investments may be more attracted to the TSXV, while those looking for more stability and established companies may prefer the TSX.