June 25, 2026
- The 194 equities listed in both Canada and the US had average daily volume across both countries of 935.4 million shares in May (-3.15% m/m).
- Of this total, 576.4 million (-7.33% m/m) traded in the US and 358.9 million (+4.41% m/m) in Canada, for a US-CAD split of 61.6%-38.4%.
- Looking at value traded, the gap is far narrower, at 50.3%-49.7% .
- The US OTC market traded 4.43% of the total value in single-listed Canadian securities, up 115 bps m/m.
- Average daily volume fell 2.95% m/m (+29.41% y/y), to 1.41 billion shares.
- Dark-pool market share decreased 2 bps m/m (+20 bps y/y) to 7.08%.
- Hidden orders on lit markets executed 5.27% of Canadian volume in May, up 7 bps from April.
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