October 19, 2026
- The 196 equities listed in both Canada and the US had average daily volume across both countries of 807.7 million shares in September (-12.05% m/m).
- Of this total, 493.1 million (-13.49% m/m) traded in the US and 314.6 million (-9.71% m/m) in Canada, for a US-CAD split of 61.1%-38.9%.
- Looking at value traded, Canada claimed the majority at 58.2%, with the US at 41.8%.
- The US OTC market traded 4.82% of the total value in single-listed Canadian securities, down 87 bps m/m.
- Average daily volume declined 1.79% m/m (-20.38% y/y), to 1.25 billion shares.
- Dark-pool market share fell 31 bps m/m (-31 bps y/y) to 7.24%.
- Hidden orders on lit markets executed 4.91% of Canadian volume in September, down 33 bps from August.
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