Toronto

Canada • Eastern Time

Time Zone

Toronto uses Eastern Time (EST / EDT), currently running at UTC−5 (winter) / UTC−4 (summer). Clocks spring forward one hour in mid-March and fall back in early November, on the same schedule as the United States.

Business & Commerce

Toronto, Canada's largest city and financial capital, operates on Eastern Time (ET) — exactly aligned with New York City and following an identical DST schedule. The Toronto Stock Exchange (TSX) is consistently one of the world's top ten exchanges by market capitalization, with particular depth in mining, oil and gas, and financial services listings. Because Toronto and New York share an identical clock, TSX, NYSE, and NASDAQ all open at 9:30 AM ET and close at 4:00 PM ET — the two cities' markets operate in direct synchrony. Toronto is home to the five major Canadian banks (Royal Bank, TD Bank, Scotiabank, BMO, and CIBC) that are among the most internationally active banks in the G7. For businesses operating between the U.S. and Canada, the shared Eastern Time offset means there is effectively no scheduling gap between the two countries' major financial centers.