TSX Chief Executive Officer Richard Nesbitt said Indian companies would have global leverage this way as large US institutional investors are important traders in TSX listed stocks, making Canadian markets among the top providers of liquidity in North America.

Delivering his keynote address at a meeting organised by the Canada-India Business Council, Nesbitt said the Canadian capital market had raised more money last year in IPOs than NASDAQ.

It has outperformed US markets for nearly a decade. While the S and P 500 was basically flat since 1998, its Canadian equivalent, the S and P/TSX was ahead nearly 70 per cent. Therefore, it was time Toronto was added to corporate India's list of listing destinations, he added.