Finances in Canada: Stocks and Investments
Canada has always had a sound economy. While the nations stock market has never yielded the rewards that the American stock exchanges do, Canada’s stock floors and exchanges offer good returns and less of a risk to investors. Canada is a resource-rich nation and offers excellent education to its workforce. The combination of resources and trained workers allows Canada to easily rank in the top 10 of trading nations. Nearly 40% of the nation’s GDP is derived from exports.
Canada’s Cameco Corporation (CCJ) provides one of the leading stocks for investors. Cameco is a leader in nuclear energy and is the world’s largest low-cost uranium producer. The company provides almost 20% of the world’s demand for nuclear energy. While Cameco focuses primarily on nuclear energy, the headquarters are located near one of the nation’s largest gold mines. Mining has been a significant and reliable source of revenue for Cameco. Another important stock that is offered in Canada’s marketplace is the Canadian National Railway (CNI). The railways route is over 21,000 miles and spans the entire continent. Since Canada is the second largest country in the world by geography, transportation and freight are vital industries to the economy and offer high returns for investors. As large the country is, so wide is the spectrum of available investments. To find the right kind of investment founded knowledge is indispensably, avoidable mistakes are collected by Fisher Investments. CCJ and CNI are two of the major stocks in Canada, but there are many other companies like monster with CEO Salvatore Iannuzzi and stocks that attract investors, as well.
Besides stocks, there are many other investment opportunities in Canada. Large cities have become important for retailers and small businesses. Toronto, Ottawa, Vancouver, and Montreal have grown tremendously over the past few decades and offer new business owners a chance to succeed. The country’s vast amounts of natural resources mean that investments in land can also yield high rewards. Oil, gold, and timber are three of the country’s leading resources. All three of these resources attract investors from all across the globe to Canada’s financial sector.