How to Buy Stocks in Canada
The first step in buying stocks in Canada is getting a list of all publicly traded Canadian companies. Find out how to buy stocks from the Toronto Stock Exchange with help from a portfolio manager in this free video on investments and the stock market.
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You've decided you want to own part of a public company that is based in Canada. Hi this is Roger Groh of Groh Asset Management. The question is how do you do that? Well the first thing you have to do is get a list of all publicly traded companies in Canada. Where? You can probably go back to your local bank or brokerage firm and they can access that on their internal data base and then e-mail you a list. Also you could go to the Toronto Stock Exchange or maybe even the Vancouver Stock Exchange to get a list of what they also trade but many Canadian companies trade in other countries so you not only want to go there but certainly you also want to look here in the US to see what's listed here but not listed in Canada because you don't want to miss anything. How to buy stock in Canadian companies? Well you just need a trading account somewhere and you can instruct your broker to buy that individual company. In the old days you used to have to open separate accounts in separate countries. You don't have to do that any more and your broker should be able to buy Canadian companies for you in your own account pretty much in any country in which you are based. One note on Canadian companies, many of them are focused on mining whether it's oil and gas or gold and silver or other types of minerals, those types of companies do very well when inflation is picking up and they don't do very well when inflation is declining. At the moment inflation is declining so you should be aware of where we are in the cycle and make a more informed investment decision. Hope that helps. I'm Roger Groh of Groh Asset. Thank you very much for spending time with me.