The Best Way to Invest Money in Canada

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Canada is more than just mounties and maple leaves. It has a dynamic stock exchange with hundreds of companies specializing in energy, mining, technology, life sciences and more. There is no best investment, but there are a number of excellent opportunities, especially in natural resources.

Understanding the Playing Field

  • Canada is home to the Toronto Stock Exchange (TSX) where hundreds of solid companies list their stock. To purchase stock on the TSX, work with a brokerage that allows you to invest in Canadian stocks. Check with your brokerage for options. Some larger Canadian companies are also listed on the New York Stock Exchange.

Choosing a Company

  • Canada is known for its resources, especially in metals, timber, and unconventional oil. Companies to look for in this sector include Goldcorp (gold mining), Pan American Silver Corporation (silver mining), Canadian Oil Sands Trust (oil sands drilling), Potash Corporation of Saskatchewan (potash miner) and West Fraser Timber (wood).

Canadian ETF

  • iShares MSCI Canada ETF (EWC) is a great alternative for someone looking for broad exposure to the Canadian economy and commodities in general. With the recent boom in commodities, EWC has consistently outperformed the Standard & Poor's 500 since 2003. EWC can be traded on the NYSE and has all the advantages of being an exchange-traded fund.

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