Investing in Canadian Stocks

Investing in Canadian Stocks can be a great way to broaden your investment options and take advantage of bull markets in other countries. First of all if you live in Canada investing into their stocks is pretty easy, you just need to open up an account with a Canadian Stock Broker and buy away.

If you live in some far away country or in the U.S. investing in Canada is still pretty easy and it does not require you to switch brokers or exchange your currency first. The world is a much smaller place now than it used to be.

There are thousands of stocks in Canada and most of them can be traded with something called an ADR. An ADR is simply a symbol that allows investors to buy a stock in a foreign country with native currency.

For instance I can buy Potash a Canadian company using the symbol (POT). This ticker symbol is traded in U.S. dollars and

I don’t even have to know it is a Canadian company to buy it. You can find the specific ADR for the company you want to invest into by visiting the site below and entering the Country the stock is in and the company or industry you want to invest in.

http://moneycentral.msn.com/investor/common/find.asp

Buying Canadian ETFs

Another way to invest into Canadian stocks in to invest into ETFs that track Canada. These equities will invest into a wide variety of Canadian companies and will allow you to get a diversified portfolio in a foreign country without having to pick out which individual stocks you want to invest into.

Buying Canadian Mutual Funds

This is a third way to get some exposure to the Canadian Market Place. Mutual funds will charge you fees in order to actively manage your account in a certain industry or area. This could work out well if you don’t know much about the market place or don’t want to risk making a mistake yourself.

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