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why invest in Canada 🇨🇦?
They need to build keystone XL pipeline
Honestly there is no reason to invest in Canada anymore. I could have made an argument for it a decade ago but real estate is cooked, the government hates and kneecaps the energy and minerals and mining sector. There is one good tech company- Shopify. The banks do well and there are a couple other large companies doing well.
You could probably do well in the short run in the Canadian market if energy prices and resources are booming but I am pretty structurally bearish on Canadian business in the long term. I mean look at our Supreme Leader, he was chairman of the board of Brookfield when they moved their HQ out of Canada to NYC. Of course no one in the media said a word about that when he was running around yelling Elbows Up.
I will invest in Keystone XL and maybe Alberta
They want so bad to invest in Canada yet some want the government to encourage/force pension plans and other big funds to invest here more