2 Top Canadian Stocks Riding AI Tailwinds to Buy in August 2024

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Written by Adam Othman at The Motley Fool Canada

The tech sector in Canada is relatively healthy, but it’s nothing comparable to the tech sector across the border, where some of the largest tech companies trade. The US is also leading the market in AI giants (including publicly traded ones) and promising AI startups. Compared to that, Canada has a modest concentration of businesses built around AI products and services, or companies that are pioneers in AI.

Still, there are many Canadian companies, from both the tech and other sectors, that might be perfectly positioned to take advantage of the AI tailwinds sweeping through the market. Two of them stand out from the rest.

A business information services company

Thomson Reuters (TSX:TRI) originated in the newspaper business. The company has adhered to its pedigree and emerged as one of the most significant information conglomerates in the world. However, a big part…

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