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Canada is the tenth largest economy in the world, and of those ten economies, its Per Capita GDP ranks second, marginally in front of Germany. With a Market Cap of USD 3.26 trillion as at the end of 2023, the Toronto Stock Exchange is also considered to be the tenth largest in the world, only marginally behind the London Stock Exchange, which had a Market Cap of USD 3.55 Trillion at that time. However, Canadian investors looking for a diversified portfolio have always faced the issue of concentration risk, as have international investors who have also wished to invest in Canada. In 2000, Northern Telecom was one of the most valuable tech companies in the world, and it represented 35 percent of the TSX’s market cap. Ten years later, it no longer existed. During the first decade of this century, Blackberry invented the smart ‘phone and could have bought and sold Apple every day of the week, twice on…
