Investing has some universality to it. From Afghanistan to Zimbabwe, deferring today’s consumption to build tomorrow’s fortune is largely the same. Let’s compare two similar charter members of the developed world—two countries that share a language, much of the same culture, and a 5,525-mile border. Here are some differences in investing when comparing the U.S. and Canada.
Key Takeaways
- Canadian markets include the Toronto Stock Exchange (TSX), the third-largest market in North America, and the TSX Venture Exchange (TSXV), a venture capital marketplace with many small companies listed.
- U.S. markets, which include the New York Stock Exchange (NYSE), are larger and more liquid, with more sectors and companies for investors.
- Canadian banking and healthcare industries are stable; the top five banks hold 85% of the country’s banking assets.
North American Neighbors
In some ways, Canada and the United States are more…
