A sort of pooled investment vehicle known as an Exchange Traded Fund (ETF) contains a variety of underlying assets, such as stocks, commodities, or bonds. They can be purchased and sold on a stock exchange just like regular stocks. ETFs that are passively managed often follow an underlying index to mimic its performance. The iShares MSCI Canada ETF, traded on the NYSE Arca exchange, aims to follow the performance of an index made up of Canadian stocks in terms of investments. The ETF had an annualized total return of 7.02% during the last five years as of June 30, 2022. By accounting for a total weight of 36.46% as of August 31, 2022, the portfolio was significantly weighted with companies from the Financials sector. Many commodities producers’ stock prices might fall if commodity prices fall; on the other hand, Canadian companies might do well if commodity prices rise.
Insider Monkey looked at the 10 Best Canadian Stocks to Buy. Mines are run by Agnico Eagle Mines Limited in Finland, Canada, Australia, and Mexico. Along with the United States and Colombia, it also has a pipeline of excellent exploration and development projects in these nations. Since 1983, the mining firm has announced cash dividends each year. One of the largest independent producers of natural gas and crude oil in the world is Canadian Natural Resources Limited. For the three months ending June 30, 2022, its net income climbed by 117% while revenue increased by 69% year over year to $8.9 billion. A significant worldwide alternative asset manager with around $750 billion in assets under management is Brookfield Asset Management Inc. The business said in June that the initial Brookfield Global Transition Fund had attained its final close. The fund’s goal is to speed up the transition of the entire world to a net-zero carbon economy. The industry-leading gold and copper producer Barrick Gold Corporation runs mines and projects in 18 nations across North and South America, Africa, Papua New Guinea, and Saudi Arabia. Its overall revenue for the three months ended June 30, 2022, decreased by 1% year over year to $2.9 billion. A leader in North American logistics and transportation, Canadian National Railway Company provides integrated shipping solutions. Its rail system has around 20,000 route miles of track connecting the Atlantic, Pacific, and Gulf of Mexico coasts. For more details, click the 10 Best Canadian Stocks to Buy.
