Canada is a friendly & promising nation that gives freedom and opportunities to immigrants. If you’re new to the country and are keen in either planning for your retirement or completing a critical project, there’re many investment options available to help you in growing your money in Canada. Here’s a brief overview of the different investment options available in Canada.
Mutual funds are interesting investment option if you’re looking to make the most of your savings over the long term. Investing in mutual fund is less risky than directly purchasing company shares on the stock market. With a mutual fund, a manager takes on the selection of companies that’ll be in his or her fund. Henceforth, your wealth is invested in hundreds of sectors. This is an excellent investment option if you want to diversify your portfolio and steer clear of putting all your eggs in one basket.
Exchange Traded Funds:
Exchange Traded Funds are comprised of different securities of companies traded on the stock market. They generally target to imitate a specific index or follow a currency or another financial asset. However, two characteristics distinguish them from mutual fund investments. First, their low management fees are attractive to several investors. In second, they’re traded the same way as a stock. You can rather simply purchase or sell them when stock markets are open.
If you are seeking an accessible way to diversify & give your investment portfolio an international element, you may wish to invest in the Canadian stock market.
The Canadian stock market is composed of one large exchange & many small exchanges. The foremost exchange is the Toronto Stock Exchange which is also known as TSX. The Toronto Stock Exchange is the 9th largest exchange in the globe.
The Toronto Stock Exchange also consists of a smaller exchange related with it known as the TSX Venture Exchange. This is where you can discover lower-priced stocks provided by up-and-coming or smaller firms. There’re other exchanges, but the above-mentioned 2 are the key exchanges.
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