As the largest trading hub in North America, investing in stocks on the Canadian market offers an opportunity to diversify your portfolio and access global markets. You can buy and sell Canadian shares in a variety of ways, including through a TFSA (Tax-Free Savings Account), RRSP (Regular Retirement Savings Plan) or RESP (Regular Education Savings Plan).
Canada Investing and Trading is with an online broker. There are several options to choose from, including big bank brokerage platforms and independent online brokerages. Each offers different fees, trade commissions and other services.
Canada Investing and Trading: How to Build a Strong Portfolio
When selecting a brokerage to work with, look for one that offers the type of investment account you need. You’ll want to consider if they offer a TFSA or RRSP, and their minimum deposit requirements and fees. Additionally, some brokerages provide strategic investment advice or robo-advisers.
The Canadian stock market is divided into two exchanges — the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV). TSXV is the home of the country’s junior and mid-cap companies. TSX is the larger market, where many of Canada’s senior equities are listed. The TSX is also a good place to find energy and mining companies. The sector is a popular choice among investors, as it typically offers attractive dividend payouts.