When doing a Canadian stock market analysis, researchers and investors will find a much brighter, hopeful situation than what is going on down south. While America struggles to pull itself out of an economic ditch, Canada seems to be much better off.
TSX, the Toronto Stock Exchange, is the largest and most successful stock exchange in the Great White North. With over 1,000 companies, TSX is still doing quite well.
Here are some of the major stocks to look out for:
- Genetics may be the last frontier for man to conquer. SemBioSys, one of Canada’s most advanced biotechnology companies, recognizes this and is capitalizing on it. Their protein-based research is at the forefront of the scientific revolution. Their advancements are transforming the pharmaceutical, industrial, and food services worlds. The 45-employee company has stock for $0.06.
- Uranium is a dense radioactive metal that provides the main source of heat within the earth. The chemical element is also used to fuel nuclear reactors, making it and the companies that supply it very sought-after. Cameco Corporation, the world’s second largest uranium provider, has become a steady prospect. At just over $21, its price and future are starting to heat up.
- Manulife Financial consistently provides insurance to Canadians and payouts to stock owners. A financial services provider as well, the company seems to have stabilized itself. 2009 was a tough year for Manulife, but owners and employees have worked hard to iron out the obvious wrinkles. Stocks will likely pick up this year and hover around $25-28. The company continues to be one of the largest life insurance providers on the planet.
- As people continue to need gas, they will continue to need companies lie TransCanada. The prominent energy company has increased its holdings in North America. Demand and expansion has made their stock – around $35 – a solid buy. And with over 35,000 miles of pipeline, that price is probably only going to rise.
- Rogers Communication has expanded their telecommunications branches, casting a safe shade over its investors. The company offers convenient bundle packages that include phone, internet and cable, giving customers everything they need in one reliable place. Rogers is currently trading at under $40.
A quick Canadian stock market analysis shows progress. Unlike its southern neighbor, Canada hasn’t suffered as much from the financial meltdown. The country continues to ride the world’s financial waves with some stability.
Let me know what you think about those companies!
Mike