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Buffett not “uncomfortable” with Canada

When countries look to attract the attention of big financial funds, they often attempt to brand themselves in a manner that will bring much-needed foreign investment to their shores. For example, you might see buzzwords such as:

Innovative

Efficient

Attractive 

Shareholder-friendly

But given Canada’s stagnating economy, I think it’s appropriate to get excited about this Warren Buffett quote:

“We do not feel uncomfortable in any shape or form putting our money into Canada.”

When Buffett takes the stage at his annual “Woodstock for capitalists” in Omaha each year, the investing world sits up to take notice. So, it was noteworthy to hear his lukewarm notes about Canada, including:

“There are a lot of countries we don’t understand at all…

Continue Reading On moneysense.ca »

Bank of Canada finds pockets of vulnerability in financial system  Financial PostBank of Canada warns of steep jump in mortgage payments  The Globe and MailRenters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why? – National | Globalnews.ca  Global NewsPress Conference: Financial Stability Report—2024  Bank of CanadaMacklem: Risk of recession is fading  CTV News Windsor

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