18:46:41 EDT Fri 04 Jul 2025
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Globe says look beyond TSX to vote anti-American

2025-02-18 06:13 ET - In the News

The Globe and Mail reports in its Saturday edition that Canadians are frantically educating themselves on how to source locally. The Globe's Tim Shufelt writes that across the country, consumers whose blood has been set aboil by Donald Trump's aggression have channelled their anger into patriotic spending. We have become obsessive label-readers in search of Canadian content. Many are asking if they should bring a local bias to their investments as well. The Toronto Stock Exchange does not have many tech names outside of Shopify, is weak in consumer stocks outside the grocery chains and has almost no pharmaceutical presence. These are all sectors where the U.S. market dominates. However, the committed anti-American investor can look to international markets to fill in the gaps, said Brett Girard, chief financial officer of Liberty International Investment Management. For example, Netherlands-based ASML Holdings is a major player in the computer-chip industry, France's LVMH is the world's largest luxury goods company and Novo Nordisk is the Danish company behind the Ozempic and Wegovy weight-loss drugs, Mr. Girard said. "There are plenty of names outside the U.S., if investors are willing to do a little bit of digging."

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