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It increasingly feels like Canada's greatest companies are losing their footing and being sold off. - Research in Motion (RIM, maker of Blackberry phone) - Megabloks sold to Mattel and now Canadian ops are being shut down - Now Bombardier's train divhttps://www.wsj.com/articles/alstom-reaches-preliminary-deal-to-buy-bombardier-train-unit-11581872405?mod=e2tw …
Shopify is a counterexample but, while it's stock price is super high, it's not actually making that much money. Here are Canada's largest public companies by total profit: https://en.wikipedia.org/wiki/List_of_largest_public_companies_in_Canada_by_profit … 1. Finance 2. Finance 3. Finance 4. Finance 5. Natural resources 6. Financepic.twitter.com/spXAw4RcLz
7. Natural resources 8. Government charter oligopoly 9. Government charter oligopoly (AFAIK) 10. Natural resources.
One distinction is the concentration of financial services. There are thousands, maybe still tens of thousands of US Banks. I’m pretty sure those 5 are basically the entire Canadian financial system
Depends on how you classify but I don't think that's right. 13, 17, 19, 20, 21 all seem to be financial companies.pic.twitter.com/Rdaq1B9TXy
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