Liberal Minority Government 2025 - ???
- Thread starter Altair
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Probably not that many in comparison. A diversified portfolio's Canadian component will tend to lean towards a smaller number of large cap, dividend producing companies: the big banks plus a few other finance/insurance companies, the telcos, the major oil and gas and mining companies, the couple of railroads, a couple major manufacturers, a modest selection of tech heavy-hitters, a few major infrastructure/services companies, a few REITs... A lot of market diversity but in a relatively small number of larger Canadian companies. In comparison, US portions of a portfolio, alongside a more diversified array of large companies, will often have a larger number of small to mid cap growth companies, so the numbers will definitely lean heavily one way. What I don't believe we have is a geographic distribution of his investments by market cap. That will still lean more heavily towards the US of course, but would probably see his Canadian holdings having proportionately larger market cap compared to many of the US ones.
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As a member of the CAF, your retirement savings are held in a combination of federal debt (pre-2000) and assets held in trust by PSP investments.
In the US alone they report 1236 different holdings (https://fintel.io/i/public-sector-pension-investment-board). So you indirectly hold more than Mark Carney (if you are a contributor to the CAF, PS or RCMP pension plans).
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You nailed it. 530 American companies, 3 Canadian companies.
The Canadian companies are a waste service company, a Canadian/US rail line that runs from Canada to Mexico, and an oil company.
Not terrible companies to invest in. I just figured he would have a few more Canadian companies invested in.
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How many Canadian holdings do they have?
I haven't gone through the disclosure; did it show if he owns any mutual funds / ETFs? Those would likely result in indirect ownership of Canadian companies not being individually reported.
Just stumbled on this on Twitter. Can’t vouch for accuracy but it suggests there’s more detail to this:
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Haven't been able to figure it out from their annual report. But as of 31 March this year they had just under $300B in assets, so probably more than one or two...
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Thanks I'll check that out. I'd be happy to learn that he has more than 3 investments in Canada.
daftandbarmy
Army.ca Fossil
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Good news: you can now access a Federal dental plan
Bad news: we won't approve the dental work you need
As federal dental care expands to cover most uninsured Canadians, providers say some procedures are being bogged down by paperwork and processing delays.
Health Canada says 52 per cent of requests for pre-authorized dental work between November 2024 and June 2025 have been rejected.
While the vast majority of claims don't need pre-authorization, it's required for more complex and often more expensive procedures, like crowns or partial dentures. Clinics must submit extra documentation like X-rays and dental charts to show the work is medically necessary before it can be covered and completed.
Bad news: we won't approve the dental work you need
Half of requests for complex dental work are being rejected under national insurance plan
Dental association says government dealing with 'avalanche' of submissions
As federal dental care expands to cover most uninsured Canadians, providers say some procedures are being bogged down by paperwork and processing delays.
Health Canada says 52 per cent of requests for pre-authorized dental work between November 2024 and June 2025 have been rejected.
While the vast majority of claims don't need pre-authorization, it's required for more complex and often more expensive procedures, like crowns or partial dentures. Clinics must submit extra documentation like X-rays and dental charts to show the work is medically necessary before it can be covered and completed.
I read through the whole article earlier. Sounds like some rollout/growing pains that are already being described as improving. Given how much sudden new demand there is, no surprise it’s taking supply some time to catch up, and for providers to get their heads wrapped around the processes for authorization on this new plan. I’d bet in six months or a year it’s running quite a bit more smoothly.Good news: you can now access a Federal dental plan
Bad news: we won't approve the dental work you need
Half of requests for complex dental work are being rejected under national insurance plan
Dental association says government dealing with 'avalanche' of submissions
As federal dental care expands to cover most uninsured Canadians, providers say some procedures are being bogged down by paperwork and processing delays.
Health Canada says 52 per cent of requests for pre-authorized dental work between November 2024 and June 2025 have been rejected.
While the vast majority of claims don't need pre-authorization, it's required for more complex and often more expensive procedures, like crowns or partial dentures. Clinics must submit extra documentation like X-rays and dental charts to show the work is medically necessary before it can be covered and completed.
PrairieFella
Army.ca Veteran
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Hence the slow and steady diversification. It broke today that the Port of Vancouver is looking for a builder to expand their capacity by 70%, mostly for trade with Asia. The sooner we build those networks, the sooner the Americans can't continue this economic terrorism.
Roberts Point Terminal 2. That’ll be quite a project. For those who’ll be designing it it must be really cool getting to ‘sim city’ a chunk of new land out of the ocean, and build a brand new container terminal from scratch using modern tech and best practices.
Halifax Tar
Army.ca Legend
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If the NDP want any chance at all at redeeming themselves, they need a new party leader...
Jagmeet sold out the entire country so he could collect his pension, and Canadians certainly took notice.
They can't hope to mount a roaring comeback with the same leader that led alienated voters so much they lost their party status.
Czech_pivo
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If he's a smart investor - realizing that Canada represents only 3% of the world stock market - around 50.
If you own the S&P 500 ETF, (symbol SPY), how many companies do you think you are invested in?
EDIT:
Didn't read the rest of the thread before commenting.
Why are people complaining about this? Its such a typical CDN thing to be bitching about, how many CDN companies someone is or is not invested in. I invest my money where I can legally make as much money as possible - and that is changing/evolving ALL the time. I'm sure ALOT of people on here were piling into Blackberry/Research in Motion) 20yrs ago, thinking that it was the best thing since sliced bread. Did you continue to hold the stock when Apple started to eat its breakfast, lunch AND dinner? Do you still hold it today? Companies change, investment holdings should change as well.
Buying and holding market/sector ETF's is the most prudent thing to do the vast vast majority in ordinary investors to do. Once you own the S&P 500, NASDAQ Index and Dow Jones Index, how many US listed stocks do you think you own - answer 630 -
If you buy the TSX 60, which comprises the TOP 60 CDN companies, how many CDN companies do you think you own? Answer 60.
So if you own 4 ETF's - Dow Jones, NASDAQ, S&P 500 and TSx60 - you own a total of 690 companies - of which just over 90% are US.
Average return on money over 10yrs
1) NASDAQ - 12.77%
2) S&P 500 - 12.56%
3) Dow Jones - 11.0%
4) TSX 60 - 8.6%
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I'm not sure why other people are complaining.
Personally I think it's bad optics. You're right people are going to invest where they will see the most return. It's hard to argue you're "invested in Canada" when less than 1% of your investments are in Canadian companies. Investing so little in Canada shows a lack of confidence in the Canadian economy. It's a complete lack of opportunity to champion innovation in Canadian firms and start up companies. It's not showing a belief in Canada's economic future. It appears to put American growth ahead of Canadian growth. He's not leading by example here.
It's also mixed messaging. The Prime Minister (and LPC) campaigned on reducing economic reliance on the US (and buying American). Having extensive investments in US companies undermines that message. It's a little hypocritical and definitely not in line with "Elbows up". Had this list been public prior to the election the Liberal messaging wouldn't have been as effective.
Symbolically, the head of the Canadian government is financially benefitting from the foreign corporations he's publicly criticizing and seeking to distance the country from. As if he's saying one thing in public and doing the opposite in private.
Lastly, having such a heavy personal investment in US companies raises concerns about divided priorities and loyalty, including procurement and trade policy. The space for conflicts of interest to arise should be obvious. Especially when it comes to making policies or decisions that could impact American companies.
daftandbarmy
Army.ca Fossil
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But think of the whales!
“Any industrial processes that put more noise into the water through increased shipping are going to affect the whales. Right now, we need a quiet space and quiet time for the whales, and it’s super important. We’re at 73 individuals.”
The federal approval came with 370 legally-binding conditions aimed at mitigating safety and environmental concerns.
Those include the installation of a safe fish passage infrastructure, developing habitat creation programs and creating a marine mammal detection response plan and noise restrictions.
Port of Vancouver seeks bidders for massive Roberts Bank terminal expansion - BC | Globalnews.ca
The Roberts Bank Terminal 2 (RBT2) project will add a new three-berth terminal to the existing port site in Delta, increasing the port's capacity by 50 per cent.
globalnews.ca
Czech_pivo
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Sorry, but if I had to choose earning a 12.7% average return over a 10yr period vs earning an 8.6%, I'll choose the 12.7% return every single time.
Ask yourself why does (did) the TSX under perform by 50% over those 10yrs?
1) Scenario A - 10,000$ at 12.7% return a yr over 10yrs = 32,635.73$ - NASADQ
2) Scenario B - 10,000$ at 8.6% return a yr over 10yrs = 22,819.09$ - TSX60
I 'lost' 10,000$ in choosing to invest in Canada vs the US in the above, real world scenario. Now do that with a 100,000$ RSP or TSFA investment. Do it over 20yrs instead of 10yrs.
When it comes to my money, I'm putting it, legally, wherever I can that allows me to make the MOST money possible. It's my money, not the Government of Canada's, not the Canadian people's money, its mine and I'll put it wherever I can to make the most of it.
I don't care if the PM does the exact same thing as me - in fact, if he/she didn't and they willing choose to make less money by only investing in Canada, I'd question their desire/sincerity to make Canada a better place to invest in or to make more money in. The goal should be to make Canada a much better place to place your money in for investment purposes than the US. Clearly in the 10yr real world example above its not, in fact your opportunity lost is 50%.
Remember the old saying, 'It's not personal, its just business'.
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Sure. That logic is probably why Carney has 530 US investments and 3 Canadian ones. I wouldn't argue investments with Carney anymore than I'd argue guns with KevB, law with Brihard, or handsome with Bruce. No one is denying he's a shrewd investor and businessman.
Lots of Canadians wouldn't.
I'm confident my points on bad opticsand mixed messaging are still valid as to why people may take issue with it.
Czech_pivo said:
Right up there with do as I say and not as I do.
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