Big Blue Chips Down Under
Australia and Canada have quite a few things in common. Notably both countries originated from British colonies, and share a similar parliamentary and legal system based on British Common Law. Both countries also share a similar GDP (Gross Domestic Product). From an investing point of view, the similarities are even more striking, with both countries being heavily dependent on resource economies. Both countries also share a similar exchange heavily weighted on financials (banks) and materials (mining stocks). Australia has a higher weighting towards mining companies, whereas Canada has an emphasis on oil and gas producers. So why invest in Australian …