What Are Blue Chip Stocks Canada

A blue chip stock is generally a component of the most reputable market indexes or averages such as the dow jones industrial average the standard poor s s p 500 and the nasdaq 100 in the.

What are blue chip stocks canada. 1577 companies from canada europe the united states and other countries are represented on the exchange. Blue chip stocks are often the backbone of an investors portfolio and are held for the long term. Firms boasting pasts every bit as colourful as any novel and interwoven with politics and history. You re likely familiar with many blue chip companies without realizing it.

These companies tend to be household names in their industries. Tsx formerly tse is the largest stock exchange in canada. New investors looking to learn how to invest in stocks should make high quality blue chip stocks their primary focus. What is blue chip stock.

Td bank canadian national railway suncor and loblaw. Their products and services. A blue chip stock is usually an older well established company that has a reliable history of weathering against tough times and of growing profits. A blue chip stock has the following characteristics.

The company will often have products that are well known to everyone and established within the household. The company is a leader in both market capitalization within its sector its country and in its business segment. Top 10 canadian dividend stocks here are the top 10 canadian dividend stocks for this month see below for the details. They provide long term stability and usually but not always like i stated above an excellent dividend.

The majority of canadian blue chip stocks is quoted on toronto stock exchange tsx. Blue chip stocks often represent companies residing at the core of canadian and global business. Buying canadian stocks particularly well known canadian blue chip stocks is a relatively easy pitch to u s. Some of the companies are strong blue chip stocks while others are smaller companies with growth or just simply beaten down.

These types of companies usually pay stable or rising dividends for many years and some pay for decades. According to investopedia blue chip company means larger well established company with great financial records and market leader in its sector. The sector that is mainly represented on the tsx is the mining and oil gas.