Buffett is looking at Canada — what it means for your investments

The American stock market dwarfs all others, but perhaps we should pay more attention to its northerly neighbour. The legendary American investor Warren Buffett said this month that his conglomerate Berkshire Hathaway was considering making a big investment in a Canadian company.

Buffett has struggled to find appealing opportunities of late — so much so that Berkshire Hathaway has accumulated a $189 billion pile of cash. It needs to be put to work. Buffett’s investment vehicle already has a presence in Canada. It fully owns the energy infrastructure company Berkshire Hathaway Energy Canada. Buffett’s expected successor, Greg Abel, was born in Edmonton, Alberta.

“There’s a lot of countries we don’t understand at all. We do not feel uncomfortable in any way, shape or form, putting