Jewels of Canadian Manufacturing

This neglected sector should not be ignored – and might provide some outsized gains

Yan Barcelo 19 February, 2021 | 12:21AM

Manufacturing

Manufacturing is not a big part of the S&P/TSX index. The difficulty is compounded by the fact that ‘manufacturing’ does not stand on its own as a sector.

Where are these companies, then? You might assume manufacturers would fall under ‘industrial products and subservices’, but this sector also includes Finning (a Caterpillar machinery reseller), Canadian National Railway and Ritchie Bros. Auctioneers. At the same time, you might find manufacturers in other subsectors like clean technology, consumer products and services, life sciences and technology.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Aritzia Inc31.60 CAD1.28
BRP Inc91.87 USD0.31
Canfor Pulp Products Inc9.19 CAD3.84
Dorel Industries Inc12.57 CAD-1.02
Linamar Corp74.23 CAD0.76
Magna International Inc Class A119.40 CAD-0.35

About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.

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