Nine Ways to Invest in Canadian Technology

There are a several publicly traded technology companies in Canada, including a couple of well known-names. Canada isn't just the home of oil and mining stocks, it has plenty of tech, life sciences, and many other industries.

All of the following companies are based in Canada, have market caps over $325 million, and trade either on the New York Stock Exchange or NASDAQ.

Research in Motion Limited (RIMM) is the Waterloo, Ontario-based company that was the developer of the BlackBerry. It was named one of Canada's Top 100 Employers according to Maclean's Magazine. The stock has a P/E of 59, and a PEG of 1.01.

Nortel Networks Corporation (NT) is a Toronto-based multinational telecommunications and networking equipment manufacturer. The stock has a forward P/E of 8.5, and a PEG of 2.29.

CAE Inc. (CGT) this Quebec-based company, originally known as Canadian Aviation Electronics, is a major flight simulator company which sells to airlines, aircraft manufacturers, and defense. The stock has a P/E of 22, and a yield of 0.30%.

CGI Group Inc. (GIB) is a Quebec City-based company involved in the business of information technology management and business process services. The stock has a P/E of 17, and a PEG of 1.17.

Open Text Corporation (OTEX) is an Ontario-based company in the business of Enterprise Content Management solutions. The stock has a P/E of 55, and a PEG of 0.91.

Celestica Inc. (CLS) is an Ontario-based electronics manufacturer in the areas of communications, computing, consumer, industrial, aerospace, and defense. The stock has a P/E of 41, and a PEG of 0.74.

Ballard Power Systems Inc. (BLDP) is a British Columbia-based manufacturer of hydrogen fuel cells for materials handling, cogeneration, and back-up power. The stock has a P/E of 12.

Sierra Wireless Inc. (SWIR) is a British Columbia-based manufacturer and marketer of wireless modems and wide area wireless networks. The stock has a P/E of 14, and a PEG of 0.47.

SXC Health Solutions Corp. (SXCI) is an Ontario pharmacy benefit management services and healthcare information technology solutions company. The stock has a P/E of 27, and a PEG of 1.42.

Don't forget to check out Canadian Income Trusts and Canadian bank stocks and Canadian oil royalty trusts.

Disclosure: The author does not own any of the above.

Comments

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