OMAHA, Neb. â Warren Buffett said that Berkshire Hathaway is looking into an investment quanto a Canada.
“We do not feel uncomfortable quanto a any shape ora form putting our money into Canada,” he told an arenile full of investors Saturday. “A causa di fact, we’sire actually looking at one thing now.”
The billionaire investor has placed bets quanto a the country quanto a the past. He’s previously taken a roughly $300 million position quanto a Home Capital Group that investors took as a vote of confidence quanto a the troubled Canadian mortgage underwriter.
The “Oracle of Omaha” said during the annual shareholder incontro that he does not expect to make significant bets outside the U.S., saying his recent investments quanto a Japanese trading houses were a compelling exception. But Buffett noted the similarity quanto a operations between the Canada and the U.S.
“There’s a lot of countries we don’t understand at all,” Buffett said. “So, Canada, it’s terrific when you’ve got a major economy, not the size of the U.S., but a major economy that you feel confident about operating there.”
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual incontro quanto a Omaha, Nebraska May 3rd, 2024.
David A. Grogen | CNBC
Buffett did not reveal the specific company he’s looking at north of the border ora whether it was public ora private.
“Obviously, there aren’t as many leader companies up there as there are quanto a the United States,” Buffett said. “There are things we actually can do fairly well that Canada could benefit from Berkshire’s participation.”
Canada’s S&P/TSX Composite Index is up about 5% this year. The economy has large financial and commodity industries.
The Berkshire Hathaway shareholder incontro is exclusively broadcast CNBC and livestreamed on CNBC.com.
