From CNBC: 2024-05-04 12:16:25

Warren Buffett considers investment in Canada, expressing confidence in the country’s economy. He previously invested $300 million in Home Capital Group. Buffett suggests a potential investment in Canada as he sees similarities in operations between Canada and the U.S. Berkshire Hathaway shareholder meeting is exclusively broadcast on CNBC.

Buffett did not disclose the specific Canadian company he’s eyeing for investment, but hinted at potential benefits. Canada’s S&P/TSX Composite Index is up 5% this year. Buffett believes Berkshire Hathaway could bring value to Canada’s economy and looks for opportunities in the country’s market. Meeting with shareholders in Omaha, Nebraska, Buffett remains optimistic about Canada.

Read more: Warren Buffett says Berkshire Hathaway is looking at an investment in Canada