The Canadian Technology Sector

The beauty of the Canadian market is two-fold. It's small and it doesn't possess the volatility that has been coined the "new normal" on Wall Street. No, in true Canadian form, even our market mirrors our culture. Conservative, lower risk, and passive.

The market is divided into 6 sectors:

1. Mining
2. Energy
3. Diversified Industries
4. Life Sciences 
5. Technology
6. Clean Technology 

I'm bullish on technology. Technology is the foundation of business and government. Nothing happens without it. It generates data for informed decision making, delivers results, and automates manual processes. Every entity I've ever been employed by has been starved for technological solutions and upgrades. Technology is the driver of innovation, progress, and problem solving. I believe the effective use of technology has the power to drive economic growth, business success, and at a more humane level, solve food shortages, and the destruction of our planet.

The technology sector in Canada is divided into 5 Subsectors:

1. Software
2. IT Consulting Services
3. Internet Software and Services
4. Hardware & Equipment
5. Communications Technology

For a full listing of Technology companies listed on the TSX and the TSX Venture Exchange, visit http://www.tmx.com/en/pdf/Technology_Sector_Sheet.pdf


3-Month TSX Capped Information Technology Candlestick Chart

Technology today performed worse than the S&P/TSX composite index S&P/TSX composite index  (1.46% vs -1.1% respectively)