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MarketBeat

Jessica Mitacek

This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason

QQQ ETF IGM Canada Shopify Celestica SHOP America CLS NYSE

When thinking about America’s neighbors in the Great White North, maple syrup, hockey, and poutine routinely come to mind. However, Canada's robust and highly sophisticated tech sector may deserve more attention.

While American tech stocks still dominate the financial news cycle and the majority of tech-indexed exchange-traded funds (ETFs), Canada’s tech sector accounts for nearly 6% of its total GDP while employing 2.2 million professionals in the country, with notable hubs in Toronto, Montreal, Ottawa, Waterloo, Calgary, and Vancouver.

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