Warren Buffett’s Berkshire Hathaway mulls major new investment in Canada

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Greg Abel, who is vice-chair of Hathaway’s non-insurance operations, is a Canadian who is widely seen to be Warren Buffett’s successor in the executive suite and eventually become the company’s chair

Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's Countdown to the Closing Bell, on May 7, 2018, in Omaha, Neb.The U.S. conglomerate holding company, whose top shareholder is the 93-year-old billionaire, held its annual meeting on Saturday, live-streamed from a packed arena in Omaha, Neb.

The Oracle of Omaha heaped praised on Canada. “We do not feel uncomfortable in any way, shape or form, putting our money into Canada,” Mr. Buffett said. “It goes across many of our operating entities and then, as Warren touched on, all the businesses that we have a piece of that we’re invested in are up in Canada. So the presence is significant,” Mr. Abel said during the meeting. “We’re always looking at making incremental investments there because it’s an environment we’re very comfortable with.”

 

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