How to Buy PCL Construction Stock in Canada [2024]

Summary: For those wonder how to buy PCL Construction stock in Canada, the company isn’t public, so the general public can’t invest in it directly. However, we’ll introduce alternative options that allow indirect exposure to the PCL Construction and explain how you can acquire those investments via an online brokerage platform like Interactive Brokers.

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About PCL Construction

PCL Construction’s homepage. Source: pcl.com

PCL Construction is a conglomerate of independent construction companies engaged in projects across Canada, the United States, the Caribbean, and Australia.

PCL is 100% employee-owned. As a result, PCL Construction shares are not available for the investing public. Still, potential investors can look for indirect investment options, which we will overview in the next section.

How to buy PCL Construction stock? Step-by-step process

Keep reading as we lay out a step-by-step guide to indirectly investing in PCL Construction and provide our pick for an online you may want to consider.

Step 1: Research the market and choose a company to invest in

As a private company, you cannot directly buy shares of PCL Construction.

However, there are various options for investing in the construction industry if you are interested in gaining exposure similar to what you might find with PCL Construction, such as:

Investing in construction companies: Look for well-established construction companies that are publicly traded in the regions where PCL operates, such as Canada and the United States. For example, companies such as Bird Construction (TSX: BDT), SNC-Lavalin Group Inc (TSX: SNC), Aecon Group Inc (TSX: ARE), and Fluor Corporation (NYSE: FLR) may offer similar exposure;
Diversify with construction-related ETFs: Consider exchange-traded funds (ETFs) that focus on the construction industry or related sectors like infrastructure, such as SPDR S&P Homebuilders ETF (NYSE: XHB) and iShares Global Infrastructure ETF (NASDAQ: IGF). These funds can provide diversified exposure to construction without needing to pick individual stocks;
Investigate suppliers and partners: Another approach is to invest in companies that supply materials to the construction industry or are otherwise linked to construction activity. This could include companies involved in cement, steel, machinery, and more.

Consider ESG Factors

If social responsibility is a consideration for you, you may also want to explore companies with strong environmental, social, and governance (ESG) practices, as these factors can sometimes align with long-term profitability and risk management.

Step 2: Choose a broker

To purchase your chosen stock or ETF, you need to create an account with a brokerage. When assessing brokers, consider these factors:

Product listings: Verify that the broker provides access to your chosen asset as well as any other investment instruments that interest you, such as bonds, commodities, cryptocurrencies, or currencies, as well as more complex derivative financial instruments like options, CFDs, and futures;
Pricing: Look for a broker that offers commission-free stock trading;
Regulation and security: Ensure the broker is regulated by the relevant regulatory bodies and that they have implemented appropriate measures to protect your data and funds;
Fractional shares: Fractional shares allow investors to purchase stocks or ETFs by the dollar amount, which is particularly useful for investors with limited capital or those intending to implement a dollar-cost averaging (DCA) strategy.

For a secure and quick investment in the construction industry, we recommend Interactive Brokers (IBKR), which offers:

Commission-free stock and ETF trading;
Trade stocks on 90+ market centers;
Fractional stock trading;
Earn extra income on fully paid shares;
Lowest financing rates for margin accounts in the industry;
No account minimum.

Best Platform for Worldwide Stock Trading & Investing

Highly trusted multi-asset broker with clients in over 200 countries
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
Low commissions starting at $0 with no platform fees or account minimums
Easily fund your account and trade assets in 26 currencies
IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

Step 3: Open and fund your account

Once you’ve chosen a broker that suits your investment goals and needs, you can open an account with them. After you have been verified, you can go ahead and fund your account.

Choose a payment method that best suits your needs. Common options include bank transfers, debit or credit cards, or third-party payment services like PayPal (PYPL).

With your account funded, you are ready to begin investing.

Step 4: Place your order

Once you’ve determined how much you want to invest, you can place your order by following these four steps:

Step 1: Search for the stock or ETF you want to invest in by using its ticker symbol;
Step 2: Decide between a market order or a limit order;
Step 3: Decide the number of shares or dollar amount you want to buy;
Step 4: Review all the details before placing the order to confirm their accuracy. Once you’re satisfied, submit the order to your broker for execution.

Step 5: Monitor your investment

Periodically reassess your investment in the company or fund to ensure you’re on track to reach your financial goals but avoid making impulsive decisions based on short-term market volatility.

Mistakes to avoid when investing in the stock market

Investing in the stock market can be rewarding, but also comes with its fair share of risks. Here are some common investing mistakes that investors should avoid:

Lack of research: Investing without thorough research or understanding of the company, industry, or broader market trends can lead to poor investment decisions;
Putting all your eggs in one basket: Lack of diversification can expose you to unnecessary risk;
Chasing trends: Jumping on the latest investment trend without understanding the underlying value or potential can lead to losses if that trend suddenly reverses;
Investing with emotion: Emotional decisions, like panic selling in a downturn or greedily buying in a rapid upturn, often lead to poor timing and losses;
Ignoring costs: Neglecting the impact of fees, commissions, and taxes on your investments can eat into your returns over time;
Lack of a clear strategy: Investing without a clear plan or long-term strategy can lead to inconsistent and poor returns;
Short-term focus: Focusing solely on short-term gains and ignoring long-term growth and stability can lead to a volatile and less resilient portfolio;
Failing to review and adjust: The market and your financial situation will change, so regular review and potential portfolio adjustments are necessary to stay aligned with your goals;
Overindulging in leverage: Trading on margin increases the potential for both gains and losses, and it can be extremely risky for inexperienced investors.

In conclusion

In short, to indirectly invest in PCL Construction, follow these five steps:

Select an investment;
Choose a broker;
Sign up and deposit funds;
Buy shares of your chosen stock or ETF with exposure to PCL Construction or the construction industry;
Periodically review your position.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy PCL Construction stock

Is PCL Construction publicly traded?

PCL Construction is a privately held company and is not publicly listed on any exchange.