Dirt Cheap Access to Canadian Stocks

A big part of building wealth involves controlling what you can control. After all, there are so many things outside of your control that affect your ability to build wealth – promotions, unexpected illness and investment returns.

With respect to your investments, cost is one of the big controllable factors. And that one factor can have a large influence over the long term accumulation of wealth.

Luckily, today we have many inexpensive ways to get exposure to the markets.

The following list shows some of the cheapest ETFs that provide exposure to the Canadian equity market. The ETF name is followed by its ticker symbol, management fee and primary objective.

Horizons S&P/TSX 60 Index ETF (HXT) – 0.03%

Horizons HXT seeks to replicate, to the extent possible, the performance of the S&P/TSX 60™ Index (Total Return), net of expenses. The S&P/TSX 60™ Index (Total Return) is designed to measure the performance of the large-cap market segment of the Canadian equity market.

iShares Core S&P/TSX Capped Composite Index ETF (XIC) – 0.05%

The ETF seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Composite Index (the “Index”), net of expenses. Under normal market conditions, the ETF will primarily invest in Canadian equity securities. The Index is comprised of a selection of the largest (by market capitalization) and most liquid securities listed on the Toronto Stock Exchange, selected by S&P Dow Jones Indices LLC using its industrial classifications and guidelines for evaluating issuer capitalization and liquidity.

BMO S&P/TSX Capped Composite Index ETF (ZCN) – 0.05%

The BMO S&P/TSX Capped Composite Index ETF has been designed to replicate, to the extent possible, the performance of the S&P/TSX Capped Composite Index (Index), net of expenses. The ETF invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.

Vanguard FTSE Canada All Cap Index ETF (VCN) – 0.05%

The fund seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian equity index that measures the investment return of large-, mid- and small-capitalization, publicly traded securities in the Canadian market. Currently, this Vanguard ETF seeks to track the FTSE Canada All Cap Index (or any successor thereto). It invests primarily in large-, mid- and small-capitalization Canadian stocks.

Vanguard FTSE Canada Index ETF (VCE) – 0.05%

The fund seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian equity index that measures the investment return of publicly traded securities in the Canadian market. Currently, this Vanguard ETF seeks to track the FTSE Canada Index (or any successor thereto). It invests primarily in the largest Canadian stocks.

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