Stock price when the opinion was issued
An ETF to buy? There are so many ETFs, so it depends what you're looking for. XIU offers growth and income for retirees. This is a core holding for any investors. There's also a BMO utilities ETF offering a yield and upside. Also, a Canadian bank ETF from any vendor will give you income and growth, like ZWB-T. An ETF reduces volatility vs. owning individual stocks.
XIU-T vs. individual shares. The TSX index is mostly financial and resources. He does not believe you should buy this weighting as you will be short on everything except financial and resources.