Horizons Equal Weight Canada Banks Index ETF

HEWB-T

The Canadian banks have performed poorly most of this year, but have since a sharp uptick this month. Seasonality begins Oct. 10.

Which Canadian financials ETF to buy? Do you want income or equal weight? Defer capital gains? FIE-T pays a monthly income and include preferred shares, corporate bonds and banks stocks, so it's diversified. If you don't want this income and prefer exposure and a total return swap and defer the taxation, then he suggests HWEB-T. You don't get dividends, so it's a great way to defer capital gains. But do you want to pay an MER to hold the big 6 Canadian banks?