If Canadian investors thought 2022 was rocky, 2023 isn’t likely to be calmer.
Economists continue to warn that a recession could hit this year. And while it’s likely to be a mild one, according to analysts such as Sal D’Angelo, head of product for Vanguard Canada, it’s certainly causing some Canadians to panic about their investments.
That’s why analysts such as D’Angelo recommend going back to basics ahead of a recession, especially when it comes to exchange-traded funds (ETF).
Since becoming available in 2011, Canadian investors looking to gain access to the market have opted for ETFs. They’ve allowed investors to build low-cost portfolios diversified in both assets and countries.
According to a January 2023 survey, Canadians collectively invested $35 billion in ETFs in 2022. In total, there are now $314 billion in ETFs.
We’ve gathered a list of ETFs to consider ahead of a looming recession, mild or not. If you make a move, make sure to use a trading platform with low fees.
These ETFs are designated for Canadian investors at different stages of life, whether you are kicking off your career or nearing retirement.