QCN: A Low-Cost Way to Tap into Canada's Booming Equity Market

The Canadian equity market has been on a roll, and one way to tap into this momentum is through the Mackenzie Canadian Equity Index ETF (TSX: QCN). This low-cost ETF offers investors a comprehensive stake in the Canadian market, which has become one of the more interesting equity stories of 2026.

The fund tracks the Solactive Canada Broad Market Index, giving it broad exposure to the Canadian equities market. Its sector profile mirrors the market as a whole, with financials commanding the largest weight at around a third, followed by materials and energy.

Energy strength and trade risk are currently pulling the Canadian market in opposite directions. A Middle East escalation drove crude oil sharply higher heading into September, supporting the Canadian market's substantial energy weighting. Meanwhile, negotiations between Ottawa and Washington have broken down, with steep tariffs and counter-tariffs adding a headwind to growth.

Investors should keep an eye on oil and gold prices, as well as the evolution of the tariff dispute. The Bank of Canada's late-October decision will also be closely watched, particularly in light of softening jobs data.