The S&P/TSX Composite Index (TSX Index) is a stock market index that tracks the performance of the largest companies listed on the Toronto Stock Exchange (TSX). It is a widely followed benchmark for the Canadian equity market and is often used as a barometer of the overall health of the Canadian economy.
There are several ways to buy the TSX Index. One option is to buy an exchange-traded fund (ETF) that tracks the index. ETFs are baskets of securities that trade on exchanges just like stocks. Some popular TSX Index ETFs include the iShares Core S&P/TSX Capped Composite Index ETF (XIC) and the Vanguard FTSE Canada All Cap Index ETF (VCN).