ZMMK
BMO MONEY MARKET FUND
stock TSE

Do you know what your actual monthly living expenses are?
(if you don’t, you really should figure that out).
Set aside enough money to cover six months of your actual living expenses. This is your emergency fund, and you can hold this in a risk free vehicle like ZMMK, ZST, or CASH.TO.
And then for the money that is your long-term investable cash, I suggest putting 25% of that in Canadian equities, like the XIU ETF.
There are lots of academic papers, which show that for Canadians, having a 25% home bias is advantageous. (you can Google “Ben Felix home bias” for a discussion of this).
Or if you want to be fully globally diversified, just put all of your investable money into XEQT.
It is designed to be the only thing you ever need to own.

Do you know what your actual monthly living expenses are?
(if you don’t, you really should figure that out).
Set aside enough money to cover six months of your actual living expenses. This is your emergency fund, and you can hold this in a risk free vehicle like ZMMK, ZST, or CASH.TO.
And then for the money that is your long-term investable cash, I suggest putting 25% of that in Canadian equities, like the XIU ETF.
There are lots of academic papers, which show that for Canadians, having a 25% home bias is advantageous. (you can Google “Ben Felix home bias” for a discussion of this).
Or if you want to be fully globally diversified, just put all of your investable money into XEQT.
It is designed to be the only thing you ever need to own.