Global X Launches Six Leveraged Single-Stock ETFs in Canada

Global X Canada has launched six PowerStock ETFs on the Toronto Stock Exchange, offering Canadian investors 1.33x exposure to individual stocks without requiring a margin account. The lineup targets Alphabet (GOOP), Amazon (AMZP), Apple (AAPP), NVIDIA (NVDP), SpaceX (SPCP) and Tesla (TSLP), providing approximately $133 in stock exposure for every $100 invested. Unlike traditional leveraged ETFs that reset daily, the PowerStock funds use modest leverage without daily resets, targeting longer-term capital appreciation. All six ETFs are Canadian dollar-denominated and currency-hedged, with management fees of 0.15% plus applicable taxes. The products are also accessible through registered accounts such as TFSAs and RRSPs. The launch builds on Global X's existing lineup of 20 enhanced ETFs, which collectively manage approximately C$1.3 billion in assets.