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Actually, there are several ETFs with which investors can gain exposure to Canadian banks, a group of banks that are significantly less controversial than their U.S. counterparts.

While the iShares MSCI Canada Index Fund (NYSE: EWC [FREE Stock Trend Analysis]), the largest Canada ETF and one that is heavily allocated to bank stocks at over 33% of the fund's weight, has lagged the performance of the SPDR S&P 500 (NYSE: SPY) year-to-date and over the past month, some Canadian banks have been sturdy compared to their U.S. rivals.

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