Quebec’s Mutual Fund Industry: Assessing the Economic Footprint

The Conference Board of Canada, 34 pages, June 3, 2015
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This report looks at the growth of the funds industry in Quebec and its contribution to the Quebec economy.

Document Highlights

Over the past decade, the funds industry in Quebec has grown much faster than has the overall economy. Two factors—a shift toward defined contribution pension plans and the aging of the baby boomers—are largely responsible. The funds industry employed more than 9,000 Quebecers in 2013 and directly pumped an estimated $861 million into the Quebec economy. Add in the indirect impacts, and those numbers more than double.

This report looks at the overall contribution of the funds industry to the Quebec economy, and it concludes that the industry—and its benefits—will continue to grow in the coming years.

Table of Contents

Executive Summary

Assessing the Economic Footprint

  • Introduction
  • The Quebec Funds Industry
  • Methodology
  • Results
  • Conclusion

Appendix A—The Conference Board’s Provincial Forecasting Model

  • The PMTFM Database

Appendix B—Detailed Economic Footprint Results

Appendix C—Bibliography

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