Canada’s mutual fund industry has grown significantly over the past two decades. This research examines the economic contribution the industry makes today.
Making Dollars and Sense of Canada’s Mutual Fund Industry: An Economic Impact Analysis
Making Dollars and Sense of Canada’s Mutual Fund Industry: An Economic Impact Analysis
Canadian Economic Analysis
Industry Economic Analysis
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Canada’s mutual fund industry plays an important role in the economy, with assets under management of about $920 billion. This briefing describes Conference Board research that asked: What is the mutual fund industry’s total contribution to the economy? The analysis went beyond assessing direct impacts to quantify the substantial supply chain and induced impacts.
The analysis found that in 2012 the mutual fund industry directly contributed $5.8 billion to Canada’s economy and directly employed over 63,000 full-time workers. However, when supply chain and induced impacts are included, the impact roughly tripled: to $17 billion and 192,600 jobs, respectively. The briefing also notes the industry’s contribution to primary household income, corporate profits, and government revenues.
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