Money Management Matters: Assessing the Economic Footprint of Ontario’s Funds Industry

Ontario’s funds industry plays a valuable role in the province’s economy—one that continues to grow in importance. The research for this report was conducted to estimate the economic footprint of Ontario’s funds industry, defined as mutual funds and exchange-traded funds. The funds industry in Ontario has grown significantly over the past decade, and the research provides estimates of its direct economic impact, as well as the supply chain and induced impacts tied to the industry. The research pulled together data from Statistics Canada and Investor Economics. It also utilized The Conference Board of Canada’s proprietary model of the Ontario economy to estimate the funds industry’s total economic footprint in Ontario, including its impacts on key economic indicators such as income, profits, and taxes.