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BlackRock, Banks Dominate Canada ETF Sales in Record $41 Billion Year

BlackRock Headquarters Ahead Of Earnings Figures
Photographer: Jeenah Moon/Bloomberg

Exchange-traded fund providers enjoyed a record year in Canada, with BlackRock Inc., Vanguard Group Inc. and two of the country’s largest banks dominating the chase for investors’ money in 2021.  

Total inflows came in at C$52.5 billion ($41.3 billion) for the year, a 27% increase from a year earlier, as retail and institutional investors continue to turn to ETFs for “tactical and strategic” reasons, National Bank Financial analyst Daniel Straus said in a report.