2026 Canadian Active ETF Report

Canada’s active ETF market is expanding at a rapid pace. Assets reached CAD 311.1 billion in May 2026, up 54% over the past year and more than triple their level at the end of 2022. This report explores the key forces driving that growth, from the rise of low-cost target risk funds to the emergence of dominant players reshaping the industry.

Whether you're an asset manager, financial adviser, or investor, this report provides actionable insights into the evolution of active ETFs, their cost dynamics, and the concentrated nature of the market.