Abstract
The article characterizes institutional structure of Canadian investment manage ment sector, analyses the latter's development trends, describes investment manage ment operations of Canadian banks, insurance companies and specialized firms in Canada and abroad, and assesses legislative reforms in this field. It is underlined that Canadian investment management companies, both inde pendent and owned by banks and insurance companies, control assets, which are val ued at trillions of dollars and which are influencing wellbeing of millions of consum ers. This in its own right stipulates significant influence of the investment manage ment sector on the country's financial system and economy in general. Besides, there is an increasingly popular opinion in Canadian business circles and in the official Ottawa that the future of the country's economy is more dependent on the development of the services sector rather than on the manufacturing sector. Ex ports of services and specifically of investment management services are becoming a more and more important element of Canadian exports in general. In this context, Canada's bet on the services sector and especially on the financial sector as drivers of future economic development of the country and of its export potential will to a sig nificant extent determine Canadian foreign and trade policies, including in relation to bilateral and multilateral trade and investment agreements.
Keywords
Canada, investment management, mutual funds, exchange traded funds, ETF