Buyers have already poured in US$109 billion this year, lapping all of 2025 with months to spare
Assets in Canada's ETF industry climbed to a record US$730.31bn at the end of July, capping a 25.0 percent rise since the start of 2026.
The industry gathered US$15.94bn in net new money during the month, lifting year-to-date net inflows to a record US$109.26bn.
According to ETFGI's July 2026 Canada ETFs industry landscape insights report, that YTD figure nearly doubles the US$56.25bn collected over the same stretch of 2025, the previous high, and far exceeds the US$32.82bn recorded in 2024.
According to ETFGI, the July asset total beat the previous record of US$719.69bn set in May, with assets rising from US$584.47bn at the end of 2025.
The market has now posted net inflows for 49 consecutive months.
RBC iShares held its position as the country's largest ETF provider at the end of July with US$200.87bn in assets, or 27.5 percent of the industry.
BMO Asset Management ranked second at US$136.91bn and an 18.7 percent share, followed by Vanguard with US$122.28bn and 16.7 percent.
The three largest firms controlled 63.0 percent of total industry assets, leaving each of the remaining 50 providers with less than 7 percent.
Equity ETFs drew the bulk of July's flows at US$7.43bn, pushing their YTD total to US$52.67bn, well ahead of the US$19.90bn gathered by the same point in 2025.
Fixed income ETFs took in US$1.14bn during the month for a YTD tally of US$12.43bn, ETFGI reported, up from US$7.29bn a year earlier.
Active ETFs added US$6.88bn in July, according to the report, bringing YTD inflows to US$40.90bn against US$27.25bn over the same period last year.
Crypto ETFs attracted US$8.61m in July, lifting their YTD total to US$303.80m, though that trailed the US$444.85m collected by the end of July 2025.
The 20 best-selling ETFs by net new assets pulled in US$7.12bn between them in July, ETFGI reported, led by the iShares Core Equity ETF Portfolio (XEQT CN), which alone gathered US$803.83m.
The iShares S&P/TSX 60 Index Fund (XIU CN) and the iShares Core S&P/TSX Capped Composite Index ETF (XIC CN) followed with US$717m and US$711m respectively.
Canada's ETF market ended July with 1,646 products, 2,051 listings, and 53 providers across two exchanges.
Issuers have launched 189 new ETFs so far this year, the firm reported, while 17 have closed, with 37 providers bringing products to market.
Canadian ETF assets have compounded at 24.1 percent a year over the past decade, ETFGI's data showed, and the 25.0 percent gain logged so far in 2026 already exceeds that long-run pace.
Global markets offered a mixed backdrop for the month.
Deborah Fuhr, managing partner, founder, and owner of ETFGI, said the S&P 500 slipped 0.06 percent in July but held a 10.14 percent gain for the year.
Developed markets outside the US rose 0.30 percent in July and 14.62 percent year-to-date, she said, led by Luxembourg at 12.10 percent and Norway at 9.93 percent, while emerging markets fell 0.33 percent in the month yet stayed up 9.40 percent for the year, with Taiwan down 7.80 percent and Turkey down 5.91 percent.
