Mr. Speaker, as a recovering banker, you will forgive me if I relapse for a moment. I want to recognize the Canadian ETF Association and the profound impact exchange-traded funds have had on investors globally.
Canada gave the world one of its most important financial innovations: the exchange-traded fund. Born on the Toronto Stock Exchange, ETFs have fundamentally transformed how investors access capital markets by making investing more transparent, efficient and affordable. Today, ETFs employ 15,500 Canadians and manage more than $802 billion in assets. ETFs direct capital into Canadian businesses and infrastructure. They strengthen our capital markets and ensure that Canadians can build wealth with confidence. If we want to remain a global leader in financial innovation, we must continue to stay ahead of the Americans and others.
I want to thank Prerna Matthews, Alex Perel, Eli Yufest and the Canadian ETF Association for their great work.