When is it worth buying a U.S.-listed ETF over a Canadian one?

Canada’s exchange-traded fund (ETF) industry recently crossed a major milestone. By the end of June 2026, Canadian-listed ETFs collectively held more than $1 trillion in assets under management (AUM), spread across more than 2,000 available products. That growth is impressive, but the Canadian market remains much smaller than its U.S. counterpart. Canada technically launched the world’s first exchange-traded fund ahead of the United States, yet the U.S. industry has since grown to a