Canada’s ETF Market News Recap Week #41: New Income Plays, Fee Cuts, and Leveraged Moves
New ETFs. Lower fees. Bigger ideas. Here’s what shook up Canada’s ETF market last week.
It was another active week for the Canadian ETF industry, with issuers expanding product lines, trimming costs, and setting the stage for the next wave of innovation. From enhanced income products to target maturity bonds and leveraged strategies, here’s what moved the market last week.
Launches
Harvest Launches Four U.S. Enhanced High Income Shares ETFs
Harvest ETFs expanded its U.S. Enhanced High Income Shares™ suite with four new single-stock ETFs designed to combine growth and monthly income.
Each fund applies a covered call strategy on up to half of its holdings and uses 25% leverage to enhance potential returns. The actively managed ETFs charge a 0.40% management fee, extending Harvest’s growing presence in the income-focused space.
CI Launches Target Maturity Investment Grade Bond ETFs
CI Global Asset Management rolled out three new bond ETFs under its Target Maturity lineup: CTMA, CTMB, and CTMC.
These funds invest in Canadian investment-grade corporate bonds maturing in 2028, 2029, and 2030. With management fees of just 0.15%, the ETFs are designed to offer predictable cash flow and defined maturity timelines, making them an appealing choice for investors seeking laddered bond exposure.
Each fund is expected to terminate around November 30 of its respective maturity year.
Updates
Global X Permanently Lowers Fees on CNDX and QQQX ETFs
Global X has announced permanent management fee reductions for two flagship ETFs. CNDX will drop from 0.13% to 0.09% starting Jan 1, 2026, after a temporary 0% fee period. QQQX/QQQX.U sees an immediate fee cut from 0.25% to 0.15%, making it Canada’s lowest-cost Nasdaq-100 ETF.
Filings
LongPoint Files for 2x and -2x Canadian Single-Stock ETFs
LongPoint ETFs entered the leverage arena with filings for ten new single-stock ETFs offering 2x and -2x exposure to leading Canadian names. The “SavvyLong” series will provide 2x daily performance on stocks like Shopify, Royal Bank of Canada, and Barrick Gold, while the “SavvyShort” series will offer -2x daily inverse exposure, starting with Shopify. Each fund will charge a 1.25% management fee and seek to deliver daily—not long-term—magnified returns.
Fidelity Files to Launch ETF Series for Five Mutual Funds
Fidelity Investments Canada is preparing to convert five of its mutual fund strategies into ETF Series units. The lineup includes global income, balanced, growth, small-mid cap equity, and multi-alternative equity mandates. With management fees ranging from 0.70% to 1.10%, these ETFs will provide investors broader access to Fidelity’s multi-asset and actively managed solutions within the ETF structure.
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
