‘Buy Canada’ Extends to Equity ETFs With Biggest Flow Since 2021

Investors poured money into exchange-traded funds focused on Canadian equities last week at a rate not seen in four years.

ETFs holding primarily Canadian stocks saw net inflows of C$2.5 billion ($1.8 billion) between April 7 and 11, the most since May 2021, data compiled by Bloomberg show. The surge comes after US President Donald Trump’s April 2 announcement of so-called reciprocal tariffs on 185 countries and territories.

Canada was spared those tariffs, but is subject to levies on autos, steel, aluminum and products that don’t comply with the North American trade deal.

Canadian investors, who tend to be ...