Variant of NAICS 1997 - Labour Force Survey (LFS) Industries

This sector comprises establishments primarily engaged in financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions. Included are:

* establishments that are primarily engaged in financial intermediation. They raise funds by taking deposits and/or issuing securities, and, in the process, incur liabilities, which they use to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk.

* establishments that are primarily engaged in the pooling of risk by underwriting annuities and insurance. They collect fees (insurance premiums or annuity considerations), build up reserves, invest those reserves and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

* establishments that are primarily engaged in providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs.

In addition, establishments charged with monetary control - the monetary authorities - are included in this sector.

526 - Funds and Other Financial Vehicles

This subsector comprises funds, trusts and other financial vehicles organized to hold portfolio assets for the benefit of others, such as unit holders, beneficiaries of pension funds, and investors. These entities earn interest, dividends and other property income, but have little or no employment and no revenue from the sale of services.

5269 - Other Funds and Financial Vehicles

This group comprises portfolios of specialized or diversified securities and other investments held on behalf of unit holders, shareholders or investors.

Exclusion(s):
- pension funds (See 52611 Pension Funds)

52691 - Open-End Investment Funds

This class comprises funds primarily engaged in investing in a specialized (except real estate) or a diversified portfolio of securities and other investments on behalf of their shareholders/unit holders. Shares are offered in an initial public offering, after which additional shares are offered continuously. Shares are redeemed at the market price, as determined by the net asset value.

526911 - Equity Funds - Canadian

This Canadian class comprises funds primarily engaged in investing in common shares of Canadian companies with the objective being investment appreciation or growth.

Example Activities:
- Equity funds, Canadian

526912 - Equity Funds - Foreign

This Canadian class comprises funds primarily engaged in investing common shares of foreign companies with the objective being investment appreciation or growth.

Example Activities:
- Equity funds, foreign

526913 - Mortgage Funds

This Canadian class comprises funds primarily engaged in investing in mortgages on property with the objective being interest income.

Example Activities:
- Mortgage funds

526914 - Money Market Funds

This Canadian class comprises funds primarily engaged in investing in money market instruments, short term investments, such as treasury bills, government or government guaranteed debt, or commercial paper with the objective being income from the change in short term interest rates. The investment may be in Canadian or foreign instruments.

Example Activities:
- Money market funds

526915 - Bond and Income / Dividend Funds - Canadian

This Canadian class comprises funds primarily engaged in investing in a portfolio of Canadian debt issues or preferred and/or common shares of Canadian companies with the objective being interest and/or dividend income.

Example Activities:
- Bond and income / Dividend funds, Canadian

526916 - Bond and Income / Dividend Funds - Foreign

This Canadian class comprises funds primarily engaged in investing in a portfolio of foreign debt issues or preferred and/or common shares of foreign companies with the objective being interest and/or dividend income.

Example Activities:
- Bond and income / Dividend funds, foreign

526917 - Balanced Funds / Asset Allocation Funds

This Canadian class comprises funds primarily engaged in investing in a portfolio that will include equity investments, fixed income investments and money market securities. The blend will depend on the fund as well as stock and bond trends, the objective being a balance of income and capital appreciation.

Example Activities:
- Balanced funds / Asset allocation funds

526919 - Other Open-Ended Funds

This Canadian class comprises other open-end funds, not classified to other classes, which invest in futures, precious metals, hedge funds and others.

Example Activities:
- Other open-ended funds

Date modified:: 2017-01-19

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