Website: troweprice.com/en/ca
Head office address (Canada): Suite 4240, 77 King Street West, TD North Tower, Toronto, ON M5K 1G8
Year established: 1937 (global firm); 2007 (Canadian office)
Ownership structure: wholly owned subsidiary of T. Rowe Price Group, Inc., publicly traded (NASDAQ: TROW); operates in Canada as T. Rowe Price (Canada), Inc.; registered under National Instrument 45-106 and National Instrument 31-103
Target market/client profile: Canadian institutional investors, pension and DC plan sponsors, investment consultants, and advisors seeking active equity, multi-asset, alternative investment strategies, and fixed income
Number of professional staff: 7,773 associates globally as at September 30, 2025
Canadian office locations: Toronto (sole Canadian office)
T. Rowe Price (Canada), Inc. is a Toronto-based subsidiary of T. Rowe Price Group, Inc. The firm provides active investment strategies to Canadian institutional clients through separate accounts, pooled funds, and subadvisory services.
The firm was founded in 1937 in Baltimore by Thomas Rowe Price, Jr. He charged clients fees based on their assets rather than commissions on trades. That approach put the client’s interests at the centre of the business from day one.
In the 1950s, the company launched one of the first US growth stock funds in North America. The firm then turned its attention to small-cap companies in 1960, before the main index tracking that space existed.
The firm entered emerging markets in 1985, more than 15 years before the MSCI Emerging Markets Index came to market. In 2017, it opened a Technology Development Center in New York City focused on big data and machine learning. In 2021, it acquired Oak Hill Advisors, a specialist in alternative credit markets.
In 2007, T. Rowe Price opened its Toronto office to provide institutional sales and services to Canadian clients. The local entity operates under Canadian securities law and serves non-individual Accredited Investors and non-individual Permitted Clients. Investment management is delivered through delegation agreements with affiliated entities in the United States.
Since then, the Toronto office has served as the firm’s main contact point for Canadian institutional clients. The team works with plan sponsors, investment consultants, and advisors across the country.
In November 2024, T. Rowe Price launched its first Canadian-focused target date portfolios through Canada Life’s Group Retirement Services platform. That arrangement runs exclusively until 2027. The series includes a “through retirement” glide path extending 30 years beyond the target date.
In September 2025, Jessica Sclafani of T. Rowe Price spoke to Benefits and Pensions Monitor (BPM) about private credit’s role in DC plan design. Sclafani explained that the asset class fits best within professionally managed multi-asset solutions, not as a standalone fund. The firm says this approach can improve diversification and reduce public market exposure for plan members.
T. Rowe Price Canada offers institutional investment strategies across equity, fixed income, multi-asset, and alternatives for Canadian clients:
The firm structures its Canadian mandates as pools or strategies, subject to eligibility under applicable securities law. Portfolio managers also conduct field visits with company management teams, the firm says.
Lauren Bloom heads the Canada division of T. Rowe Price from its Toronto office. Bloom joined the firm in 2018 after a decade with CI Institutional Asset Management and Toronto-based CI Investments. She holds an undergraduate degree in finance from Western University and the CFA designation.
Bloom leads the Canadian operation within the global executive structure that Robert Sharps, chair and CEO, directs at T. Rowe Price Group:
T. Rowe Price Group’s board of directors oversees global strategy, risk, and capital allocation across all operations. The group files regular disclosures with the US Securities and Exchange Commission as a publicly traded company.
T. Rowe Price (Canada), Inc. works with a group of Canadian institutional clients. The firm serves only non-individual Accredited Investors and non-individual Permitted Clients under Canadian securities law.
T. Rowe Price also appears in the following BPM directories:
In January 2026, T. Rowe Price shared Canadian findings from the Global Retirement Savers Study with BPM. The data showed 27 percent of Canadians favour default investment options, the highest among the five nations in the study.
These insights help Canadian plan sponsors understand how their members think about retirement decisions. The firm says it uses this kind of research to inform plan design conversations with Canadian clients.
T. Rowe Price Canada has earned workplace and industry awards, and its Canadian team has been recognized by BPM.
The T. Rowe Price Foundation has given over US$204.5 million in grants and matching contributions since its founding in 1981. The Foundation focuses on youth empowerment, racial equity, creativity and innovation, and financial well-being.
T. Rowe Price says its associates logged more than 34,000 volunteer hours globally and donated US$13.1 million to communities. The company has also committed to the UN Global Compact since 2021, covering human rights, labour, and anti-corruption standards.
Read BPM's highlighted coverage of key topics from May
Asset managers and pension plans expand the PCE's cross-sector membership
Late-stage venture/growth equity investing is suited to the current environment, writes Emma Norchet
Private credit looks more like a portfolio tool than a menu option in DC plans, says T. Rowe Price
New crisis clauses and a borrower club could reshape emerging market sovereign risk
BPM spotlights three leaders proving pensions and benefits can change lives
Study reveals low retirement confidence and sharp gender gaps among global savers
‘Default solutions are helpful in reinforcing the message of contribute what you can afford and do so consistently,’ says Jessica Sclafani
Survey finds rising expectations of part‑time work and financial strain in retirement
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