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Indexing and exchange-trade fund giant Vanguard Group of Valley Forge, Pa. is poised to set up shop in Canada, a move that could be a game-changer for this country’s overpriced mutual fund industry.

“We’ve been looking at the Canadian market for years and anticipate having an announcement soon,” said Vanguard spokeswoman Rebecca Katz. Katz. Two senior Vanguard executives are meeting Monday with local industry people in Toronto, and it’s expected an announcement about the company’s Canadian plans will be made later in the day, in advance of the Canada Cup of Indexing conference on Tuesday, which Vanguard will also attend.

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One of the executives is Dennis Duffy, Vanguard’s director of business development ex-America, responsible for Canada, the Carribbean and Latin America. Ms. Katz would not say whether the focus of any Canadian operation would be ETFs, mutual funds, or both. Vanguard is a bigger player in mutual funds — both index funds and actively managed mutual funds — than in ETFs.