Hey, finally someone on MFK also from London Ontario!! To answer your question, no water changes themselves do not aid in the growth of your fry at all. That said however, doing frequent water changes WILL reduce the amount of growth stunting nitrates in the water. If your fish aren't producing much waste, and you've got good filtration doing more water changes won't help past a point because nitrates won't have reached a harmful level.
You have to balance things keeping in mind that water changes do stress fish out to some degree, although experience has shown me that fry raised with frequent water changes eventually become used to them and indeed my fish born and raised by me swim up and try to eat the hairs off my hands and arms while Im cleaning the tank lol. They also don't seem to get too flustered when we refill the tank. I dont know if this applies to all species though.
Personally, I do 3x 20 - 30% per week on fry tanks with fry less than a week and a half old. The most crucial growth period is the first week and a half to two weeks and keeping nitrates near 0 here can be beneficial. Beyond that point we cut back to 2x week and as they get closer to adult size they go on the weekly wednesday cleaning. You have to keep in mind that if you change the h20 too much you are getting rid of the food for your beneficial bacteria so again try and balance water changes with waste produced and filtration.
Hope this helps and P.S. are you a member of the London Aquaria Society?