Ecological metrics and assemblages of three orders of aquatic insects (Odonata, Coleoptera and Trichoptera—OCT) in an industrial canal system affected by dredging were studied. Five sites (a river as a control site and canals) along the Vistula River in Central Poland were sampled during six sampling periods (2011 and 2013). Canonical correspondence analyses (CCA) was used to assess the influence of environmental variables on the distribution of 54 insect species in the following system of habitats—a river feeding the canals, river-fed inlet canals and outlet canals with cooling waters. Additionally, before and after control impact (BACI) was used to test for the impact of canal dredging in 2011 on the insect response metrics. Non-metric multidimensional scaling analysis differentiated insect assemblages of the three habitats and similarity percentage (SIMPER) indicated the species most responsible for the faunistic dissimilarities. Temperature was found to be a key factor governing the presence of insects in the outlet canals with cooling water. CCAs revealed that electrolytic conductivity (EC) and salinity had the greatest influence on the OCT fauna in the river and the inlet canals, whilst it was the dissolved oxygen and the level of development of aquatic plants that proved most important in the outlet canals. Modified ANOVAs showed that dredging significantly affected the mean species richness and the dominance in the canals. The changes in OCT species composition were highly informative. The comparison between tolerance patterns of the OCT orders against the five parameters (temperature, EC, total dissolved solids (TDS), pH and current) revealed that caddisflies are the most sensitive group, followed by Coleoptera while Odonata proved the most resistant. Dragonflies have the greatest potential to serve as bioindicators of industrially heated waters. The OCT fauna responded specifically to different environmental factors and stressors, it is strongly recommended to track the responses on different levels, not only metrics, but above all, species.