IQ Canada Small Cap ETF (CNDA) - NYSEARCA
  • Wed, Jul. 13, 11:32 AM
    • As expected, the Bank of Canada leaves its overnight interest rate at 0.5%. Alongside that, the bank revised its 2016 GDP growth forecast to 1.3% from 1.7% expected in April. 2017 is cut to 2.2% from 2.3%.
    • BoC Governor Stephen Poloz had previously expected the country's economy to return to potential in H2 of 2017, but the bank now sees this as happening closer to the end of next year.
    • Despite the cuts, economists say the bank is presenting a mostly upbeat outlook, and note the bubbly housing market and core CPI consistently above 2%.
    • The loonie (FXC +0.3%) has gained strength since the news hit, now buying $0.7692. Stocks in Toronto are lower by 0.2%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Wed, Jul. 13, 11:32 AM
  • Wed, May 25, 10:10 AM
    • The loonie (NYSEARCA:FXC) is surging higher following the expected decision in which the bank left its overnight rate target at 0.5%.
    • In its statement, the BoC says the economy's adjustment to the oil price crash is ongoing, but uneven. While Q1 growth looks to be inline with the bank's expectations, business investment and intentions remain disappointing.
    • The bank expects the Alberta wildfires to shave a full 125 basis points from Q2 growth, and notes at least part of the big rebound in oil prices is due to short-term supply disruptions.
    • The Canadian dollar +0.5% vs. the greenback to $0.7657. Stocks in Toronto are higher by 0.6%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Wed, May 25, 10:10 AM
  • Fri, May 6, 8:58 AM
    • Canada lost 2.2K jobs in April vs. expectations for a gain of 2K. The unemployment rate held steady at 7.1%. The economy added 41K jobs in March.
    • The greenback/loonie exchange rate has not just Canada's weak print to digest, but also America's sluggish numbers which came out at the same time. It's volatile, but currently the loonie (NYSEARCA:FXC) is weaker by 0.45%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Fri, May 6, 8:58 AM
  • Fri, Apr. 8, 8:41 AM
    | Fri, Apr. 8, 8:41 AM | 4 Comments
  • Thu, Mar. 31, 9:46 AM
    • Real GDP rose 0.6% in January, and was higher by 1.5% Y/Y. It was the fastest monthly GDP gain since 2013, and the quickest annual pace since February 2015. Economists had expected January growth of just 0.3%.
    • "Today's monthly GDP report is perhaps the most encouraging in recent memory," says TD Bank's Brian DePratto. Noting four straight months of GDP gains, BMO's Doug Porter says this isn't a "fluky rebound-type bounce."
    • Porter says the annualized GDP growth rate over the three months ended in January was 5%.
    • The loonie (NYSEARCA:FXC) adds further to this year's gains, up 0.6% on the session to $0.7761. In mid-January, the loonie was buying just $0.6866.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    • Now Read: The Looniness Of The Canadian Loonie And Oil Sands (March 30)
    | Thu, Mar. 31, 9:46 AM | 2 Comments
  • Fri, Mar. 18, 8:41 AM
    • Retail sales up north rose 2.1% in January, blowing past expectations for just a 0.6% gain. The largest gain in dollar terms was a 4.8% advance for motor vehicle and parts dealers.
    • As for the provinces, sales rose in all eight after falling in seven of them in December.
    • The loonie (NYSEARCA:FXC) gains about 30 pips on the news, now ahead by 0.2% on the session to $0.7719.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Mar. 18, 8:41 AM
  • Fri, Mar. 11, 8:41 AM
    • The Canadian economy lost 2.3K jobs in February vs. consensus forecasts for a gain of 10K. The unemployment rate ticked up to 7.3% vs. expectations for it to hold steady at 7.2%.
    • Adding to the soft headline, full-time employment fell 51.8K while part-time gained 49.5K.
    • The loonie (NYSEARCA:FXC) sheds some its recent gains vs. the greenback, down 0.4% to $0.7521.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Mar. 11, 8:41 AM
  • Wed, Mar. 9, 1:33 PM
    • As expected, the Bank of Canada today held its benchmark overnight rate steady at 0.5%, but the statement didn't lean as dovish as some hoped. "The global economy is progressing largely as the bank anticipated in its January Monetary Policy report," says the BoC. "Financial market volatility, reflecting heightened concerns about economic momentum, appears to be abating."
    • In that January estimate, the bank forecast 1.5% GDP growth this year, and 2.5% in 2017. The bank's next guess is due on April 13.
    • The loonie (NYSEARCA:FXC) is higher by 1.15%. Alongside the aussie, it Canadian dollar has rallied materially since mid-January (perhaps they're leading indicators, as commodities didn't bottom until a month later).
    • Stocks in Toronto are higher by 0.75%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Wed, Mar. 9, 1:33 PM
  • Wed, Jan. 20, 10:25 AM
    • The loonie (FXC +0.2%) is on the move after the Bank of Canada left its overnight rate at 0.5%. The energy crash and related dim economic numbers for the country, along with recent dovish comments had many expecting a rate cut today.
    • The loonie, of course, has been notably weak of late - down more than 10% vs. the greenback since November - so perhaps the bank felt its easing work had already been accomplished.
    • Alongside the rate decision, the bank slashed its 2016 GDP growth forecast to 1.4% from 2%.
    • Stocks in Toronto are lower by 2.6%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Wed, Jan. 20, 10:25 AM
  • Dec. 4, 2015, 8:57 AM
    • Canada lost 36K jobs in November and the unemployment rate edged up 10 basis points to 7.1%. Expectations had been for a loss of 10K jobs, with the unemployment rate steady.
    • October had shown a job gain of 44K.
    • Both October's outsized gain as well as the November give-back appear to be tied to temporary hiring around the final weeks of the country's elections.
    • Stronger on the session before the number, the loonie is now lower by 0.3% to $0.7466. Also at work is the solid U.S. jobs report which came out at the same time as the Canada number.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 4, 2015, 8:57 AM
  • Dec. 1, 2015, 9:07 AM
    • Q3 GDP grew an inline 2.3%, but the monthly read for September showed a 0.5% contraction - the largest monthly decline since the height of the financial crisis. Economists had expected no change for September.
    • Among the possible reasons for the quick slowdown were a fire curbing oil production in Alberta, and the shutdown of a unit by Nexen Energy.
    • Up nicely on the session ahead of the print, the loonie is now modestly lower, buying $0.7479.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 1, 2015, 9:07 AM
  • Oct. 21, 2015, 10:10 AM
    • As expected, the Bank of Canada leaves its benchmark overnight rate target at 0.5%. The accompanying statement leans dovish, with the bank noting growth in the near-term is likely to come in towards the low end of estimates.
    • Also mentioned are "financial vulnerabilities in the household sector" continuing to edge higher.
    • The loonie (NYSEARCA:FXC) gives up another 20 pips, now off 0.6% on the session to $0.7657. Stocks in Toronto are lower by 0.25%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Oct. 21, 2015, 10:10 AM
  • Jul. 15, 2015, 10:22 AM
    • Stephen Poloz surprises markets for the 2nd time this year, delivering another rate cut in Canada, this time slashing the overnight rate 25 basis points to 0.5%.
    • The 2015 growth estimate for Canada "has been marked down considerably" from the April projection, says the bank in its statement, and real GDP is expected to have contracted in H2.
    • The bank does expect above-trend growth to return in Q4.
    • Real GDP will grow by just over 1% this year and about 2.5% in 2016 and 2017, says the bank.
    • The loonie (NYSEARCA:FXC) tumbles 1.4% to $0.7749.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Jul. 15, 2015, 10:22 AM | 25 Comments
  • May 29, 2015, 8:41 AM
    • It's the first quarterly contraction in Canada's economy in four years, and the largest decline since the 2009 recession. Economists had forecast an expansion of 0.3%.
    • Alongside this weak print, Q4's 2.4% expansion was revised down to 2.2%.
    • Behind Q1's disappointing number is a 9.7% plunge in business gross fixed capital formation as companies reacted to the crash in oil prices. Support activities for mining and oil/gas extraction fell 30%.
    • The loonie (NYSEARCA:FXCsinks 0.5% on the news, now buying just eight-tenths of an American dollar.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN
    | May 29, 2015, 8:41 AM | 11 Comments
  • Apr. 17, 2015, 9:27 AM
    • The CPI rose 1.2% Y/Y in March, up from 1% in February, and against 1% expected by forecasters. Core CPI jumped to 2.4% in March vs. 2.1% previously.
    • Retail sales rose 1.7% in February, after declining the previous two months.
    • The loonie (NYSEARCA:FXC) popped higher to its strongest level since mid-January, but has given back some of those gains. It's currently up 0.35% to $0.8237.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN
    | Apr. 17, 2015, 9:27 AM
  • Apr. 15, 2015, 12:59 PM
    • "The bank's assessment is that the impact of the oil price shock will be more front-loaded than predicted in January, but not larger," says the Bank of Canada as it holds its policy rate steady at 0.75%.
    • For 2015, the BoC cut its GDP growth estimate to 1.9% from 2.1%, but 2016 is boosted to 2.5% from 2.4%.
    • Some economists have been expecting another rate cut later this year, but the vibe from this statement says the bank is somewhat more optimistic than it was just a few weeks ago.
    • The loonie (NYSEARCA:FXC) is up nearly 1% following the news, now buying $0.8085. Stocks in Toronto are higher by 0.75%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN
    | Apr. 15, 2015, 12:59 PM | 1 Comment
CNDA Description
The IQ Canada Small Cap ETF seeks to track, before fees and expenses, the performance of the IQ Canada Small Cap Index. The market cap-weighted Index seeks to provide investors with a means of tracking the overall performance of small cap Canadian companies.
See more details on sponsor's website
Country: Canada
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