iShares MSCI Canada ETF
 (EWC)

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  • Fri, Feb. 5, 8:53 AM
    • Canada lost 5.7K jobs in January against forecasts for a 5.5K gain. The unemployment rate rose to 7.2% vs. estimates for it to hold steady at 7.1%.
    • Alongside those gloomy numbers, December's 22.8K job gain was revised lower to just 1.3K.
    • The loonie (NYSEARCA:FXC) loses a little ground against the greenback (which has its own mixed jobs numbers to ponder this morning).
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Feb. 5, 8:53 AM | 4 Comments
  • Thu, Feb. 4, 12:41 PM
    • The dollar (UUP -0.6%) is retreating again today, continuing a move which began at the start of the week and picked up steam yesterday morning when New York Fed President Bill Dudley called out the greenback's strength as a cause for concern.
    • Not coincidentally, commodity stocks are bouncing off of sharply discounted levels, with names like Freeport McMoRan, Vale, and Cemex up double digit percentages over the last day-plus.
    • Turning to countries, Brazil (EWZ +3.7%) is on a two-day tear of about 6%, and Canada (EWC +2%) of just under 3%. In its first chance to respond to Dudley's remarks, Australia (EWA +2.1%gained 2.1% overnight.
    • ETFs: DBB, BOM, RJZ, BOS, JJM, BDD, UBM, BDG, HEVY
    | Thu, Feb. 4, 12:41 PM | 6 Comments
  • Thu, Jan. 28, 3:23 PM
    • The latest wave downward in commodity prices is further hurting Canada's terms of trade and growth prospects, says S&P (you don't say). Corporate earnings are being squeezed and rising joblessness is hitting household incomes.
    • Given that, the agency cuts its forecast for GDP growth up north this year to 1.5% from 2.3%. Next year's expected growth is cut to 2.2% from 2.6%.
    • On the positive side, says S&P, non-commodity sectors have been resilient and private sector hiring continues on expectations the declining loonie will lead to stronger exports to the U.S.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Thu, Jan. 28, 3:23 PM | 3 Comments
  • Fri, Jan. 22, 4:28 PM
    | Fri, Jan. 22, 4:28 PM | 3 Comments
  • 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
  • Fri, Jan. 8, 8:58 AM
    • Canada adds 23K jobs in December beating expectations for a gain of 10K. The unemployment rate held steady at 7.1%, inline with forecasts. Jobs in November had declined 35.7K - a report thought to be marred by October's rise in temporary work surrounding the national election.
    • The loonie (NYSEARCA:FXC) remains where it was ahead of the number - modestly lower on the session. Also at work is a very strong jobs number from south of Canada's border.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Jan. 8, 8:58 AM
  • Thu, Jan. 7, 9:20 AM
    • "We have a number of tools at our disposal - both conventional and unconventional - to mitigate risks to our inflation target or to our financial system, should they arise,” says Bank of Canada Governor Stephen Poloz in a speech titled, “Life After Liftoff: Divergence and U.S. Monetary Policy Normalization."
    • The energy crash has cut Canadian incomes by $1.5K per person, says Poloz, taking note of the tumbling loonie (NYSEARCA:FXC), today buying just over 70 American cents versus being able to buy more than one greenback three years ago.
    • “This shock is leading to significant and complex economic adjustments in Canada,” says Poloz. “There is no simple policy response in this situation.”
    • The Bank of Canada's next policy meeting in on January 20.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Thu, Jan. 7, 9:20 AM | 1 Comment
  • Dec. 23, 2015, 8:59 AM
    • Economic output in October was unchanged from the previous month, an improvement from September's 0.5% decline, but shy of expectations for 0.2% growth.
    • Growth in mining, oil & gas extraction, and the public sector was offset by declines in manufacturing, utilities, and retail trade.
    • The loonie (NYSEARCA:FXC) has weakened a bit since the report, and is now flat on the session.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 23, 2015, 8:59 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. 2, 2015, 10:14 AM
    • The Bank of Canada leaves its benchmark overnight rate at 0.5%, citing global and Canadian growth roughly in-line with what the bank forecast in October.
    • The central bank sounds a bullish note though, expecting GDP growth to move to a rate above potential in 2016.
    • Sizably lower earlier after a strong U.S. jobs report, the loonie (NYSEARCA:FXC) has returned to flat following the BoC news.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 2, 2015, 10:14 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
  • Nov. 20, 2015, 10:55 AM
    • The government cuts its 2015 GDP forecast to 1.2% from 2% - considering the date, this is more tracker than forecast at this point. 2016 is lowered to 2% from 2.2%.
    • The government is also forecasting budget deficits for the next four years, including a $3B deficit this year vs. a previous forecast for a surplus.
    • Caveat: The new liberal government of Justin Trudeau has just taken charge from the conservatives. These updated forecasts could be considered the equivalent of a new CEO "kitchen-sinking" quarterly results in order to make everything in the future look better.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Nov. 20, 2015, 10:55 AM | 1 Comment
  • 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
  • Oct. 20, 2015, 2:07 AM
    • Winning over 40% of the popular vote, Justin Trudeau's Liberal party sealed a victory in Canada's general election on Monday, ousting Conservative PM Stephen Harper after almost a decade in power.
    • Trudeau has pledged to run a C$10B annual budget deficit for three years to invest in infrastructure and help stimulate Canada's anemic economic growth.
    • He has also promised to repair the country's cool relations with the Obama administration, refocus Canada's military role against Islamic State, legalize marijuana, and tackle climate change.
    • Previously: Canadians go to the polls (Oct. 19 2015)
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Oct. 20, 2015, 2:07 AM | 29 Comments
  • Oct. 19, 2015, 3:52 AM
    • Canada's drawn-out election campaign has come to an end as voters hit the polls today in fiercely-contested parliamentary elections.
    • At stake are issues ranging from the economy and environment to immigration and foreign policy.
    • While opinion polls suggest many people are still undecided, the frontrunner appears to be Liberal leader Justin Trudeau. Conservative PM Stephen Harper and NDP head Tom Mulcair are not far behind.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Oct. 19, 2015, 3:52 AM | 1 Comment
  • Oct. 6, 2015, 10:35 AM
    | Oct. 6, 2015, 10:35 AM | 2 Comments
EWC Description
The iShares MSCI Canada Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Canadian market, as measured by the MSCI Canada Index.
See more details on sponsor's website
Country: Canada
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