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iShares MSCI Canada ETF (EWC)

  • Feb. 7, 2012, 9:22 AM
    The value of Canadian building permits rose 11.1% in December to $6.8B, confounding expectations for a 0.5% fall. It's the highest level since June 2007. A sharp increase (28.9%) in apartment and condo projects in Ontario (Toronto) was behind the big print.
    | Feb. 7, 2012, 9:22 AM | 1 Comment
  • Feb. 6, 2012, 2:45 PM
    One of the world's perkier real estate markets regains a bit of momentum with house prices in Canada moving higher by 0.27% in January, reversing a 3-month slide. Prices rose 5.2% Y/Y according to the Canadian Real Estate Association.
    | Feb. 6, 2012, 2:45 PM | Comment!
  • Feb. 3, 2012, 7:37 AM
    Canada January employment adds 2.3K jobs vs. expectations of 24.5K and 17.5K prior. The jobless rate rises to 7.6% from 7.5%. The loonie continues lower vs. the greenback, off 0.2% to $0.9982.
    | Feb. 3, 2012, 7:37 AM | Comment!
  • Feb. 1, 2012, 9:44 AM
    Canada January PMI dives to 50.6 from 54.0 in December. It's the lowest reading in the short (16-month) history of the series, with employment falling below 50 for the first time. The loonie remains higher vs. the greenback, buying $1.0018.
    | Feb. 1, 2012, 9:44 AM | Comment!
  • Jan. 31, 2012, 8:48 AM
    Canada's November GDP declines 0.1% against expectations for a 0.2% increase and a flat read for October. The bulk of the decline was due to a 2.5% drop in oil and gas extraction. The loonie takes a quick dive, but at parity, remains slightly higher for the day against the greenback.
    | Jan. 31, 2012, 8:48 AM | Comment!
  • Jan. 20, 2012, 4:40 PM
    After a long period of outperforming its neighbor to the south, Canada's economy is bracing for a slowdown, largely thanks to a housing market downturn that could develop into a fully-fledged crash. Moreover, with interest rates already at 1%, the BoC might not have much room to maneuver. Economists polled by Reuters expect the Canadian economy to grow 2.1% in 2012. (earlier)
    | Jan. 20, 2012, 4:40 PM | 3 Comments
  • Jan. 20, 2012, 8:40 AM
    Canada's November wholesale sales dipped 0.4% against expectations for a 0.5% increase. The loonie, already a bit weaker after a slow CPI report, dips a bit further, now -0.4% at $0.9850.
    | Jan. 20, 2012, 8:40 AM | Comment!
  • Jan. 20, 2012, 7:10 AM
    Canada's December CPI fell 0.2% from November, bringing the annual pace to 2.3% from November's 2.9%. The core rate rose 1.9% Y/Y from 2.1% in November. The loonie slips a bit on the soft numbers as they may give the BoC room to loosen policy. Loonie -0.3% at $0.9857.
    | Jan. 20, 2012, 7:10 AM | Comment!
  • Jan. 18, 2012, 10:44 AM
    The BoC's quarterly Monetary Policy Report may be of most interest for its opening quote from Governor Mark Carney, showing himself again to be the anti-Greenspan. "We might appear to prosper for a while by consuming beyond our means ... if we yield to this temptation, eventually we, too, will face painful adjustments. It is better to rebalance now from a position of strength."
    | Jan. 18, 2012, 10:44 AM | Comment!
  • Jan. 17, 2012, 11:09 AM
    More on China GDP: ANZ Bank's Nicholas Zhu visits a Chinese steel plant and reports back of a near-empty parking lot, work-shifts shortened to 5-day weeks, and just one blast furnace in operation. "Wire rods for use in the construction industry were piled up everywhere: inside a full warehouse at the riverbank, out in the open near wharfs and any empty space next to the factory floor." (see also)
    | Jan. 17, 2012, 11:09 AM | Comment!
  • Jan. 17, 2012, 9:17 AM
    The Bank of Canada leaves its benchmark lending rate at 1%. The statement, however, is a dovish one: "The outlook for the global economy has deteriorated and uncertainty has increased ... the pace of (Canadian) growth going forward is expected to be more modest."
    | Jan. 17, 2012, 9:17 AM | Comment!
  • Jan. 10, 2012, 3:41 PM
    The heads of Royal Bank of Canada and the Bank of Montreal each warn on Canada's property sector, particularly red-hot and maybe overbuilt markets like Vancouver and Toronto. By Deutsche Bank's calculations, Canada's real estate is the most overvalued on the planet.
    | Jan. 10, 2012, 3:41 PM | 1 Comment
  • Jan. 6, 2012, 7:03 AM
    Canada adds 18K jobs in December vs. expectations for 20K. The gain halts two consecutive months of declines. The unemployment rate rises to 7.5% from 7.4%. The loonie gives up early morning gains vs. the greenback, now down a hair and buying $0.9803.
    | Jan. 6, 2012, 7:03 AM | Comment!
  • Jan. 3, 2012, 12:15 PM
    Canada's December PMI rises to 54.0 from November's 53.3, led by solid rises in New Orders and Production. As with Europe, order backlogs continue to fall, suggesting some of the jump in production is coming from satisfaction of orders already on the books. EWC +2.1%.
    | Jan. 3, 2012, 12:15 PM | Comment!
  • Dec. 23, 2011, 8:57 AM
    Canadian real GDP was unchanged in October (the first month of Q4) against forecasts for a 0.1% increase, and a 0.2% increase in September. On a Y/Y basis, GDP grew 2.7%, down from 3.0% in September.
    | Dec. 23, 2011, 8:57 AM | Comment!
  • Dec. 20, 2011, 10:18 AM
    Canada's CPI rises 0.1% in November (+0.3% previous), inline with expectations, and keeping the Y/Y rate at 2.9%. The core rate also rose 0.1% (+0.2% previously), also inline and keeping the Y/Y rate at 2.1%.
    | Dec. 20, 2011, 10:18 AM | Comment!
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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