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iShares MSCI Canada ETF (EWC)

  • 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.
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  • 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%.
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  • Dec. 15, 2011, 10:42 AM
    Canadian housing prices increased 4.6% Y/Y in November, a healthy gain, but the smallest bump since January, according to the Canadian Real Estate Association. Transactions also keep moving, rising a seasonally adjusted 0.5% for the month. (PR)
  • Dec. 14, 2011, 11:07 AM
    No deleveraging is evident in Canada where household debt as a percentage of disposable income rose to a record 150.8% in Q3, from 148.5% previously. In a recent speech, BoC Governor Carney remarked that Canadians are now more indebted than Americans and Brits. Thoughts on Canadian banks earlier.
  • Dec. 14, 2011, 9:28 AM
    Stonecap Securities' Brad Smith, cuts his outlook on the Canadian banking sector as the big lenders cut loss reserves to near pre-crisis levels even as credit unexpectedly deteriorated in Q3. Smith is reducing the PE multiple he expects the banks to sell for from 11X to 9X. Lowest rated: Bank of Montreal (BMO) and TD Bank. Highest: Scotiabank (BNS).
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  • Dec. 8, 2011, 8:24 AM
    Canadian housing starts fall a seasonally adjusted 14.4% in November. "A level which is more consistent with the rate of household formation," goes the spin from the Canadian Mortgage and Housing Corporation. Along with China, Brazil, Oz, and Denmark, Canada has its own formerly frothy, now tippy property market.
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  • Dec. 6, 2011, 9:09 AM
    Investors looking for a little candy from the Bank of Canada are disappointed as the bank gives little hint of dovishness while leaving its benchmark rate at 1%. "Household expenditures have more momentum than had been expected and business investment remains solid." The loonie pops higher against the greenback, now buying $0.9829.
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  • Dec. 2, 2011, 7:22 AM
    Canada loses 19K jobs in November against expectations for a 20K increase. The unemployment rate rises to 7.4% from 7.3%. The loonie loses a little steam vs. the greenback, now buying $0.9875.
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  • Nov. 28, 2011, 11:36 AM
    Kokusai Asset Management, Japan's largest mutual fund company, says it has unloaded all of its Italian, Spanish, and Belgian bond holdings, lowering the level of euro-denominated paper in its flagship fund to 15.9% from more than 30% two months ago. Hopefully not auguring the next trouble spots, the fund is redirecting assets to the debt of Canada, Australia, Sweden, and Norway.
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  • Nov. 23, 2011, 1:10 PM
    While lauding the success of Canada's inflation-targeting regime, BoC Governor Mark Carney describes Europe's debt crisis as "barely contained." As for Canada, he believes H2 growth will exceed bank projections, but doesn't expect the good run to last. Though rate cuts weren't tipped, his remarks suggest a continuation of the 1% benchmark into 2013.
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  • Nov. 21, 2011, 12:08 PM
    A report from RBS suggests the Bank of Canada may not need to cuts its 1% benchmark rate as the monetary conditions it tracks already suggest a looser policy. Of most import are credit spreads - tighter than one would expect if the economy needed more monetary ease.
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  • Nov. 14, 2011, 10:59 AM
    Canadian Prime Minister Stephen Harper says his country will push to sell its crude oil to Asian markets to make up for the derailment of TransCanada's (TRP -1.4%) Keystone XL pipeline following up similar comments from officials with his administration. Though he expresses confidence the pipeline will ultimately be operational, he calls selling oil to Asia an "important priority" moving forward for Canada.
  • Nov. 8, 2011, 4:52 PM
    Canada will cool its deficit-cutting zeal in the face of a worsening economy, says finmin Jim Flaherty in his fall economic update. The new math of a slower economy and fewer budget cuts means the date of balance/surplus is pushed out to as late as 2017 from the previously hoped-for 2014-15.
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  • Nov. 4, 2011, 7:07 AM
    Canada's October employment report shows a loss of 54K jobs with the jobless rate rising to 7.3% from 7.1% previously. Expectations were for a gain of 15K and UE rate of 7.1%. The loonie dives, -1% at $0.9833.
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  • Nov. 1, 2011, 10:36 AM
    Canada's October RBC PMI falls to 53.66 from 55.05 previously, the first decline in 4 months. "We expect to see modest economic growth for the remainder of the year," says Craig Wright, RBC's chief economist, encouraged by the economy's resilience in the face of "external macro events."  (PR)
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  • Oct. 25, 2011, 9:08 AM
    The Bank of Canada leaves its benchmark rate unchanged at 1%, but shuts the door on on future rate hikes, saying the apparent growth rebound in Q3 is likely due to temporary factors. After reaching parity with the greenback earlier, the loonie is diving, -0.4% at $0.9927.
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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.
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Country: Canada
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