Seeking Alpha

iShares MSCI Canada ETF (EWC)

  • 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!
  • 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. 15, 2011, 10:42 AM | 2 Comments
  • 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, 11:07 AM | 2 Comments
  • 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).
    | Dec. 14, 2011, 9:28 AM | Comment!
  • 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.
    | Dec. 8, 2011, 8:24 AM | 1 Comment
  • 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.
    | Dec. 6, 2011, 9:09 AM | Comment!
Visit Seeking Alpha's
EWC vs. ETF Alternatives
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
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub