Seeking Alpha

iShares MSCI Canada ETF (EWC)

  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | 1 Comment
  • 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.
    | 1 Comment
  • 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.
    | Comment!
  • 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.
    | 1 Comment
  • 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.
    | 1 Comment
  • 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)
    | Comment!
  • 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.
    | 1 Comment
  • Oct. 21, 2011, 10:14 AM
    Canada's September CPI rises 0.3% to a 3.2% Y/Y rate against a 3.1% increase in August. Core inflation jumps to 2.2% vs. August's 1.9%. Forecasts had been for a 3.1% overall rate and a core rate of 2%. The loonie is marching higher, FXC +0.7%.
    | Comment!
  • Oct. 13, 2011, 10:48 AM
    Canada's August trade deficit grows slightly to C$622M, coming in well below the C$1B expected by analysts. Also, the July deficit was revised down to C$539 from C$753. Exports to the U.S. - Canada's top trading partner - fell 2.3%.
    | Comment!
  • Oct. 11, 2011, 10:29 AM
    Canada Mortgage & Housing reports September home construction rose to 205.9K units against expectations for 190K and August's 191.9K. Single family starts actually declined a bit, but was more than made up for by a jump in multiple-family units.
    | Comment!
  • Oct. 7, 2011, 10:56 AM
    "The market can only focus on one thing at a time," says Vitaliy Katsenelson, whose eye is not on Europe, but on China and Japan. The collapse in copper prices is "just the beginning," he says, as China is headed for a hard landing. Commodity sensitive stocks like CAT look cheap, but they're going to "get a lot cheaper."
    | 1 Comment
  • Oct. 7, 2011, 9:13 AM
    A look inside the blowout Canadian jobs report shows less than meets the eye as the hours worked component - a figure less likely to be distorted by questionable seasonal adjustments - declined by 0.3%. "That's key," writes Scotiabank as it points to another likely decline in September GDP.
    | 1 Comment
  • Oct. 7, 2011, 7:15 AM
    Canada adds 60.9K jobs in September, smashing estimates for a rise of 15K. The unemployment rate falls from 7.3% to 7.1%. The loonie gets a nice pop on the news, now buying $0.9660.
    | 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