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iShares MSCI Canada ETF (EWC)

  • Jun. 25, 2014, 10:40 AM
    • iShares MSCI Canada ETF (EWC) announces semi-annual distribution of $0.2346.
    • 30-Day SEC yield of 2.25% (as on 05/31/2014).
    • Payable July 2; for shareholders of record June 27; ex-Div. June 25.
    | Comment!
  • Jun. 20, 2014, 10:11 AM
    • The loonie (FXC) is higher by 0.5% and buying $0.9290 after Canada's all-items CPI rose 2.3% Y/Y in May vs. expectations for a 2% gain. The core rate of 1.7% was faster than estimates for 1.5%.
    • The print is likely to boost pressure on the Bank of Canada to alter an inflation outlook currently worried more about downside risks. On the other hand, the bank and its Governor Stephen Poloz could - as the Fed seemingly has done - brush the figure off as noise.
  • Jun. 12, 2014, 12:04 PM
    • Each ETF will track a single developed market and hold firms that have performed well in various market conditions and offer investors value while featuring low volatility.
    • SPDR MSCI Australia Quality Mix ETF (QAUS), SPDR MSCI Canada Quality Mix ETF (QCAN), SPDR MSCI Germany Quality Mix ETF (QDEU), SPDR MSCI Japan Quality Mix ETF (QJPN), SPDR MSCI Spain Quality Mix ETF (QESP), and SPDR MSCI United Kingdom Quality Mix ETF (QGBR) all launched this morning when the market opened.
    • All of the quality ETFs feature an expense ratio of 0.30%.
    • Other ETFs following the selected 6 countries: EWU, FKU, DXPS, DBUK, EWP, DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, JPNS, HEWJ, FJP, EWG, DBGR, DXGE, FGM, HEWG, EWC, FCAN, EWA, AUSE, FAUS
    | Comment!
  • Jun. 6, 2014, 8:52 AM
    • Canada adds 26K jobs in May, roughly inline with consensus forecasts for 25K, and up from last month's loss of 29K jobs. The unemployment rate ticked higher to 7% from 6.9%.
    • The loonie (FXC) remains little-changed on the session, buying $0.9149.
    | Comment!
  • Jun. 4, 2014, 10:17 AM
    • The loonie (FXC -0.3%) slides about 30 pips to $0.9128 after the Bank of Canada leaves its benchmark policy rate at 1%, but says the recent faster-than-expected rise in inflation to near the 2% target is largely the result of temporary factors like energy prices and pass-through from the weakening currency. "The downside risks to the inflation outlook [is] as important as before."
    • As for global growth: " Recent developments give slightly greater weight to downside risks."
    | Comment!
  • Jun. 2, 2014, 9:47 AM
    • May's 52.2 read remains in expansion territory, but slides from April's 52.9.
    • "Canada’s manufacturing sector is still being held back by sluggish global growth,” says RBC chief economist Craig Wright. “As we move forward, support for the sector is expected given easing economic uncertainty, improving growth prospects in the U.S. and a more competitive currency.”
    • Already lower on the session, the loonie (FXC -0.5%) weakens a bit further, now buying $0.9174.
    | 1 Comment
  • May. 9, 2014, 8:42 AM
    • The loonie heads south as Canada reports a loss of 29K jobs in April vs. expectations for a gain of 12K. March saw 42.9K jobs added.
    • The unemployment rate is unchanged at 6.9%.
    • The Canadian dollar is currently buying $0.9190, down 0.5% on the session.
    • FXC -0.4% premarket
    | Comment!
  • Apr. 30, 2014, 8:58 AM
    • Real GDP grew 0.2% in February, slower than January's 0.5% gain, but inline with expectations.There had been ideas January's pop would be revised lower, but it didn't materialize. December's originally reported 0.5% decline was revised to just 0.4%.
    • The loonie adds a few basis points, now just marginally lower against the dollar on the session and buying $0.9130.
    • Previously: U.S. GDP growth revised sharply lower
    | Comment!
  • Apr. 16, 2014, 10:42 AM
    • Leaving its benchmark lending rate at 1% for the 29th consecutive meeting, the Bank of Canada gives its blessing to a weaker currency, noting the lower Canadian dollar "should provide additional support" to the country's exporters.
    • The loonie (FXC) is off 0.2% and buying $0.9091 after the policy statement.
    | Comment!
  • Apr. 4, 2014, 9:04 AM
    • The loonie (FXC) gets jiggy - up 0.6% and buying $0.9117 - after Canada reports 42.9K jobs added in March, about doubling forecasts, and bouncing from 7K jobs lost in February. The unemployment rate ticked down to 6.9% from 7% previously.
    • Canada ETFs: EWC, CNDA, EWCS, FCAN
  • Mar. 18, 2014, 4:16 PM
    • He says the decision is family-related, but not in any way to do with his health. "This was a decision I made with my family earlier this year, as I will be returning to the private sector."
    • In an interview late last month, Flaherty said he had not decided whether he would run in the next elections.
    • The loonie isn't responding, though it is sharply lower on the session after dovish comments from BOC Governor Poloz.
    | Comment!
  • Mar. 18, 2014, 2:51 PM
    • The loonie slides - reclaiming an almost 5-year low vs. the greenback - after what's being interpreted as a dovish speech from BOC Governor Stephen Poloz. He expects a "soft" first quarter, but then a couple of years of speedy growth. Longer-term, however, an aging population will drive up savings and sap demand. "The growth trajectory that we converge on after the recovery period will be slower than our historical trend, and it will also be associated with lower equilibrium rates of interest."
    • FXC -0.8%.
    • Canada ETFs: EWC, CNDA, EWCS, FCAN
    | Comment!
  • Mar. 7, 2014, 8:36 AM
    • There's a big miss in Canada's February jobs number, with payrolls falling 7K vs. expectations of a 15K gain. The unemployment rate is flat at 7%.
    • The loonie (FXC) tumbles, -0.7% vs. the greenback at $0.9045.
    | Comment!
  • Mar. 3, 2014, 11:40 AM
    • Manufacturing activity picked up in February, the RBC Canadian Manufacturing PMI rising to 52.9 from 51.7. Among the subindexes, New Orders saw growth, but at a slower pace, falling to 52.6 from 52.9 - the weakest pace in six months, with the Supply Chain Management Association noting the particularly weak pace of export sales (even with the sliding loonie?).
    • The loonie (FXC -0.2%) remains lower, with events overseas more likely driving the action today.
    | Comment!
  • Mar. 3, 2014, 9:37 AM
    • “I’ve been talking with clients and writing about how the housing market is overvalued,” says Pimco's Ed Devlin, who oversees Canadian investments for the firm. “The change this year would be that I actually think it starts this year.”
    • Bill Gross' $237B Total Return Fund (ETF version: BOND) had about 2% of its portfolio in Canadian debt at last report vs. 4% a year earlier.
    • Not the first to point to a bubbly Canadian housing market, Devlin is looking for a gradual decline over the next 2-5 years, not a sudden collapse, and sees "buy the dip" opportunities in the loonie (FXC) which has already fallen sharply vs. the greenback over the last 18 months.
    | 1 Comment
  • Feb. 28, 2014, 11:11 AM
    • The loonie (FXC +0.5%) is having a big session after upward revisions to Q2 and Q3 GDP growth and a strong early Q4 print. On the downside - while October and November looked strong - December shows a contraction of 0.5%. Statistics Canada blames the weak December number on the harsh winter's effect on retail sales which fell 2.1%. Canada? Harsh winter? Seriously?
    • Overall, Q4 GDP growth at an annualized pace of 2.9% follows 2.7% in Q3, 2.2% in Q2, and 2.9% in Q1. For the year, GDP grew 2% vs. expectations of 1.7%.
    • "While today’s GDP report is a bit of a mixed bag, the bigger picture is that the Canadian economy looks to have had better momentum than widely appreciated through much of 2013,” says BMO's Doug Porter.
    • Related ETFs: EWC, CNDA, FCAN, EWCS
    | Comment!
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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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