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iShares MSCI Canada ETF (EWC)

  • Fri, Jan. 9, 9:04 AM
    • Canada shed 4.3K jobs in December vs. expectations for a 15K gain and a loss of 10.7K in November. The unemployment rate held steady at 6.6%.
    • It's the first back-to-back job losses since mid-2009 when the economy was mired in a deep recession.
    • The loonie (NYSEARCA:FXC) takes out new multi-year lows following the number, now down 0.3% at $0.8424.
    • Previously: Unemployment rate in U.S. tumbles to 5.6% (Jan. 9)
    | Fri, Jan. 9, 9:04 AM | 9 Comments
  • Tue, Jan. 6, 3:07 PM
    • That's the consensus coming from the Economic Club of Canada's annual forecast breakfast held earlier today. BMO's Doug Porter says investment in oil and gas accounts for roughly one-third of residential investment in Canada, and he's expecting a double-digit decline in that spending. He sees growth in Canada at about 2.2% this year vs. 3.1% in the U.S.
    • RBC's Craig Wright, however, sees lower oil prices as a slight net positive for Canada, as slowing investment in oil and gas is offset by stronger exports and boosted consumer spending power.
    • Wright may be on to something. Weaker again today, the loonie (FXC -0.5%) is back to its crisis-era lows.
    | Tue, Jan. 6, 3:07 PM | 1 Comment
  • Dec. 31, 2014, 11:34 AM
    | Dec. 31, 2014, 11:34 AM | Comment!
  • Dec. 19, 2014, 4:15 PM
    | Dec. 19, 2014, 4:15 PM | Comment!
  • Dec. 10, 2014, 4:16 PM
    • Another 2.5% decline today brings the S&P/TSE Composite into correction territory - off 12% from the 2014 highs and now barely in the green for the year.
    • The loonie (FXC -0.4%) gave up more ground to the dollar, and now buys just $0.87 - the lowest in 66 months.
    • "I think it's basically a sell-Canada mentality," says an analyst. "Whatever the rate of growth that was forecast, says two months ago, is going to be revised down."
    • EWC -2.65%
    • Previously: Double-whammy for Canadian banks (Dec. 10, 2014)
    | Dec. 10, 2014, 4:16 PM | Comment!
  • Dec. 8, 2014, 4:55 PM
    • Canada's S&P/TSX Composite Index suffered its biggest one-day loss in more than three years, plummeting as much as 462 points before settling for a 350-point beat-down, as resource stocks took a deep dive amid weakening crude oil prices.
    • Purpose Investments' Som Seif says the selloff suggests investors are growing even more worried about how the resource heavy-Canadian economy will fare in light of the collapse in oil prices: "We still have lower to go for oil, and so there is the potential for energy stocks to see an even further decline from these levels.”
    • Among today's worst performers: Lightstream Resources (OTCPK:LSTMF) -19%, Surge Energy (OTCPK:ZPTAF) -14.2%, MEG Energy (OTCPK:MEGEF) -14.1%, Crew Energy (OTCPK:CWEGF) -12.3%, Pacific Rubiales Energy (OTCPK:PEGFF) -11.2%.
    | Dec. 8, 2014, 4:55 PM | 8 Comments
  • Dec. 5, 2014, 8:52 AM
    | Dec. 5, 2014, 8:52 AM | 1 Comment
  • Nov. 28, 2014, 9:00 AM
    • Canadian GDP grew at an annualized pace of 2.8% in Q3 vs. expectations for 2.1%. GDP grew 3.6% annualized in Q2.
    • The news was enough to send the slumping loonie higher for a few moments, but the currency has resumed its slide alongside the plummeting oil price. One loonie buys just $0.8757 vs. $0.8888 when we went to bed on Wednesday. FXC -1.2% premarket
    • The TSX Composite (NYSEARCA:EWCfell 0.8% yesterday as energy stocks tumbled the most in three years.
    • Previously: Energy names sharply lower as oil dives below $70
    | Nov. 28, 2014, 9:00 AM | Comment!
  • Nov. 7, 2014, 10:26 AM
    • Canada reported an October jobs gain of 43.1K vs. expectations for just 5K. The unemployment rate fell to a six-year low of 6.5% from 6.8%.
    • It's been a yo-yo year for Canadian jobs, with four of the 2014's 10 months so far printing negative numbers, but October's gain marks two large advances in a row. "The see-saw pattern is gone," says CIBC's Avery Shenfeld. "The employment rebound in the past two months is a refreshing dose of reassurance on growth."
    • The loonie (NYSEARCA:FXC) jumps nearly 100 pips on the news, now up 0.6% and buying $0.8812. The TSX 200 approves, up 0.75% early in the session.
    | Nov. 7, 2014, 10:26 AM | 1 Comment
  • Oct. 22, 2014, 11:24 AM
    • The loonie (NYSEARCA:FXC) has reversed earlier retail sales-related losses and turned slightly higher vs. the greenback after the Bank of Canada stays on hold, but warns over bubbly housing markets in Ontario, Alberta, and British Columbia.
    • “Housing activity has been more robust than anticipated, buoyed by continued very low mortgage rates and exhibiting strength beyond a rebound from weather-depressed levels earlier in the year," says the bank. "Sales of existing homes have picked up noticeable since the beginning of the year, to a four-year high … This is contributing to sizable increases in house prices."
    • In other news, the bank has canceled its post-meeting press conference as the Canadian parliament goes on lockdown after a shooting at the National War Memorial. This video shows police exchanging gunfire inside a Parliament Hill building.
    • The TSX Composite is lower by 0.8%. EWC -0.6%
    • Previously: Disappointing Canadian retail sales sends loonie even lower
    | Oct. 22, 2014, 11:24 AM | Comment!
  • Oct. 22, 2014, 9:14 AM
    • Pulled down by lower gasoline prices, and sales of new cars and food, Canadian retail sales fell 0.3% in August vs. a forecast of no change. It's the 2nd consecutive monthly drop in retail sales.
    • After removing the effect of price changes - particularly for gasoline - retail sales in volume terms slipped 0.1%.
    • Time to book that trip to Whistler? The news sends the loonie (NYSEARCA:FXC) lower by 60 basis points, now off 0.6% on the session and buying just $0.8861.
    | Oct. 22, 2014, 9:14 AM | 1 Comment
  • Oct. 14, 2014, 3:53 PM
    • Down 1.3% today amid tumbling energy prices, Canada's S&P/TSX is now off more than 10% from a high hit on September 11. The index is dominated by energy and materials stocks - a combined weighting of 71% - good news in a strong global economy, and bad news when oil drops $15 per barrel in a month.
    • Earlier, the IEA slashed its estimate for global oil demand and crude is down more than 4% on the session to the lowest in over two years.
    • The MSCI Canada Index ETF (EWC -1.1%) is off a similar amount to the TSX over the same time frame. Five of its top-10 holdings are banks, but beyond that there's a lot of energy and materials.
    | Oct. 14, 2014, 3:53 PM | Comment!
  • Oct. 1, 2014, 10:19 AM
    • The 53.5 read in the September RBC Canadian Manufacturing PMI compares to August's 54.8, and is the lowest print since June. The Q3 average for the index was 54.2.
    • RBC's Craig Wright: "As we progress into the final months of 2014, we expect a further strengthening in the U.S economy will augment Canadian exports and set the stage for solid manufacturing business conditions overall."
    • The loonie (NYSEARCA:FXC) is up 0.2% on the session following the miss in the U.S. ISM.
    • Stocks (NYSEARCA:EWC) in Toronto are lower by 0.5%.
    | Oct. 1, 2014, 10:19 AM | Comment!
  • Sep. 30, 2014, 8:48 AM
    • Canadian GDP was flat in July vs. expectations for 0.2% growth, and June's 0.3% gain. Annually, GDP grew 2.5% vs. expectations for 2.8% growth, and June's 3.1%.
    • The loonie (NYSEARCA:FXC) weakens by about 30 pips vs. the dollar, now -0.25% and buying just $0.8935.
    | Sep. 30, 2014, 8:48 AM | Comment!
  • Sep. 19, 2014, 8:59 AM
    • The pace of core inflation in Canada popped to 2.1% in August from 1.7% in July. On a monthly basis, core inflation rose 0.5%, the fastest pace since May, and ahead of expectations for a 0.2% gain.
    • The Bank of Canada's forecast is for inflation to average 1.7% in Q3 and 1.8% in Q4.
    • The loonie (NYSEARCA:FXC) is ahead by 0.4% and buying $0.9178.
    • Canada equity ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Sep. 19, 2014, 8:59 AM | Comment!
  • Sep. 5, 2014, 10:42 AM
    • Canadian employment declined by 11K in August vs. expectations for a gain of 10K. The unemployment rate held steady at 7%.
    • Looking into the details shows a pretty shocking loss of 111.8K private sector jobs last month, offset by a 14K gain in public sector employment and a gain of 86.9K in self-employed workers.
    • Over the last year, Canada has added a total of 81.3K jobs, for an average of 6.8K per month.
    • The loonie (NYSEARCA:FXC) is moderately lower following the news, -0.1% and buying $0.9184.
    | Sep. 5, 2014, 10:42 AM | Comment!
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
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