|Bid||0.00 x 46000|
|Ask||0.00 x 900|
|Day's Range||27.08 - 27.38|
|52 Week Range||26.91 - 30.60|
|PE Ratio (TTM)||14.77|
|Beta (3Y Monthly)||0.71|
|Expense Ratio (net)||0.49%|
President Trump is eyeing Japan as his next target for tough trade talk. Yahoo Finance's Seana Smith, Dion Rabouin, Andy Serwer and Entrepreneur Magazine's Jason Feiffer.
A sharp rise in the yield of benchmark 10-year U.S. Treasury notes sparked a sell-off in stocks that circled global markets. Debt markets are under pressure with bond prices falling rapidly, prompting investors to head toward products like inverse bonds ETFs for a piece of the pie. Japanese companies have not been spared the rout and fell to a four-week low, while crude oil traded near 4-year highs due to a plunge in Iranian exports as a result of U.S. sanctions. Closing the list, Canadian assets were favored last week on news regarding the rescue of the trilateral North American Free Trade Agreement but did not enjoy the highly anticipated inflows for long. Check out our previous Trends edition at Trending: Communication Stocks in Spotlight Amid S&P Sector Reshuffle.
The United States, Mexico, and Canada (EWC) have agreed to a new NAFTA deal that’s expected to replace the existing one—the United States–Mexico–Canada Agreement (or USMCA). The regional auto content rules have been enhanced under the new agreement, and 75.0% of cars should be made in North America, compared to the previous requirement of 62.5%. The new rules require more automotive production in regions where workers are paid more than $16.00 per hour.
The U.S. capital markets all gained on news that the United States and Canada reached an agreement to revamp the North American Free Trade Agreement, which will be called the United States-Mexico-Canada Agreement. Canada ETFs all gained following the announcement--iShares MSCI Canada ETF (EWC) was up 1.07%, Invesco CurrencyShares Canadian Dollar (FXC) gained 0.91%, SPDR MSCI Canada StrategicFactors ETF (QCAN) rose 0.53%, and Invesco Canadian Energy Income ETF (ENY) was up 0.87% as of 12:00 p.m. ET.
The Trump administration has managed to negotiate a new NAFTA deal whereby the United States will gain access to Canada’s hitherto protected dairy industry.
Canada and Mexico have both shown a willingness and commitment to be flexible in trade talks and now is the time for the Trump administration to follow suit, Canadian American Business Council CEO Maryscott Greenwood told CNBC Wednesday. "It would be a giving up of our sovereignty and our identity and that is something that we will simply not accept," Trudeau was quoted by CBC as telling reporters Tuesday.
“They (Canada) want to be part of the deal, and we gave until Friday and I think we’re probably on track. "We recognize that there is a possibility of getting there by Friday, but it is only a possibility, because it will hinge on whether or not there is ultimately a good deal for Canada," Trudeau announced in a press conference, according to CNBC.
Following this week's trade pact between the U.S. and Mexico, the Trump Administration is aiming to arm-wrestle Canada to agree to more favorable trade terms in the U.S., particularly in matters of agriculture and dairy. President Trump has gone as far to say that he will drop the "NAFTA" name and name this week's agreement the "United States-Mexico Trade Agreement," potentially leaving Canada out in the cold. However, the deal still faces approval from Congress, which is likely to move forward only if Canada is brought on board as a trilateral agreement is paramount given the relevance across many industries, including agriculture, autos, manufacturing, steel and energy.
According to Canada's Foreign Affairs Minister Chrystia Freeland, ongoing talks with the U.S. remain "constructive" despite the threat of punitive tariffs on Canadian-made cars if Canada spurns the prospect of a new North American Free Trade Agreement come Friday. "It was a very constructive meeting with Ambassador (Robert) Lighthizer and his team and we'll be back again tomorrow," said Freeland. In the meantime, Canada-focused ETFs could be poised to gain, such as iShares MSCI Canada ETF (EWC) , JPMorgan BetaBuilders Canada ETF (BBCA) and Invesco CurrencyShares Canadian Dollar (FXC) .
Mexico's government made its position clear Monday that Canada needs to be at the negotiating table, a position the Trump administration isn't necessarily against, Canadian American Business Council CEO Maryscott Greenwood said during CNBC's "Squawk Box" segment Tuesday. Canadian Minister of Foreign Affairs Chrystia Freeland is in Washington to oversee an "intensive week" of trilateral talks that could lead to an agreement for all three countries as early as this week.
After President Donald Trump threatened to withdraw from the North American Free Trade Agreement, a modified deal between the U.S. and Mexico has been reached, Trump said in r emarks Monday in the Oval ...
Per a Politico report, the United States and Mexico are finalizing a deal on the automotive rules of origin section as part of an effort to revamp the North American Free Trade Agreement. This would mark a significant step forward in renegotiating NAFTA as the autos deal has been one of the primary points of contention in getting a deal done. Mexican Economy Secretary Ildefonso Guajardo is set to meet with U.S. Trade Representative Robert Lighthizer in Washington on Thursday for another round of ministerial meetings running through Friday, reports Politico.
The S&P 500 is down 0.8 percent in the past month amid a stream of negative international trade headlines. It seems there’s a new tariff being threatened or applied on a weekly basis. For investors who ...
Canada is the latest country to join in on the tariff battle against the United States as it imposed retaliatory tariffs last Friday in response to U.S. duties on steel and aluminum, causing most Canada-focused ETFs to open on the downside in the early going of Monday's trading session. iShares MSCI Canada ETF (EWC) opened down 1.37 percent, Invesco CurrencyShares Canadian Dollar (FXC) was down 0.41 percent, SPDR MSCI Canada StrategicFactors ETF (QCAN) was the only Canada ETF to open in the green--up 0.6 percent , and Invesco Canadian Energy Income ETF (ENY) opened down at 0.87 percent.
Italy’s growing political crisis spread to financial markets, prompting a backlash from investors funding its highly indebted economy.
Let's have a look at some ETFs that are poised to benefit from global trade war fears and some that are likely to be affected.
Kinder Morgan Inc (NYSE:KMI) shareholders finally have a reason to smile. Just recently, Bloomberg reported that the Canadian government is likely to buy the energy company’s Trans Mountain oil pipeline. As a result of the news, KMI stock closed up nearly 1% on May 29.
The U.S. government announced a national security investigation into auto imports, which may boost/hurt these ETFs and stocks.
Is the Sell-Off in US Aluminum Producers Justified? Last week, President Trump temporarily exempted some countries from the Section 232 tariffs. According to the Commerce Department, the United States imported ~6 million metric tons of aluminum in 2016.