|Bid||27.45 x 36900|
|Ask||27.84 x 47300|
|Day's Range||27.67 - 27.87|
|52 Week Range||22.89 - 29.54|
|PE Ratio (TTM)||15.13|
|Beta (3Y Monthly)||0.94|
|Expense Ratio (net)||0.47%|
From the fallout caused by a continuing trade war with China to the continued uncertainty posed by Brexit to ever-present geopolitical risks in the Middle East, the headlines don’t inspire confidence. While this ETF has indeed tailed off recently on trade-war uncertainty and its longer-term performance is more challenged, it is still up about 22% year-to-date.
American Trade Deficit Widens in MarchAmerican trade improvesThe monthly report on US international trade published by the US Bureau of Economic Analysis showed March exports at $212 billion, an increase of $2.1 billion (~1%) over February. Exports
April Manufacturing PMI Update: US, Canada, UK, China(Continued from Prior Part)China (FXI)Two PMI measures, the Caixin/Markit (INFO) PMI and the index released by the National Bureau of Statistics or NBS, showed slowing growth in China’s
For more than two decades, the iShares MSCI Canada ETF (NYSE: EWC ) was the primary game in town for U.S. investors looking to access Canadian stocks via the exchange traded funds wrapper. From its debut ...
The economy of Canada contracted modestly in the month of February as investors kept a close watch on global growth numbers in 2019. Statistics Canada reported Tuesday that Canada’s GDP was down 0.1 percent ...
The U.S. plans to not renew Iran oil import waivers previously granted for a few countries, sending oil prices shooting up. A few country ETFs will gain and some will lose from the move.
First Quantum Minerals (FM) has received “strong buy” ratings from eight analysts, while nine have given it “buy” ratings or some equivalent. The remaining five analysts polled by Thomson Reuters on November 22 have rated the stock as a “hold.”
Bank of Canada has increased rates for the third time this year and fifth time since last year, putting Canadian ETFs in focus.
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) .
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.