iShares MSCI Canada ETF (EWC)
| Assets | $2.81B |
| Expense Ratio | 0.50% |
| PE Ratio | 16.39 |
| Shares Out | 64.00M |
| Dividend (ttm) | $0.84 |
| Dividend Yield | 1.98% |
| Ex-Dividend Date | Jun 11, 2024 |
| Payout Ratio | 32.49% |
| 1-Year Return | +22.45% |
| Volume | 1,356,998 |
| Open | 42.17 |
| Previous Close | 42.28 |
| Day's Range | 41.94 - 42.24 |
| 52-Week Low | 34.12 |
| 52-Week High | 42.45 |
| Beta | 1.02 |
| Holdings | 91 |
| Inception Date | Mar 12, 1996 |
About EWC
Fund Home PageThe iShares MSCI Canada ETF (EWC) is an exchange-traded fund that is based on the MSCI Canada Custom Capped index. The fund tracks a market cap-weighted index of Canadian stocks. It captures 85% of the publicly available market, excluding all small-caps. EWC was launched on Mar 12, 1996 and is issued by BlackRock.
Top 10 Holdings
42.03% of assets| Name | Symbol | Weight |
|---|---|---|
| Royal Bank of Canada | RY | 7.97% |
| Shopify Inc. | SHOP | 6.08% |
| The Toronto-Dominion Bank | TD | 4.53% |
| Enbridge Inc. | ENB | 4.25% |
| Brookfield Corporation | BN | 3.58% |
| Canadian Natural Resources Limited | CNQ | 3.26% |
| Canadian Pacific Kansas City Limited | CP | 3.20% |
| Bank of Montreal | BMO | 3.15% |
| The Bank of Nova Scotia | BNS | 3.07% |
| Constellation Software Inc. | CSU | 2.93% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 11, 2024 | $0.34929 | Jun 17, 2024 |
| Dec 20, 2023 | $0.48587 | Dec 27, 2023 |
| Jun 7, 2023 | $0.34601 | Jun 13, 2023 |
| Dec 13, 2022 | $0.49149 | Dec 19, 2022 |
| Jun 9, 2022 | $0.27596 | Jun 15, 2022 |
| Dec 13, 2021 | $0.47802 | Dec 17, 2021 |
News
Trump 2.0 And What It May Mean For Markets, The Economy And Canada
What a Trump win means for the markets. A second Trump presidency: The implications for trade.
EWC: Growth Outlook Not Strong Due To Low Exposure To Technology Sector
EWC's high exposure to financials and low exposure to technology dampens its growth outlook compared to the S&P 500. Canada's weak economy and high household debt limit growth prospects for EWC's fina...
Rate Cuts Open Door For Potential Opportunity In REITs
Lower interest rates have boosted REITs. Financial health of the REITs may provide more support. Some REIT sectors are more challenged than others though.
China Outperforms The Rest Of The World
Shanghai CSI 300 has gone from a 52-week low to a 52-week high in only a couple of weeks. Other than China and Hong Kong, Australia is the only other international market starting the week at a 52-wee...
Why Canada's Market Rally May Have Legs
Why Canadian stocks are rallying. Is Canada's equity rally different than the U.S.?
From Bad To Worse: Why Canada Is Finding Itself With A Productivity Problem
Canada's productivity problem. Why Canada's construction industry has begun to struggle.
Highest And Lowest Country ETF Dividend Yields
US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage poin...
Bank Of Canada Balances Growth And Inflation Risks As It Eyes More Cuts
Has the Bank of Canada beaten inflation? Not completely.
Bank Of Canada Cuts For A Third Time With Rates Heading Towards 3%
The BoC cut rates for a third consecutive meeting, citing easing inflation pressures, rising unemployment and a cooling economy. Further cuts are coming, and we are targeting 3% rates for next summer.
Bank Of Canada: Three In A Row With 3% Rates Targeted
The Bank of Canada is widely expected to cut the overnight rate for a third consecutive meeting, as slowing inflation and rising unemployment incentivise the central bank to get policy to a more neutr...
EWC: I Don't See Canadian Stocks Outperforming Going Forward (Rating Downgrade)
Canadian equities have underperformed US stocks in 2024, and I expect that to continue. The theme for 2024 has been AI - and EWC is an ETF that is not well positioned to capitalize on that theme. The ...
Bank Of Canada Delivers Second Consecutive Rate Cut
Bank of Canada cuts again. Are they done for the year?
Bank Of Canada Is Not Afraid Of Diverging From The Fed
The BoC cut rates by 25bp to 4.50% and signalled more cuts are likely on the way. The BoC-Fed policy rate gap is at the widest since 2007 (100bp) and markets are doubting a September cut probably for ...
Are There Canadian Market Opportunities Hiding In Plain Sight?
Canadian stocks to watch in H2 of 2024. Why the Canadian financial sector may provide opportunities.
Canada's Economy Feels Like A Recession
Canada's June unemployment rate of 6.4% was up 160 basis points from the cycle low of 4.8% in June 2022. Since the 1970s, Canada has never had this trough-to-peak rise in the unemployment rate without...
Why Canadian Stocks Are Lagging Their U.S. Counterparts
Why the TSX is lagging the S&P 500. Are Canadian blue chips benefiting from the rate cut?
Inflation In Canada Throws Another Curveball: Core CPI Spikes Month-To-Month By Most Since 2022
When the Bank of Canada cut its policy rates by 25 basis points earlier in June, it based that cut on the inflation rates that had cooled sharply, and it based further cuts on these trends continuing....
EWC: Wait And See Approach For North American Value Play
The iShares MSCI Canada ETF EWC is a financials and energy heavy ETF, trading at attractive valuations compared to broader US markets. EWC has underperformed its peer group of Canada-focused ETFs and ...
As Bank Of Canada Delivers Rate Cut, Is Another Coming In July?
The big risks to the Bank of Canada's rate outlook. What a BoC rate cut could mean for housing.
The Bank Of Canada Cuts Its Overnight Rate To 4.75%
Bank of Canada cuts rates for the first time since 2020. How deep will the BoC rate cuts be in 2024?
Canada's Economy: Still Growing But Losing Steam
The Canadian consumer is feeling the pinch of higher costs. Canadian inflation close to target, once you remove housing costs.
EWC: Canada Exposure With A Different Sector Mix Than The U.S.
Investing in Canada's stock market offers diversification and exposure to robust sectors like natural resources, energy, and mining. Canada's stable political climate, regulatory environment, and bank...
Bank of Canada Keeps Benchmark Rate At 5%
Bank of Canada held its key interest rate steady at 5%, saying more time is needed for higher rates to bring inflation back to target. Maria Solovieva, Economist at TD talks about why a June rate cut ...
Bank of Canada Sticks To Cautious Approach
The BoC has left its policy statement almost unchanged compared to January, defying some expectations that easing references would have been introduced today. This suggests a fairly low chance of a ra...