Activity in Canada's services industry picked up slightly last month despite a fall in new business and ongoing economic uncertainty.
iShares MSCI Canada ETF is upgraded to a buy, leveraging strong momentum, compelling valuation, and technical strength despite a technical recession in Canada. EWC trades at a low 16.4x P/E with a 15.5% long-term earnings growth rate, yielding an attractive PEG ratio just above 1. The ETF's heavy Financials, Materials, and Energy exposure, plus favorable interest policy and metals momentum, underpin its outperformance versus the S&P 500.
The U.S. decision to suspend planned biannual defense talks with Canada follows deepening concern that Ottawa is failing to take steps to become a "credible" security partner, including by hiking military spending and completing a review of an F-35 fighter jet acquisition, a Pentagon official said on Thursday.
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The company specializes in offering investment solutions that closely track the performance of the Canadian equity market. It commits to investing at least 80% of its assets in the securities that make up its benchmark index or in financial instruments that mimic the economic characteristics of such securities. This strategy is aimed at replicating the broad-based equity performance captured by its underlying index, which encompasses large- and mid-cap Canadian companies. The composition of the underlying index can evolve over time to adapt to the changing landscape of the Canadian economy and stock market.
This product is designed for investors looking to gain exposure to the Canadian equity market through a fund that closely mirrors the performance of a broad-based Canadian equity index. It is ideal for those seeking an investment that aligns with the overall growth and dynamics of Canada's large- and mid-cap market segments.
Besides traditional index funds, the company offers investment solutions that involve assets with economic characteristics substantially identical to the component securities of its underlying index. This approach provides additional avenues for investors to achieve diversified exposure to the Canadian equity market, leveraging assets that, although not part of the index, share similar economic profiles.