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Rebounding oil prices help Canadian equities extend their longest winning streak since August Canada’s equity market is one of two developed markets, along with New Zealand, that are back to positive this year Supporting the rally in Canadian stocks are raw-materials and energy producers Since the January 20 lows, the iShares MSCI Canada ETF (NYSEArca: […]

The central bank of the United States (a.k.a. the Federal Reserve) may hike its overnight lending rate in December. Committee members are also discussing plans to phase out the reinvestment of principal on balance sheet securities. Translation? Borrowing costs are set to move higher. The Fed is tightening for the first time in nearly a […]

Crude oil-related exchange traded funds are continuing their downward spiral as the global supply glut distends on increased production out of the Organization of Petroleum Exporting Countries. On Friday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, fell 2.3% and the United States Brent Oil Fund (NYSEArca: BNO), […]

Decked by tumbling commodities prices, Canadian stocks and the relevant exchange traded funds trading in the U.S. have suffered this year, but the bad times could continue as the northern neighbor to the U.S. enters a recession. The combination of a weakening energy outlook and the depreciating currencies are dragging on the ETFs that cover […]

The slipping oil prices are pressuring commodity-sensitive currencies, along with major oil-exporters and country-specific exchange traded funds. The United States Brent Oil Fund (NYSEArca: BNO) fell 13.8% over the past three months. Brent crude oil futures are now trading around $56.7 per barrel. Meanwhile, currencies of major oil exporters, including Canada, Russia and Nigeria, depreciated […]

While the Canadian economy has been knocked around this year, largely due to the falling crude oil prices, investors should not count out Canada country-specific exchange traded funds. Canadian equities are heavily skewed toward the energy sector, which has weighted on the overall market. For instance, the iShares MSCI Canada ETF (NYSEArca: EWC), which includes […]

With the energy shock abating, Canada’s economy is on the mend and the country-specific exchange traded fund is now trading back above its long-term trend. The iShares MSCI Canada ETF (NYSEArca: EWC) increased 8.2% over the past month and is hovering above its 200-day simple moving average. Additionally, the First Trust Canada AlphaDEX Fund (NYSEArca: […]

After weakening in response to the plunge in oil prices, Canadian markets and related exchange traded funds are bouncing back, with the fallout in energy mostly put behind them. For example, the Guggenheim Canadian Energy Income Fund (NYSEArca: ENY), which tracks Canadian oil and gas producers and oil sands resources categories, jumped 4.1% Wednesday, following […]

Expanding upon its popular currency-hedged foreign equity strategies, BlackRock (NYSE: BLK) iShares is working on a slew of currency-hedged adaptations of its global and country-specific exchange traded funds. In anticipation of a strengthening U.S. dollar in response to Federal Reserve rate hikes ahead and loose-monetary-policy-fueled growth abroad, iShares is crafting currency-hedged versions of a number […]

West Texas Intermediate futures are up another 1.3% today, a gain that comes on the heels a massive Friday spike that sent oil traders scurrying to cover short positions. The oft-derided United States Oil Fund (NYSEArca: USO) is up nearly 4% today on volume that is almost 20% above the daily average. Don’t look now, […]

The Canadian banking sector is on pace for its worst start to a new year in 25 years, dragging on Canada country-specific exchange traded funds. Year-to-date, the iShares MSCI Canada ETF (NYSEArca: EWC) declined 7.9% while the First Trust Canada AlphaDEX Fund (NYSEArca: FCAN) decreased 11.2%. The Standard & Poor’s/TSX Commercial Banks Index fell 9.5% […]

The Bank of Canada joined the list of global central bank surprises Wednesday, announcing an unexpected interest rate cut of 25 basis points, bringing the country’s benchmark borrowing rate to 0.75%. Unexpected though the rate cut may have been, U.S. investors do not appear enthused because the reaction by Canada exchange traded funds in early […]

Canada stocks and related country-specific exchange traded funds may keep underperforming as concern builds over the housing market and lower oil prices weigh on the energy sector and loonie currency. Year-to-date, the iShares MSCI Canada ETF (NYSEArca: EWC) is up 1.2% and the First Trust Canada AlphaDEX Fund (NYSEArca: FCAN), which employs growth and value […]

Canada is the world’s largest developed market oil producer and one of the largest non-OPEC producers, so it is not surprising that Canadian stocks are struggling as oil prices tumble. That alone is problematic for U.S.-listed exchange traded funds, namely the iShares MSCI Canada ETF (NYSEArca: EWC), but talk that dividends at Canadian energy firms […]

Before setting off to enjoy the spoils of another Thanksgiving (family, feasting and football), exchange traded funds investors may want to consider doing some pre-Turkey Day shopping. Although U.S. stocks slightly backed off record highs Tuesday despite a surprise GDP report that said the world’s largest economy grew 3.9% in the third quarter, well above […]

Canadian energy stocks and country-related exchange traded funds are sliding as the stubbornly low oil prices put into question the economics behind pushing forward the delayed Keystone XL pipeline. The Guggenheim Canadian Energy Income Fund (NYSEArca: ENY) dipped 2.8% Thursday. ENY has declined 16.6% over the past three months. Broad Canada stock ETFs also weakened […]

A Republican victory in Congress has increased the likelihood of passing the Keystone XL crude oil pipeline project, bolstering Canadian energy stocks and country-specific exchange traded funds. The Guggenheim Canadian Energy Income Fund (NYSEArca: ENY) jumped 3.2% Wednesday. Broad Canada stock ETFs also strengthened Wednesday, with the iShares MSCI Canada ETF (NYSEArca: EWC) rising 1.6% […]

Canada country-specific exchange traded funds continue to fall off, with the Canadian equities market dipping to an eight month low, as lower oil prices push down energy stocks for the 10th consecutive day. Over the past three months, the iShares MSCI Canada ETF (NYSEArca: EWC) has dropped 10.1% and First Trust Canada AlphaDEX Fund (NYSEArca: […]

While we’ve been distracted by our own earnings hits and misses, Canadian stocks and related exchange traded funds are also pushing toward record highs on better-than-expected earnings results. The iShares MSCI Canada ETF (NYSEArca: EWC) has increased 12.9% year-to-date, trading near its highest level in three years. Meanwhile, the First Trust Canada AlphaDEX Fund (NYSEArca: […]

The Canadian dollar jumped Friday to its highest level since January, with the currency-related exchange traded fund now testing its long-term resistance, after inflation exceeded the central bank’s target for the first time in over two years. The CurrencyShares Canadian Dollar Trust (NYSEArca: FXC) was up 0.6% Friday. FXC is up 4.0% over the past […]

Canada’s status as one of the world’s largest oil producers outside the Organization of Petroleum Exporting Countries (OPEC) is fueling a resurgence in exchange traded funds tracking the countries equities. The iShares MSCI Canada ETF (NYSEArca: EWC), the largest U.S.-listed Canada ETF, is up 9.4% over the past 90 days, a gain that is 380 […]

Many Americans are already planning how they will spend the Memorial Day weekend with plenty cheering the fact that they do not have to work next Monday. Prior to heading out for the long weekend, traders with a shorter time horizons may want to consider a trade with Canada exchange traded funds, such as the […]

Canada exchange traded funds jumped Friday, with Canadian equities touching a five-year high, on an unexpected spike in consumer spending that helped bolster fourth quarter growth. The iShares MSCI Canada ETF (NYSEArca: EWC) rose 1.1% Friday while First Trust Canada AlphaDEX Fund (NYSEArca: FCAN) gained 1.4%. [ETF Chart of the Day: Bieber ETFs] Canada’s consumer […]

A weaker currency is often believed to be a benefit to a country’s exporter, but the tumbling Canadian dollar is not yet having a significant impact on the iShares MSCI Canada ETF (NYSEArca: EWC). Home to $3.22 billion in assets under management, EWC is by far the largest Canada ETF trading in the U.S. and […]

Last year belonged to developed markets, plain and simple, and the bullishness was not confined to the 32.3% gained by the SPDR S&P 500 (NYSEArca: SPY). In local currency terms, Japanese stocks were among the developed world’s best performers, helping the WisdomTree Japan Hedged Equity (NYSEArca: DXJ) not only soar to prominence for its asset-gathering […]

There are examples, primarily in the technology and Internet spaces, of stocks sporting lofty valuations for extended periods of time. For example, some market observers believed Amazon (NasdaqGM: AMZN) was expensive at $180, $200 and $250 a share. The stock closed near $387 Friday. However, when it comes to global exchange traded funds, cheap has […]

The Canadian dollar exchange traded fund took another hit Wednesday, with the loonie weakening to a three-year low against the greenback, as the Bank of Canada kept rates unchanged but left room for further cuts. The CurrencyShares Canadian Dollar Trust (NYSEArca: FXC) dipped 0.4% Wednesday. FXC has declined 2.1% over the past month and is […]

The International Monetary Fund believes Canada has some wiggle room to keep benchmark rates unchanged until early 2015, putting pressure on the loonie and Canadian dollar exchange traded fund. The CurrencyShares Canadian Dollar Trust (NYSEArca: FXC) dipped 0.6% Wednesday. FXC is down 5.6% year-to-date. The IMF expects Canada’s inflation level to hit the Bank of […]

Oil prices are heating up along with the rhetoric surrounding a potential U.S. military strike on Syria. Oil ETFs are an obvious way to position for higher energy prices, but single-country funds are another strategy and investors have many options. “First, higher oil demand is a seasonal summer trend not only in developed nations but […]

Canada’s single country exchange traded fund can offer a portfolio stable diversification benefits that also maintains exposure to natural resources and commodities from a developed nation. “Unusually for a developed nation, Canada is a major commodity exporter. It’s confirmed oil reserves, including oil sands, are second only to Saudi Arabia, and it’s a major producer […]