iShares MSCI Canada ETF

EWC

Market cap $5.4B

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.

Canada's economy unexpectedly shrank for a second consecutive quarter with a dip in activity to start the year as exports faltered but imports rose and weakness in business and government investment balanced increased household spending.

Ottawa, Ontario--(Newsfile Corp. - May 27, 2026) - In 2025, long-standing assumptions about the stability of Canada's trade relationship with the United States were seriously challenged. How businesses responded often depended on how exposed local economies were to U.S. supply chains and how easily businesses could simply shift toward new markets.

The Trump administration's trade agency ‌said on Wednesday it will kick off the first of three negotiating rounds with Mexico this week to revamp the North American trade agreement, but made no mention of any talks with Canada.

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Canadian Prime Minister Mark Carney has called a looming poll on whether Alberta should become independent "a dangerous bluff." Carney, who was head of the Bank of England when the U.K. voted to leave the EU, likened Alberta's separatist movement to Brexit.

Statistics Canada's industrial product price index increased 2% in April from the month before, representing its fourth consecutive rise.

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.

Strong earnings and energy exposure have helped Canadian equities outperform despite mounting geopolitical and inflation pressures. The Strait is still closed, and so we thought maybe the worst of the oil price surge was behind us a month ago when we got the ceasefire.

Contrary to what some Trump officials believe, Europe remains critical to our defense and, indeed, to securing the Free World. Therefore, the sudden, unexpected cancellation of a U.S. Army armor brigade's deployment in Poland raises a deeply disturbing question: Is Washington retreating from Europe?