← Markets

iShares MSCI Canada ETF

EWC · AMEX

Market closed$59.45$0.060000 (+0.10%)After hours $62.75 · +5.55%

Key statistics

Previous close$59.39
Open$59.21
Day high$59.58
Day low$58.97
52-week high$59.61
52-week low$45.66
Market cap5.96B
Volume2.15M
Average volume1.88M
P/E ratio19.69
Forward P/E—
EPS3.02
Dividend yield0.00%

Market context

Why it moved

EWC, the iShares MSCI Canada ETF, edged slightly higher as Canadian equities saw modest buying interest amid stable broader market conditions, with no major catalysts driving a significant directional move.

PolymarketStockanalysisFacebookYelpFacebook

What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026The iShares MSCI Canada ETF closed essentially flat on the regular session but surged over 5% in after-hours trading, nearing $62.75, as a new tariff threat from President Trump targeting Canada over wildfire smoke overshadowed an otherwise constructive Canadian market backdrop. Canada's Big Five banks — the ETF's largest holdings — have been hitting fresh 52-week highs amid record earnings, dividend hikes, and AI investment narratives, while the Bank of Canada's decision to hold rates at 2.25% signals economic stabilization. Elevated TSX valuations (P/E ~21x vs. a 10-year average of ~15x) and ongoing U.S.-Canada trade friction remain key investor watchpoints.

0.101

July 17, 2026The iShares MSCI Canada ETF closed essentially flat, slipping modestly as broad U.S. equity weakness — led by renewed selling in AI and semiconductor stocks — weighed on sentiment, even as the ETF traded near its 52-week high. The dominant macro story for Canada-focused investors was the Bank of Canada's decision to hold its overnight rate at 2.25%, with TD Securities suggesting the BoC could remain on hold until 2027 given improving economic momentum offset by still-elevated inflation. Meanwhile, top EWC holdings benefited from strong tailwinds: Canada's Big Five banks all recently hit new 52-week highs, with Royal Bank (top holding at 9.9%) trading near record levels after beating quarterly earnings estimates and raising its dividend, and CIBC (CM) also reaching a fresh 52-week high. Enbridge received a key Michigan permit for its Great Lakes Tunnel Project, adding a positive catalyst for the energy infrastructure name.

-0.1681

July 16, 2026The iShares MSCI Canada ETF edged higher, closing near its 52-week high as Canada's Big Five banks — which collectively represent the ETF's largest holdings — all hit fresh 52-week highs. Royal Bank of Canada, the top holding at nearly 10%, surged past its 200-day moving average and raised its quarterly dividend to C$1.76, while TD Bank, CIBC, BMO, and Scotiabank also posted strong gains on robust recent earnings beats and dividend hikes. Adding a key macro backdrop, the Bank of Canada held its overnight rate at 2.25%, providing a stable monetary environment for Canadian financials. The broader S&P/TSX Composite also gained, lifted by financial sector strength.

0.5238

July 15, 2026The iShares MSCI Canada ETF edged higher on Tuesday, brushing against its 52-week high, as top holdings Royal Bank of Canada and Toronto-Dominion Bank both hit new 52-week highs amid strong recent earnings beats, dividend hikes, and rising institutional interest. A cooler-than-expected June U.S. CPI print — headline inflation falling to 3.5% — lifted broader market sentiment and supported Canadian financials, which dominate the ETF's portfolio. Energy infrastructure holding Enbridge also gained over 1%, benefiting from elevated oil prices tied to renewed U.S.-Iran tensions in the Strait of Hormuz, while Shopify was upgraded to Buy at Jefferies on agentic commerce potential, adding further upside across the ETF's diversified Canadian holdings.

0.7662

July 14, 2026The iShares MSCI Canada ETF closed essentially flat amid a broad market selloff driven by renewed U.S.-Iran military tensions that sent oil prices surging over 5%. EWC's resilience was supported by strength in its top holdings — Royal Bank of Canada and Bank of Montreal both hit new 52-week highs, while Shopify surged over 3% after a Jefferies upgrade citing agentic commerce potential. Canadian Natural Resources also outperformed on elevated oil prices, providing a natural hedge for the energy-heavy index.

0.1364

July 11, 2026The iShares MSCI Canada ETF edged higher on Friday, supported by broad strength across its top Canadian bank holdings as the S&P/TSX composite outperformed U.S. indices. Royal Bank of Canada — the ETF's largest holding at ~9.7% — rose and outperformed the market, buoyed by better-than-expected Q2 earnings, a dividend hike to $1.76/share, and institutional buying, while CIBC hit a new 52-week high. Shopify, another top holding, surged ~3.4% after Stifel upgraded the stock to Buy with a $150 target, citing market share gains and agentic commerce tailwinds. Canada's economy also showed resilience with a stronger-than-expected April rebound, adding a constructive macro backdrop for the Canada-focused fund.

0.4625

July 9, 2026The iShares MSCI Canada ETF edged higher, buoyed by strength in its top Canadian bank holdings even as geopolitical headwinds from the U.S.-Iran conflict kept a lid on gains. Royal Bank of Canada drew fresh attention after announcing a new board appointment and a Canaccord Genuity price target raise to C$310, while TD Bank and CIBC both carry Moderate Buy consensus ratings with analysts broadly constructive on Canadian financials heading into Q2 earnings season. Shopify, another major EWC holding, slid on governance concerns and rich valuation ahead of its August 5 earnings date, offsetting some of the financial sector tailwind.

0.7073

July 8, 2026The iShares MSCI Canada ETF closed modestly lower, weighed down by a broad risk-off session as President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% and triggering a global flight from equities. The TSX Composite fell as financial and mining losses outweighed energy gains, pressuring EWC's heavily bank-weighted holdings — Royal Bank of Canada, TD Bank, and CIBC collectively represent over 20% of the fund. TD Bank slid 3.1% despite beating fiscal Q2 earnings estimates, while Shopify (the fund's third-largest holding at ~5%) dropped ~4.4% on governance concerns and valuation pressure. In after-hours trading, EWC extended its decline to near -1%, reflecting continued geopolitical uncertainty and inflation fears ahead of the release of Fed minutes.

-0.6683

Seeking Alpha · July 18, 2026Trump threatens Canada with tariffs over wildfire smoke (EWC:NYSEARCA)Seeking Alpha · July 15, 2026Bank of Canada keeps policy rate path on pause at 2.25% (EWC:NYSEARCA)Investor's Business Daily · March 30, 2026Canada's Stocks Are Clobbering S&P 500The Globe and Mail · December 30, 2025BlackRock® Canada Announces Final Annual Reinvested Capital Gains Distributions for the iShares® ETFs
Benzinga · December 19, 2025Wall Street Got Smoked By These 20 Stock Markets In 2025
Benzinga · December 17, 20255 International ETFs to Buy for 2026
Benzinga · December 10, 2025USTR Greer Says It Makes Sense To Discuss Trade Issues Separately With Mexico And Canada; Could Be Certain Areas Where Trilateral Discussions Can Make Sense, Including On Rule Of Law Or External Trade Policies; USMCA Trade Agreement Could Be Exited, Revised Or Renegotiated; All Those Things Are On The Table
Benzinga · December 8, 2025U.S. Does Not Want To 'Terminate' Canada-U.S-Mexico Agreement, Says Ambassador To Canada
Benzinga · December 8, 2025President Trump: We Will End Up Putting Severe Tariffs On Fertilizer From Canada If We Have To.
Benzinga · December 5, 2025President Trump Says Working With Canada And Mexico; Will Meet With Canada And Mexico; Getting Along Very Well; Have Meeting Set Up For After Event, Will Discuss Trade
Benzinga · December 4, 2025U.S. Trade Representative Greer Says There Are Problems With The U.S.-Mexico-Canada Trade Agreement, Already Have Adjustments To Some Of These Challenges; Want To Make Sure That Canada And Mexico Aren't Used As An Export Hub For China, Vietnam Or Indonesia, Among Others
Benzinga · December 4, 2025Mexican President Sheinbaum Says Will Travel To Washington On Thursday To Meet With President Donald Trump And Prime Minister Of Canada

Peers

S&P 500SPX · $7,457.69-1.01%iShares MSCI All Country Asia ex Japan ETFAAXJ · $109.81-1.35%iShares MSCI Global Min Vol Factor ETFACWV · $121.72-0.23%Capital Group Dividend Growers ETFCGDG · $37.84-0.45%iShares MSCI United Kingdom ETFEWU · $46.94-0.06%iShares Morningstar Mid-Cap Growth ETFIMCG · $95.18-0.71%iShares MSCI Intl Momentum Factor ETFIMTM · $51.66-0.56%iShares U.S. Home Construction ETFITB · $97.33-2.85%iShares U.S. Financials ETFIYF · $133.63-0.69%iShares U.S. Healthcare ETFIYH · $67.80-0.47%iShares Future Exponential Technologies ETFXT · $80.04-0.89%