Tuesday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC)

Stocks kicked off the week on shaky footing as major equity indexes struggled to hold above key support levels following Friday’s massive sell-off. Markets briefly peered into positive territory Monday morning as elections in Spain over the weekend restored bailout hopes for the debt-burdened nation. Better-than-expected earnings from Caterpillar received little to no attention as profit-taking pressures broadly dominated markets throughout the entire session [see also ETF Insider: Buy On This Dip With Caution]. Earnings season continues full steam ahead at home, while on the international front the Bank of Canada interest rate decision comes into the spotlight later today. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund [etf ticker='EWC' ratings='true'], which may see an increase in trading activity following the economic commentary issued after the rate decision; analyst are largely expecting for the nation’s benchmark rate to remain unchanged at 1.0% [see also Free Report: How To Buy [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Brief History Of ETFs Canada ETFs: 9 Ways To Play Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) 3 ETFs To Watch This Week: EWA, EWC, RTH