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

Equities kicked off the session with a mini-rally at the opening bell only to succumb to profit-taking pressures throughout the day as “fiscal cliff” woes remain the dominant theme on Wall Street. Encouraging comments from Treasury Secretary Geithner over the weekend regarding the tax rate hikes for wealthy Americans caused the market to shed its optimism, although it wasn’t enough to bolster major domestic indexes into green territory on Monday [see 5 Important ETF Lessons In Pictures]. With no major economic data releases taking place on the homefront today, investors will turn their attention to the north where the Bank of Canada is slated to announce its interest rate decision. As such, our radar will focus on the iShares MSCI Canad Index Fund , which could experience volatile trading depending on how markets digest the latest outlook issued by Canada’s central bank. Analysts are expecting the benchmark rate to remain at 1.0%, although the additional economic commentary may [...] Click here to read the original article on ETFdb.com. Related Posts: Biggest Veteran ETF Winners Since Inception Wednesday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Tuesday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Brief History Of ETFs