iShares MSCI Canada ETF favored due to Bank of Canada rate hike and strong energy prices

The iShares MSCI Canada ETF (EWC) is recommended as a buy, supported by the Bank of Canada's recent modest interest rate hike which benefits Canadian banks that make up nearly 40% of the ETF's assets. Additionally, high energy prices strengthen Canada's export-driven economy, enhancing the ETF's outlook for the rest of the year. EWC focuses on large-cap, stable financial institutions, offering defensive stability rather than high-risk exposure. This makes it a solid investment option amid current macroeconomic conditions.

The iShares MSCI Canada ETF (EWC) trades at USD 61.66 on Pluang as of Oct 30, 2026 19:11 WIB, close to its 52-week high of USD 62.64 and well above its 52-week low of USD 49.72. Its 1-day gain of 0.21% contrasts with the broader market's fluctuations, highlighting steady investor interest. The ETF's market cap stands at $7.65 billion, with investors typically holding it for about 61 days, reflecting moderate-term confidence in its defensive positioning.