Canada GDP (MoM) For August 0.0% Vs 0.1% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
Canada's GDP for August remained unchanged at 0.0%, missing the estimated growth of 0.1%.
October 31, 2023 | 12:32 pm
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NEGATIVE IMPACT
The iShares MSCI Canada ETF (EWC) could be impacted by the stagnant GDP growth in Canada for August.
The iShares MSCI Canada ETF (EWC) tracks the investment results of an index composed of Canadian equities. The stagnant GDP growth in Canada for August, which missed the estimated growth, could negatively impact the performance of the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100