Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about Canada.
Directly affected
- No company is named in this report.
Indirectly affected
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada
- RY Royal Bank of Canada
Royal Bank of Canada (commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares.
- BNS The Bank of Nova Scotia
The Bank of Nova Scotia (state commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares.
- ENB Enbridge+3.0% 30d
Enbridge (pipe lines (no natural gas)) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares.
- SU Suncor Energy
Suncor Energy (petroleum refining) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWC | +1.43% | +3.07% | base | after close | after close | after close | after close |
| BWX | -0.16% | +0.37% | base | after close | after close | after close | after close |
| EFA | +1.79% | +3.78% | base | after close | after close | after close | after close |
| RY | +1.67% | +4.26% | base | after close | after close | after close | after close |
| BNS | +2.52% | +5.16% | base | after close | after close | after close | after close |
| ENB | +4.94% | +4.06% | base | after close | after close | after close | after close |
| SU | +9.72% | +4.87% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more Money.ca
Source: Money.ca
The price since 8 Nov 2026: Ishares Msci Canada Etf (EWC) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of Nova Scotia (BNS) | three days earlier | +5.16% | final price |
| Bank Of Nova Scotia (BNS) | five days earlier | +2.52% | final price |
| Spdr Series Trust (BWX) | three days earlier | +0.37% | final price |
| Spdr Series Trust (BWX) | five days earlier | -0.16% | final price |
| Ishares Tr (EFA) | three days earlier | +3.78% | final price |
| Ishares Tr (EFA) | five days earlier | +1.79% | final price |
| Enbridge (ENB) | three days earlier | +4.06% | final price |
| Enbridge (ENB) | five days earlier | +4.94% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +3.07% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +1.43% | final price |
| Royal Bank Of Canada (RY) | three days earlier | +4.26% | final price |
| Royal Bank Of Canada (RY) | five days earlier | +1.67% | final price |
| Suncor Energy (SU) | three days earlier | +4.87% | final price |
| Suncor Energy (SU) | five days earlier | +9.72% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 60 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Sheri Biggs bought Bank Of Nova Scotia (BNS) (held by a spouse), worth $500,001 - $1,000,000 on 1 Sep 2026. That is 68 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Sheri Biggs sold Bank Of Nova Scotia (BNS) (held by a spouse), worth $500,001 - $1,000,000 on 19 Aug 2026. That is 81 days before publication. Filed 22 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Msci Canada Etf (EWC)
Companies carried with this story
- EWC Ishares Msci Canada Etf
For “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada
- EFA Ishares Tr
In “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada
- RY Royal Bank Of Canada
Royal Bank Of Canada (RY) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more.” Reason on file: Royal Bank of Canada (commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares
- BNS Bank Of Nova Scotia
For “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more,” Bank Of Nova Scotia (BNS) is linked, with no stored direction, medium confidence. Reason on file: The Bank of Nova Scotia (state commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares
- ENB Enbridge
In “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more,” Enbridge (ENB) is linked, with no stored direction, medium confidence. Reason on file: Enbridge (pipe lines (no natural gas)) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares
- SU Suncor Energy
Suncor Energy (SU) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more.” Reason on file: Suncor Energy (petroleum refining) is one of the largest Canada-based companies traded in the US, so news about Canada (“canadian”) reaches its shares
Ishares Msci Canada Etf (EWC)
Ishares Msci Canada Etf (EWC) is the company in “Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more,” the 8 Nov 2026 this story story.
The link for Ishares Msci Canada Etf (EWC) is this: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)
Also listed, Spdr Series Trust (BWX): SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada
Dates in the story, and the Ishares Msci Canada Etf (EWC) price range
EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46. EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 60.20.
A simple score for Ishares Msci Canada Etf (EWC)
54 out of 100
“Canadian employers budget 3.1% to 3.3% raises for 2027 — barely above inflation. Here's how to negotiate more” scores 54 out of 100. The score uses 2 sources, and 7 linked companies.