Geopolitics Alpha

The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be

Published . Updated .

Key takeaways

  • Exposed: EWC, BWX, EFA, RY, BNS
  • Market reaction: EWC −0.7% on the day (still updating); BWX −0.2% on the day (still updating); SU +0.6% on the day (still updating)

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GEOPOLITICS ALPHAThe Bank of Canada Is WorriedAbout Inflation: These 2 StocksMight Not BeGEOPOLITICS ALPHA

This report is about Canada.

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWC iShares MSCI Canada ETF+0.1% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • 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-1.8% 10d

    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 (“canada”) 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 (“canada”) reaches its shares.

  • ENB Enbridge+3.9% 30d

    Enbridge (pipe lines (no natural gas)) is one of the largest Canada-based companies traded in the US, so news about Canada (“canada”) 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 (“canada”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWC+0.39%+1.16%base-0.70%after closeafter closeafter close
BWX-0.05%-0.07%base-0.16%after closeafter closeafter close
EFA-0.13%+0.62%base-0.21%after closeafter closeafter close
RY-0.66%+0.70%base-0.11%after closeafter closeafter close
BNS-0.23%+1.48%base+0.20%after closeafter closeafter close
ENB-1.62%+0.13%base+0.05%after closeafter closeafter close
SU+1.03%+2.94%base+0.56%after closeafter closeafter 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.

The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be Moomoo

Source: Moomoo

How far Ishares Msci Canada Etf (EWC) has moved since 2 Nov 2026

CompanyWhenMoveStatus
Bank Of Nova Scotia (BNS)that day+0.20%still updating
Bank Of Nova Scotia (BNS)three days earlier+1.48%final price
Bank Of Nova Scotia (BNS)five days earlier-0.23%final price
Spdr Series Trust (BWX)that day-0.16%still updating
Spdr Series Trust (BWX)three days earlier-0.07%final price
Spdr Series Trust (BWX)five days earlier-0.05%final price
Ishares Tr (EFA)that day-0.21%still updating
Ishares Tr (EFA)three days earlier+0.62%final price
Ishares Tr (EFA)five days earlier-0.13%final price
Enbridge (ENB)that day+0.05%still updating
Enbridge (ENB)three days earlier+0.13%final price
Enbridge (ENB)five days earlier-1.62%final price
Ishares Msci Canada Etf (EWC)that day-0.70%still updating
Ishares Msci Canada Etf (EWC)three days earlier+1.16%final price
Ishares Msci Canada Etf (EWC)five days earlier+0.39%final price
Royal Bank Of Canada (RY)that day-0.11%still updating
Royal Bank Of Canada (RY)three days earlier+0.70%final price
Royal Bank Of Canada (RY)five days earlier-0.66%final price
Suncor Energy (SU)that day+0.56%still updating
Suncor Energy (SU)three days earlier+2.94%final price
Suncor Energy (SU)five days earlier+1.03%final price

Congressional trades in the stocks in this story

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 mentioned with this story

  • EWC Ishares Msci Canada Etf

    In “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be,” 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 (“canada”)

  • BWX Spdr Series Trust

    In “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be,” Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence. 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 “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be,” 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

    For “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be,” Royal Bank Of Canada (RY) is linked, with no stored direction, medium confidence. 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 (“canada”) reaches its shares

  • BNS Bank Of Nova Scotia

    Bank Of Nova Scotia (BNS) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be.” 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 (“canada”) reaches its shares

  • ENB Enbridge

    For “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be,” 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 (“canada”) reaches its shares

  • SU Suncor Energy

    In “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be,” Suncor Energy (SU) is linked, with no stored direction, medium confidence. Reason on file: Suncor Energy (petroleum refining) is one of the largest Canada-based companies traded in the US, so news about Canada (“canada”) reaches its shares

Ishares Msci Canada Etf (EWC)

On 2 Nov 2026, “The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be” is the story that connects Ishares Msci Canada Etf (EWC) to this story.

What ties Ishares Msci Canada Etf (EWC) to the headline is this: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)

A second company, Spdr Series Trust (BWX), is listed for a different reason: 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

The price range for Ishares Msci Canada Etf (EWC), and the dates in the story

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 60.81.

What the saved facts support for Ishares Msci Canada Etf (EWC)

46 out of 100Price not final

“The Bank of Canada Is Worried About Inflation: These 2 Stocks Might Not Be” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.