EWC: Canada Jobs Market Turns Soft, Threatening The Equity Rally

EWC has strong YTD returns and trades at all-time highs, but valuation is stretched with a P/E near 17x and PEG around 1.8x. Canada's labor market is weakening, with falling full-time employment and rising unemployment, raising macroeconomic risks for EWC's cyclical portfolio. Technical analysis shows bullish long-term trends, but bearish momentum divergence and seasonally weak months suggest a possible correction ahead.