Market View

US job growth surged in September, while unemployment rate was unchanged of 3.8%, suggesting a strong labor market for the Federal Reserve to raise interest rates this year. While, Canada added 63,800 jobs in September, and employment rate stood at 5.5%, the figures beat consensus estimate for a modest gain of 20,000 positions and jobless rate of 5.6%. The Canadian dollar was 73.21 cents USD. The U.S. S&P500 ended the week slightly up 0.5%, while the TSX was down 1.5%.

Another week of greens and reds mixed. Energy and healthcare gave up 4.9% and 3.6%, respectively. In addition, financials slid by 1.9%. Materials edged down 1.2%, while consumer discretionary dropped 1.1%. Consumer staples added 1.4%. Information technology gained 1.0%, and industrials ended the week slightly up 0.1%. The most heavily traded shares by volume were Canopy Growth, Baytex Energy, Toronto-Dominion Bank

5 from 5i

Here are five reads we found interesting last week:

• Higher For Longer vs. the stock Market, authored by Ben Carlson of Ritholtz Wealth Management LLC
• Why don’t you just sell all your stocks and buy ETFs, you’ll probably have better performance, by Conor Mac of Investment Talk
• Economic Moats: The Key Ingredient for Sustainable Dividends and Buybacks, authored by Todd Wenning of Flyover Stocks

• Boom in new ETFs defies saturation warnings, published by InvestmentNews

• Tails between our legs, written and published by Joachim Klement of Klement on Investing

Happy Reading & Stay Safe!

Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.