Market View

Canada’s annual inflation slowed to 2.5 percent in July, which marks a 40-month low, supporting the expectations for a third consecutive interest rate cut from the Bank of Canada. According to the Fed minutes on July 30, several Federal Reserve officials were leaning toward an interest rate cut at the September policy meeting. The Canadian dollar was 73.51 cents USD. The U.S. S&P500 ended the week up 1.0%, while the TSX was up 0.1%.

It was a mixed week of greens and reds. Materials and real estate gained 2.4% and 2.1%, respectively. Financials added 0.8% while consumer discretionary edged up by 0.1%. On the other hand, energy slid by 3.0%, while consumer staples and technology gave up 1.7% and 0.3%, respectively. Industrials ended the week flat. The most heavily traded shares by volume were Lucara Diamond, Toronto-Dominion Bank and Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• How restrictive are “real” interest rates?, written by The Bonddad Blog
• What Investors Should Focus on During Election Season, by Amy C. Arnott of Morningstar
• 15 Ways to Lose Money in the Markets, published by Ben Carlson of Ritholtz Wealth Management LLC
• Berkshire Hathaway: A Mutual Fund in Disguise?, by John Rekenthaler of Morningstar
• Millennials Are Becoming Boomers, by Ben Carlson of Ritholtz Wealth Management LLC

Happy Reading & Stay Safe!

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