Market View

The U.S. Consumer Price Index (CPI) rose 2.8% year-over-year in February, below expectations of 2.9%, which also marked the slowest pace of gain in four months. On the other hand, the Bank of Canada cuts interest rates by 0.25 percent, a seventh consecutive interest rate cut, bringing its key rate down to 2.75 percent as economists expect tariffs could slow down the economy further. The Canadian dollar was 69.23 cents USD. The U.S. S&P500 ended the week down 3.6%, while the TSX was down 1.4%.

Another week of greens and reds mixed. Consumer staples rose 4.5%, while consumer discretionary and consumer staples edged lower by 4.0% each. Industrials and financials gave up 3.4% and 2.9%, respectively, while real estate slid by 2.7%. Energy edged up by 3.7%, and materials ended the week up 3.5%. The most heavily traded shares by volume were Canadian Natural Resources (CNQ), Enbridge (ENB) and Suncor Energy (SU).

5 from 5i

Here are five reads we found interesting last week:

• What Happens in a Recession?, published by Ben Carlson of Ritholtz Wealth Management LLC
• How to Avoid Outliving Your Retirement Savings? It’s All in the Sequence, by Jeffrey Ptak of Morningstar.
• Why Housing Affordability Keeps Getting Worse, written by Emily Peck of Axios
• Never Root for a Recession, published by Nick Maggiulli of Of Dollars and Data
• How Many Americans Don’t Save For Retirement?, written 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.