Market View

The 30-year fixed mortgage rates fell for the fifth straight week to 7.22% from 7.29%, bringing more traffic back to the market, but many buyers prefer to wait. While the unemployment rate in Canada rose to 5.8% in November, as high interest rates weighed on job creation. The Canadian dollar was 74.09 cents USD. The U.S. S&P500 ended the week up 0.8%, while the TSX was up 1.6%.

All but one sector rose this week. Materials added 3.2%, while industrials and financials added 2.0% each. Real estate and technology added 1.8% and 1.3%, respectively. Consumer discretionary edged up 1.0%, and energy rose 0.7%. Consumer staples ended the week down 2.2%. The most heavily traded shares by volume were Canopy Growth, Hut 8 Mining, and Canadian Natural Resources.

5 from 5i

Here are five reads we found interesting last week:

• 9 of Charlie Munger’s best investing lessons and words of wisdom, by Nicole Lyn Pesce of Morningsta
• ‘Same as ever’, Lessons on wealth, greed, and happiness from Morgan Housel, authored by Bob Pisani of CNB
• 5 Questions I Have About the Economy, written and published by Ben Carlson of Ritholtz Wealth Management LLC
• How Bullish Were You in 2011?, written and published by Barry Ritholtz of Ritholtz Wealth Management LLC
• Retirement Roulette, written and published by Jonathan Clements of HumbleDollar 

Happy Reading & Stay Safe!

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