Market View

Canada’s Consumer Price Index (CPI) fell to 1.6 percent in September, the slowest year-over-year increase in more than three years and well below the Bank of Canada’s target of 2 percent. On the other hand, Oil fell below $70 as traders brace for a large build in US crude inventories and China’s plans on fiscal policy along with the escalation in the Middle East. The Canadian dollar was 72.56 cents USD. The U.S. S&P500 ended the week up 1.6%, while the TSX was up 2.0%.

All but one sector rose this week. Materials edged up 3.6%, while financials added 2.7%. Consumer discretionary, industrials and real estate gained 1.5%, each. Technology and consumer staples gained 0.9% and 0.5%, respectively. Energy ended the week down 2.7%. The most heavily traded shares by volume were Royal Bank of Canada, Lithium Americas Corp and BlackBerry.

5 from 5i

Here are five reads we found interesting last week:

•  A Few Thoughts On Diversification Strategies, written by Lawrence Hamtil of Fortune Financial
• Higher Earner Not Rich Yet, published by Ben Carlson of Ritholtz Wealth Management LLC
• 6 Lessons From My 6-Week Mini-Retirement, by Amy C. Arnott of Morningstar
• The Simple Secrets of Modest Millionaires, published by Jesse Cramer
• A Staggering Amount of Wealth Creation, 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.