Market View

US President Donald Trump to sign off on a phase-one trade deal with China, effectively retracting the Dec 15 introduction of US tariffs on about $160 billion of Chinese goods. Canada’s main index futures rose on the news. European shares rose on increased odds of an orderly Brexit following an election victory for Prime Minister Boris Johnson. Gold prices rose slightly, while the US dollar fell. The Canadian dollar was 75.98 cents. U.S. S&P500 was up 0.7% this week and TSX was down 0.1%. 

Healthcare rose the highest, at 7.3%, followed by materials, which rose 2.6%. Energy rose by 1.8%. Consumer Staples slide 2.6%, and telecommunications and technology, both, fell by 1.2%. Encana Corp has filed paperwork with the US SEC as it plans to shift its base to the US. Hudson’s Bay reported a $226 million loss this quarter, vs. $161 million a year before. Total revenue fell 2.3% to $1.84 billion. The most heavily traded shares by volume were Aurora Cannabis, Encana Corp and Crescent Point Energy.

5 from 5i

Here are five reads we found interesting last week:

-Best and worst performing country ETFs

-Behavior and investors

-Notes from Sohn London Investment Conference 2019

-FAMANGs and their impact

-Advantages of mutual funds?

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Disclosure: The author does not hold positions in any stocks or funds mentioned.