Market View

Oil rose above $42 on possible OPEC-led supply curbs, helping Canada’s main stock index. Major North American indices rose just slightly today. The Canadian dollar was 76.09. U.S. S&P500 ended the week down 1.3%, while the TSX ended the week down 1.3% as well.

It was a mixed bag for TSX sectors this week. Healthcare rose 3.7%, followed by telecommunications and energy, both of which grew 1.6%. Consumer discretionary and financials ended the week flat. Technology slid by 4.1% this week, and industrials declined by 3.0%. Consumer staples slipped 2.4%. The most heavily traded shares by volume were Suncor Energy, Air Canada, and Nevada Copper.

5 from 5i

Here are five reads we found interesting last week:

• Dear IRR: It’s not you, it’s me, written by Christopher Schelling of Institutional Investor
• Blockchain, the amazing solution for almost nothing, authored by Jesse Frederick on the Correspondent
• WeWork didn’t blow up without help, by Reeves Wiedeman of the Curbed
• Five ‘mind tricks’ investors can use to fine tune their portfolios, by Peter Hodson published on Financial Post
• Crowding at the ETF graveyard, by Todd Rosenbluth of ETF.com 

Happy Reading & Stay Safe!

Thinking about becoming a 5i Research Member?  

There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

Disclosure: Please note that the author does not hold a financial or other interest stocks or funds mentioned.