Market View

Data showed the Chinese economy slipped into deflation last month, raising the chances of additional stimulus measures. US CPI rose 3.2% from a year ago, coming in slightly better than expected. The Canadian dollar was 74.42 cents USD. The U.S. S&P500 ended the week down 0.8%, while the TSX was up 1.1%.

It was a mixed bag with more greens than reds this week. Energy and consumer staples added 3.5% and 3.1%, respectively. Telecommunications edged up by 1.4%, while financials and healthcare added 1.2%, each. Industrials and materials ended the week up 1.0%, each. Consumer discretionary and technology slid by 3.4% and 2.1%, respectively. The most heavily traded shares by volume were Canopy Growth Corp, Air Canada, and Argonaut Gold.

5 from 5i

Here are five reads we found interesting last week:

• Inflation and the cost of tighter monetary policy, published by FRED Economic Data
• Value investor’s quarterly letter, posted by St. James Investment Company
• As EVs surge, so does nickel mining’s death toll, by Ayomi Amindoni of Rest of World
• Sending it forward: Successfully transitioning out of the CEO role, published by McKinsey and Company
• What does an inverted yield curve tell us? By Cullen Roche of Discipline Funds

Happy Reading & Stay Safe!

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