Market View

Canada’s annual inflation edged up to 1.9 percent in January, the faster price increases were partly due to the temporary effect of the GST/HST tax break, making the case for the Bank of Canada to pause cutting interest rates in the near term. On the other hand, crude oil prices have risen for three consecutive sessions to above $72 on the prospect of supplies tightening from Organization of the Petroleum Exporting Countries (OPEC+). The Canadian dollar was 70.54 cents USD. The U.S. S&P500 ended the week up 0.9%, while the TSX was down 0.3%.

Another week of greens and reds mixed. Energy rose 1.4%, while real estate gained 0.6%. Financials added 0.3%. Technology and consumer staples slid by 1.8% and 0.8%, respectively, while consumer discretionary gave up 0.6%. Industrials edged lower by 0.2% while materials ended the week flat. The most heavily traded shares by volume were Royal Bank of Canada (RY), Enbridge (ENB), and Canadian Natural Resources (CNQ).

5 from 5i

Here are five reads we found interesting last week:

• Should You Pay Off Your Mortgage Before Retirement?, published by Ben Carlson of Ritholtz Wealth Management LLC
• Beliefs, Misconceptions & Behaviors, written by Barry Ritholtz of Ritholtz Wealth Management LLC
• Young homebuyers are vanishing from the housing market, just look at this chart, written and published by Lance Lambert of FastCompany
• What It Looks Like to Run Out of Money, published by Dr. Jim Dahle of The White Coat Investor
• 13 Thoughts to Survive and Grow Through a Market Fall, published by Safal Niveshak.

Happy Reading & Stay Safe!

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