Market View
Gold prices weakened softening TSX’s weekly return. The US dollar and oil prices rose this week. The Canadian dollar was 78.19 cents USD. U.S. S&P500 ended the week down 5.2%, while the TSX also ended the week down 3.1%.
It was a week of reds. Healthcare declined 11.0%, followed by technology, which declined by 5.0%. Financials gave up 4.0%, while consumer discretionary and consumer staples ended the week down 2.8%. The most heavily traded shares by volume were Baytex Energy, Athabasca Oil Corp, and Cenovus Energy.
5 from 5i
Here are five reads we found interesting last week:
- The bad vibes economy, authored by Emily Stewart of Vox
- The war in Ukraine is fuelling a global food crisis, by Dea Bankova, Prasanta Kumar Dutta, and Michael Ovaska of Reuters
- We are not in a recession, nor is one inevitable, written by Claudia Sahm of Stay-At-Home Macro
- The great inflation of the 1970s and lessons for today, published by Edward Nelson of the Federal Reserve Board
- The inefficient market hypothesis, posted on Young Money by Jack Raines
Happy Reading & Stay Safe!
Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.
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