Market View

Major North American indices saw a decline today in wake of the US jobs report miss and US President Trump’s diagnosis. Canada announced a $10 billion infrastructure plan to aid economic recovery. The Canadian dollar was 75.31. U.S. S&P500 rose 0.7% this week and the TSX ended the week down 0.8%.

With a sharp decline this morning, some sectors were able to make their way up. Consumer discretionary grew 1.1% over the past week, and technology rose 0.9%. Energy declined the most, by 6.7%, followed by healthcare at -1.7%. The most heavily traded shares by volume were Suncor Energy, Crescent Point Energy, and Canadian Natural Resources.

5 from 5i

Here are five reads we found interesting last week:

• The September market swoon accomplished most of what corrections are supposed to do, written by Michael Santoli on CNBC
• There's still no such thing as free lunch, by Carolyn Gowen on the financial bodyguard
• Blank-check companies: be careful, by Ruth Saldanha of Morningstar
• We can protect the economy from pandemics, why didn't we? published on wired by Evan Ratliff 
• Welcome to FinTok, where day trading, options investing, and misinformation reign, by Alicia McElhaney of Institutional Investor

Happy Reading & Stay Safe!

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