Market View

Queen Elizabeth II died at age 96, concluding a 70-year reign. Bank of Canada raised the key interest rate by 0.75% to 3.25%. Canada expects to see an addition in jobs this month after two consecutive months of losses. The Canadian dollar was 76.65 cents USD. The U.S. S&P500 ended the week up 1.7%, while the TSX ended the week up 2.0%.

It was a relatively quiet week with materials adding 5.3%, followed by financials at 3.3%. Healthcare, technology, and industrials gained 2.8%, each. Energy gave up 2.6%. The most heavily traded shares by volume were Canadian Natural Resources, Corus Entertainment, and Crescent Point Energy.

5 from 5i

Here are five reads we found interesting last week:

• The size factor: Small caps are trading at the steepest discount to large caps in decades, authored by Dan Rasmussen, Brian Chingono, and Nick Schmitz of Verdad
• Car companies are making a deadly mistake with electric vehicles, by David Zipper of Slate.com
• Twitter’s edit button is a big test for the platform’s future, by David Pierce of the Verge
• Your guide to ‘good news is bad news’ and ‘bad news is good news’, posted on TKer by Sam Ro
• What’s alpha? Written by John Rekenthaler of Morningstar

Happy Reading & Stay Safe!

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