Market View
NASDAQ is on track for a third straight positive week. Oil prices rise after supply cuts from Venezuela, Libya, and Iran. JP Morgan starts off first-quarter earnings season on a strong positive note. Shanghai and Japan stocks closed yesterday at a four-month high. The European Central Bank kept its monetary policy unchanged as expected, allowing recent stimulus some time to work into the economy. The Canadian dollar was 75.07 cents. U.S. S&P500 and TSX, both ended the week up 0.4%.
Four of the twelve subgroups ended in the negative territory this week. Energy jumped the highest by 3.5%, followed by technology 2.1% and Consumer Discretionary by 0.5%. Healthcare slipped by 2.4% and materials by 1.5%. The most heavily traded shares by volume were Baytex Energy, Encana and Crescent Point.
5 from 5i
Here are five reads we found interesting last week:
-Top five return-killing portfolio mistakes
-Value ETFs and their characteristics
-Bond Market Update
-International stocks and where they stand
-Keys to managing your portfolio
BONUS: How to incorporate pension in your retirement planning and portfolio
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