Market View

White House economic adviser Larry Kudlow said on Thursday that the US and China are getting close to a trade agreement. The OPEC faces increased competition in 2020 over rising supplies next year. The US dollar strengthened while gold ended the week in negative. The Canadian dollar was 75.57 cents. U.S. S&P500 was up 1.1% this week and TSX was up 1.1% as well.

Healthcare was hit the most this week following some poor results by cannabis stocks. Healthcare slipped by 7.7%, followed by energy, which slid 2.2%. Consumer Discretionary and Financials, both rose by 0.2%, respectively. Canopy Growth reported a bigger than expected quarterly loss, hit by $32.7 million in restructuring charges for returns and pricing allowances primarily related to its softgel and oil portfolio. Canada Goose posted better-than-expected quarterly earnings with it's wholesale business reporting a 22.2% jump in sales to $219.8 million and retail stores and online operations surging 47% to $74.2 million. Loblaw reported market-beating quarterly profit helped by increased sales at its pharmacies and food stores. The most heavily traded shares by volume were Aurora Cannabis, Manulife Financial, and Enbridge.

5 from 5i

Here are five reads we found interesting last week:

-Value is cheaper than momentum

-Currency trading volumes on the rise

-An investing fad

-ETFs are not an asset class

-ESPN personalities for Disney+

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Disclosure: The author does not hold positions in any stocks or funds mentioned.