Market View

This week, investors flocked to the inflation-friendly sectors such as materials. Gold prices rose to their three-month high, while crude prices traded lower. The US dollar edged lower. The Canadian dollar was 79.45 cents USD. U.S. S&P500 ended the week down 0.4%, while the TSX ended the week up 1.0%.

Despite the roller coaster over the past two weeks, most TSX sectors ended the week in green. Healthcare rose 8.2%, while consumer discretionary gained 2.1%. Technology added 1.6%, while consumer staples were up 1.4%. Telecommunications edged up by 0.9%, while energy gave up 2.3%. The most heavily traded shares by volume were Enbridge Inc, Appili Therapeutics, and B2Gold Corp.

5 from 5i

Here are five reads we found interesting last week:

• Why all the inflation worries? By J. Bradford Delong of Project Syndicate
• Minimally extractive meta, posted on the blog Not Boring by Packy McCormick
• The truth about those dollar stores, authored by Brian Vines of Consumer Reports
• What is Web3 and why are all the crypto people suddenly talking about it? By Aaron Mak of Slate.com
• Will the guitar boom outlast COVID? Written by Brian Majeski of Music Trades

Happy Reading & Stay Safe!

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