Market View

China and the US have decided to enter into a fresh round of trade talks later in August, confirmed by National Economic Council Director Larry Kudlow. This has come as a relief for investors hoping for a resolution to the ongoing trade spat between the two countries. The Turkish Lira fell to a record low earlier this week after President Donald Trump authorized the doubling of metal tariffs on Turkey. The inflation rate in the country hit 16% vs central bank’s target of 5%. Investors fear that this might cast trouble onto other countries. The Canadian dollar was 76.06 cents U.S. The week ended with the TSX down 0.3% and S&P 500 up 0.4%.

Six of the eleven TSX subgroups rose this week. Health care inched the highest by 3.9%, telecommunications and consumer staples up by 2.3% each, and real estate and financials up by 1.9% and 1.7%, respectively. The material sector was down by 6.9%, while energy and technology were down by 3.5% and 1.4%, respectively. Canopy Growth jumped up by 32.1% after Constellation Brands announced it has upped its stakes in Canopy to 38% by investing another $5 billion. The most heavily traded shares by volume were Aurora Cannabis, Canopy Growth and Red Eagle Mining.

5 from 5i

Here are five reads we found interesting last week:

-Not all Value stocks are golden eggs.

-Would Apple have survived if it weren’t for it’s well thought out supply chain?

-Oil and the U.S.: Where it stands now

-Do bonds provide diversification in the current market?

-How is the US doing relative to emerging markets? 

See our previous Five from 5i here:

Is a 0% Expense Ratio really a 0% Expense Ratio?