5 from 5i: Structural or Transitory?

Chris White Nov 26, 2021
Headline image for 5 from 5i: Structural or Transitory?

Market View

Trading activity was fairly muted this week until the discovery of a new COVID-19 variant shook the global markets. Gold prices increased, and both the US dollar and oil traded lower. The Canadian dollar was 78.32 cents USD. U.S. S&P500 ended the week down 1.88%, and the TSX declined 1.93% on the week.

Most sectors ended the week down, except for telecommunications which rose by 0.1%. Technology fell by 3.2%, materials were down 2.0%, and financials decreased by 1.6%. Consumer discretionary and consumer cyclicals fell by 3.1% and 3.3%, respectively. The most heavily traded shares by volume were Cenovus Energy Inc., Athabasca Oil Corporation, and Suncor Energy Inc.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


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



Login to post a comment.

No comments have been posted yet.