5 from 5i

Michael Huynh Apr 28, 2023
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Market View

US GDP growth in the first quarter slows to 1.1% on the back of resilient consumer spending, while business investments experience a pullback. On the other hand, Canada’s GDP in March is expected to shrink by 0.1% as growth in the services sector begins to slow. The Canadian dollar was 73.81 cents USD. The U.S. S&P500 ended the week up 0.7%, while the TSX was down 0.1%.


It was a mixed week of greens and reds. Energy rose 0.9%, while technology lost 0.2%. Industrials slid 2.5% while consumer staples edged up by 0.6%. Financials and consumer discretionary dropped by 0.2% and 0.6%, respectively. The most heavily traded shares by volume were Cenovus Energy, Suncor Energy, and Athabasca Oil Corporation

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.



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