5 from 5i

Michael Huynh May 05, 2023
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Market View

The Fed raises interest rates by 25 basis points to 5.25%, in line with expectations, while also being committed to bringing inflation back to the target of 2%. Meanwhile, the price of oil marks its first drop below $68 per barrel in 2023 amid global recessionary concerns. The Canadian dollar was $74.40 cents USD. The U.S. S&P500 ended the week down 0.7%, while the TSX was down 0.6%.


A lot more reds this week than greens. Technology added strongly 6.9%, while energy slid by 4.6%. On the other hand, financials gave up 1.9% and Consumer discretionary ended the week down 1.5%, while consumer staples and industrials slid by 2.1% and 0.6%, respectively. The most heavily traded shares by volume were Air Canada, Tourmaline Oil Corp, and Enbridge.

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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