5 from 5i

Michael Huynh May 19, 2023
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Market View

May’s homebuilder confidence index in the single-family market rose 5 points to 50 compared to 46 expected, marking a fifth-straight month of gain. On the other hand, the US debt ceiling concerns put pressure on US politicians to raise the nation’s debt limit. The Canadian dollar was 74.00 cents USD. The U.S. S&P500 ended the week up 1.6%, while the TSX was down -0.5%.


It was a mixed bag this week. Healthcare rose 7.0%, followed by a strong rebound in energy, which gained 2.7%. Information technology rose 2.2%, while materials lost 2.5%. On the other hand, consumer staples slid 1.2% while industrials edged up by 0.5%. Financials and consumer discretionary dropped by 0.1% and 0.2%, respectively. The most heavily traded shares by volume were Cenovus Energy, Tourmaline Oil Corp, and Suncor Energy.

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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