5 from 5i

Michael Huynh May 26, 2023
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Market View 

Negotiations are underway for a debt ceiling deal and are close to a compromise to raise the debt limit for two years. While consumer confidence dipped in May to 59.2 from 63.5 in April as the economic outlook deteriorates, ahead of the consensus of 58. The Canadian dollar was 73.39 cents USD. The U.S. S&P500 ended the week up 0.2%, while the TSX was down 2.3%.


Most sectors ended the week in the red. Healthcare gave up 7.2%, while materials slid 5.2%. Industrials edged lower by 3.1%, while financials slipped by 2.1%. Consumer discretionary and energy dropped by 1.1% and 0.8%, respectively. The only sector that was in the green this week is technology which gained slightly by 0.3%. The most heavily traded shares by volume were Toronto-Dominion Bank, Crescent Point Energy, 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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