5 from 5i: Who is Buying a House in this Market?

Michael Huynh Apr 19, 2024
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Market View

The tensions in the Middle East escalated given Iran’s unprecedented attack on Israel, analysts are raising short-term price forecasts for oil prices in the near term. On the other hand, the Canadian federal government proposes changes to capital gain taxes on companies and wealthy individuals by increasing the inclusion rate on capital gains earnings over $250,000. The Canadian dollar was 72.71 cents USD. The U.S. S&P500 ended the week down 2.4%, while the TSX was down 1.7%.

It was a week of reds. Real estate declined by 3.3%, followed by energy, which declined by 2.4%. Financials, industrials and consumer discretionary gave up 1.6% each, while materials and consumer staples ended the week down 1.3% and 0.2%, respectively. The most heavily traded shares by volume were TC Energy Corporation, Royal Bank of Canada and Argonaut Gold.


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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