5 from 5i: 9.2% and the master of Twitter

Barkha Rani Apr 08, 2022
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Market View

Canada announced a reduction in long-term bond issues on the back of a positive outlook beyond COVID-19. Major North American indices showed a reversal this week as recession stress looms over investors. The US dollar continued to strengthen pushing down gold prices. Oil prices declined as more inventory was released by countries. The Canadian dollar was 79.45 cents USD. U.S. S&P500 ended the week down 0.8%, while the TSX also ended the week down 0.2%.

 

It was another week of a mix of greens and reds. Healthcare and technology sectors fell by 4.3% and 4.0%, respectively. Real estate declined by 2.1%. Consumer discretionary and materials ended the week flat, while consumer staples and energy added 3.8% and 1.5%, respectively. The most heavily traded shares by volume were Suncor Energy, Athabasca Oil, and Tamarack Valley 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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