5 from 5i: A dramatic reversal in the market

Barkha Rani Nov 13, 2020
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Market View

Stronger gold prices helped Canada’s main stock index today even as cases rose to record levels this week. Possible effective COVID-19 vaccine news soared investor confidence. Oil and US dollar slipped. The Canadian dollar was 75.93. U.S. S&P500 ended the week down 0.3%, while the TSX ended the week up 0.8%.

It was a mixed bag for sectors this week. Energy rose 4.6%, followed by financials at 3.1%. Consumer discretionary jumped 2.9%, while technology slid down 3.8%. Consumer staples and healthcare slipped 3.1% and 2.4%, respectively. The most heavily traded shares by volume were Manulife Financial, Enbridge, and Bombardier.

5 from 5i

Here are five reads we found interesting last week:


Happy Reading & Stay Safe!


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Disclosure: Please note that the author does not hold a financial or other interest stocks or funds mentioned.



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