5 from 5i: A dramatic reversal in the market

Headline image for 5 from 5i: A dramatic reversal in the market

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:

ICYMI

Happy Reading & Stay Safe!

 

Thinking about becoming a 5i Research Member?  

There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

Button for free trial

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