5 from 5i: All markets are uncertain

Barkha Rani Feb 17, 2023
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Market View

The Canadian economy added 150,000 net jobs in the month of January, beating expectations by a wide margin. US CPI figure shrunk down to 6.4% year-over-year in January, making it the seventh consecutive month of easing inflation. On month-to-month basis, however, CPI rose 0.5% month-over-month, compared with a previous 0.1% increase in December. The hawkish comments weighed on US indices. The retail sales data that came out on Wednesday revealed that consumers spent more money in every category of goods and services. Additionally, the numbers for manufacturing and mining indicated added momentum in economic activity. Initial jobless claims in the US came in at 194,000 versus 200,000 expected reflecting a tight labor market. The Canadian dollar was 74.09 cents USD. The U.S. S&P500 and the TSX ended the week down 0.5%, each.


Another week of greens and reds mixed. Healthcare added 10.3%, while consumer discretionary and consumer staples added in the 2.0% range, each. Utilities gained 1.7%, and financials ended the week relatively flat. Energy and technology gave up 5.1% and 2.1%, respectively. The most heavily traded shares by volume were Air Canada, Cenovus Energy, and Summit Industrial Income REIT.

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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