5 from 5i: Boring Battle: Bond ETFs vs GICs?

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Market View

President Donald Trump is scheduled to appear at a meeting today, along with other world leaders, including those who currently govern nations that Trump has inflicted tariffs upon. Trump accused France and Canada of levying "massive tariffs" and establishing "non-monetary barriers." Investors drove the tech-heavy Nasdaq Composite up to a new all-time record close of 7,638.94. Oil tumbles due to decreasing Chinese demand, soaring US production, offsetting Venezuelan and Iranian supply worries and production cuts led by the Organization of the Petroleum Exporting Countries. On Thursday, the Senate voted to legalize recreational marijuana, putting Canada on track to become the first G7 nation to permit national use of the drug. Prices for the benchmark for the 10-year U.S. Treasury raised yields to 2.93% from Thursday's 2.92%. The Canadian dollar stayed close to 77.1 cents US. The TSX ended the week up ~0.7% while the S&P 500 was up ~1.2%.

It has generally been a positive week for all TSX subgroups except for consumer staples, down 2.2% and energy, down 1.2%. Healthcare jumped 8.2%, while information technology jumped 2.9% followed by consumer discretionary, up 2.2%. Health care was led by a jump in cannabis stocks such as Aurora Cannabis and Canopy Growth. Industrials and Utilities remained flat week-to-week. Dollarama reported below-expected results, having missed sales estimates due to a long winter. Airbus SE has set July 1 as the effective date to close the deal to take a controlling stake in Bombarider Inc’s CSeries jetliner program. The most heavily traded shares by volume were Aurora Cannabis, Trican Well Service, and Canopy Growth Corporation.

5 from 5i

Here are five reads we found interesting last week:

-How non-risky do you need to get: Bond ETFs vs GICs?

- Legal marijuana in Canada will still have to compete with the black market. 

-Is Disney producing too many movies?

-Netflix’s mind games won’t let it go away any time soon

-Overconfidence in Financial Markets is a real thing

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