5 from 5i: China's 'Leveraged Prosperity' model is doomed

Barkha Rani Oct 29, 2021
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Market View


Supply shortages and labor concerns weighed on North American indices as the quarterly earnings season is in progress. The European Central Bank took a dovish stance on interest rate hikes for next year. The Canadian dollar was 80.81. U.S. S&P500 ended the week up 0.9%, while the TSX ended the week down 0.5%.

There were more reds than greens this week. Energy rose 3.0% this week, while healthcare declined by 3.9%, materials slipped by 2.3%, and consumer discretionary dipped down 2.1%. Consumer discretionary gave up 1.6%, and financials ended the week down 0.4%. Technology and telecommunications ended the week nearly flat. The most heavily traded shares by volume were Suncor Energy, Bombardier Inc, and HEXO Corp.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


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



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