5 from 5i: Coronavirus and your portfolio

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Market View

S&P500 and TSX futures edged higher as investors assess the impact of the virus outbreak. US dollar rose, while gold stayed flat. The Canadian dollar was 75.49 cents. U.S. S&P500 gained 1.8% this week and TSX rose 1.1%.

It was a mixed bag this week. Technology rose the highest, at 4.0%, followed by consumer discretionary, which rose 2.0%. Healthcare slipped the most by 2.6% and consumer staples by 0.3%. Bombardier agreed to sell its stake in its commercial aircraft program to Airbus and Quebec. The deal gives Airbus a 75% share in the A220 jetliner program and Quebec a 25% share. Canadian Tire beat quarterly profit estimates helped by its credit card business and strong demand at its retail stores. Brookfield Asset Management announced a three-for-two stock split of the company’s outstanding Class A Shares. The most heavily traded shares by volume were Aurora Cannabis, Bombardier, and HEXO Corp.

5 from 5i

Here are five reads we found interesting last week:

-Coronavirus and your portfolio

-“Boring” assets

-Measuring performance

-Yield comes at a price

-Bull market, here to stay?

 

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Disclosure: The author does not hold positions in any stocks or funds mentioned.

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