Market View

The consumer price index jumped 7.5% in January from the year prior, the biggest gain since 1982. The Ambassador Bridge remains blocked. The US dollar strengthened while gold prices steadied. The Canadian dollar was 78.79 cents USD. U.S. S&P500 ended the week down 0.4%, while the TSX ended the week up 1.7%.

It was a mixed bag of reds and greens this week. Healthcare rose 9.6%, followed by materials which gained 4.7% this week. Financials added 2.0%, while consumer staples edged up 1.6%. Consumer discretionary gave up 0.8%, while technology and energy ended the week down 0.2%, each. The most heavily traded shares by volume were Baytex Energy, OceanaGold Corp, and, Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• Digital advertising in 2022, by Ben Thompson of Stratechery
• The internet turned “money” into a hobby, written by Rebecca Jennings of the Vox
• Are you diversified? By Joseph Calhoun of Alhambra Investments
• The economics of Spotify, authored by Mark Dent of the Hustle
• How we broke the supply chain, by David Dayen and Rakeen Mabud of the American Prospect

Happy Reading & Stay Safe!

Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.