5 from 5i: Good losses, bad losses

Barkha Rani Jul 22, 2022
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Market View

The TSX Composite has closed higher for five straight trading days, the longest streak in over two months. This week investor sentiment has been on eggshells so as to not spook the positive streak. The strengthening US dollar has been weighing on growth-oriented tech stocks, while gold traded in a tight range. The Canadian dollar was 77.90 cents USD. U.S. S&P500 ended the week up 1.6%, while the TSX also ended the week up 2.0%.


All but one sector ended the week in green. Technology rose the highest at 7.2%, followed by real estate, which added 4.7%. Consumer discretionary crept up 3.0%, followed by financials at 2.5%, and healthcare at 2.1%. Materials ended the week down 1.1%. The most heavily traded shares by volume were Suncor Energy, Hut 8 Mining Corp, and Barrick Gold Corp.

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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