Market View

Canada’s December inflation rose 3.4%, matching economists’ estimate, but underlying price pressures remained, dashing hope for an early rate cut. On the other hand, the US S&P 500 rose to a new record above 4,800, setting up the benchmark index for an all-time high. The Canadian dollar was 74.42 cents USD. The U.S. S&P500 ended the week up 0.9%, while the TSX was down 0.4%.

A lot more greens this week than reds. Consumer staples and industrials gained 2.7% and 1.3%, respectively. Financials added 0.9%, while technology and consumer discretionary edged up by 0.8% and 0.5%, respectively. Materials gave up 4.6% and energy ended the week down 4.2%. The most heavily traded shares by volume were Tricon Residential, Birchcliff Energy and Bitfarms.

5 from 5i

Here are five reads we found interesting last week:

• Historical Returns For Stocks, Bonds & Cash, written and published by Ben Carlson of Ritholtz Wealth Management LLC

• Skipping Your Morning Coffee Won’t Make You a Millionaire, by John Rekenthaler of Morningstar

• Retirement Ready, written and published by David Gartland of HumbleDollar

• Industrial production continues in near-recessionary trajectory, written and published by The Bonddad Blog

• Money Misconceptions, written and published by Sanjib Saha of HumbleDollar

Happy Reading & Stay Safe!

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