5 from 5i: It's time to build

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Market View

Major index futures pointed to a gain today helped by some corporate earnings and oil prices. Record US jobless claims wiped out post-2008 employment gains. European and Asian shares slipped this week and gold remained unchanged. The Canadian dollar was 70.17 cents. U.S. S&P500 slipped 1.5% this week while TSX ended the week up 0.9%.

It was a good week for energy as stocks rose 11.2%, even though they were headed for their third weekly loss. Materials jumped 9.6%, followed by consumer staples at 1.5% gain. Industrials ended the week flat while real estate and financials slipped 5.7% and 4.3%, respectively. Canadian Pacific Railway announced this week that it expects full-year earnings to be flat due to the pandemic and slow crude volumes. The most heavily traded shares by volume were Baytex Energy, Cenovus Energy, and Katanga Mining.

5 from 5i

Here are five reads we found interesting last week:

ICYMI

 Happy Reading & Stay Safe!

 

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

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