5 from 5i: It's time to build

Headline image for 5 from 5i: It's time to build

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:


 Happy Reading & Stay Safe!


Thinking about becoming a 5i Research Memebr?  There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

Button for free trial

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

CMS Buy Now