5 from 5i: Russia's war on the world's food supply

Barkha Rani Jun 17, 2022
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Market View

The US Federal Reserve raised interest rates by 0.75% this week, most since 1994. This led to a sharp selloff across the world. The US dollar rose this week, while gold prices feel. Sanctions on Iran sent oil prices higher. The Canadian dollar was 76.62 cents USD. U.S. S&P500 ended the week down 4.5%, while the TSX also ended the week down 5.2%.


Another week of dark reds. Energy slid by a whopping 15.2%, followed by real estate and materials, which declined 5.1% and 4.0%, respectively. Financials gave up 3.1%, while technology ended the week down 2.3%. The most heavily traded shares by volume were Athabasca Oil Corp, Cenovus Energy, and Baytex Energy.

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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