Market View

Worries about rising coronavirus cases and slow economic recovery weighed on major North American indices. The Canadian dollar was 75.91 cents. U.S. S&P500 was down 0.8% this week and the TSX ended the week down 0.4%.

It was a relatively dull week with mixed results. Energy ended the week flat, while industrials jumped 1.2%. Technology was down 2.6%, and consumer discretionary and consumer staples slipped by 0.8% and 0.5%, respectively. Nuvei's shares opened at C$45.25, a 32% premium to the stock's initial public offering price of $26. The most heavily traded shares by volume were Kinross Gold, Enbridge, and Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• The S-1 Club, Snowflake and the data blizzard, by Gabriele of The Generalist
• Masa Madness, a sane analysis of SoftBank's crazy business, posted on Not Boring by Packy McCormick
• Some people never let Blackberry go. Their reward? A 2021 comeback, by Sophie Charara of Wired
• One job, expectations and the role of intangible investments, by Michael Mauboussin and Dan Callahan of Morgan Stanley 
• Starbucks, monetary superpower, written by JP Koning

ICYMI

• Ditch your RRSP and four other unorthodox ideas that could make you money, by Peter Hodson on Financial Post

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.