5 from 5i: Snowflake and the data blizzard

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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:

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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