Market View
The Bank of Canada held interest rates unchanged at 2.75 per cent for a third consecutive time, as Trump’s tariffs deadline looms. In addition, the Federal Reserve held interest rates steady amid tariff uncertainty, while President Trump repeatedly demanded that the central bank reduce borrowing costs. The Canadian dollar was 72.22 cents USD. The U.S. S&P 500 ended the week down 0.2%, while the TSX was down 0.2%.
It was a mixed week of greens and reds. Technology rose 3.5%, while real estate and energy gained 1.1% and 0.9%, respectively. Materials slid by 1.5%, while financials and consumer discretionary gave out 0.8%, each. Consumer staples ended the week down 0.6%, while industrials went down slightly by 0.3%. The most heavily traded shares by volume were Bank of Montreal (BMO), Celestica (CLS) and Royal Bank of Canada (RY).
5 from 5i
Here are five reads we found interesting last week:
- The Big Secret to Long-Term Investment Success, by Daniel Sotiroff of Morningstar
- The Best Leading Indicator of Wealth, published by Nick Maggiulli of Of Dollars and Data
- Housing Market Nobility, published by Ben Carlson of Ritholtz Wealth Management LLC
- Nothing Works All The Time, written by Ben Carlson of Ritholtz Wealth Management LLC
- The Charts from Goldman Sachs Show How Much the Stock Market Is in Thrall To A Speculative Frenzy, as written by Luke Kawa of Sherwood News
Happy Reading & Stay Safe!
Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.
Comments
Login to post a comment.