5 from 5i: The case for (always) staying invested

Barkha Rani Mar 04, 2022
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Market View

The US reported positive economic news this Friday including larger-than-expected nonfarm job creation, steeper-than-expected unemployment rate decline, and lower-than-expected wage inflation. This only marginal helped North American indices as major indices (S&P500, TSX, NASDAQ, DOW) are tracking a weekly loss. Gold prices steadied this week as well, while oil prices rose to new highs due to the escalating Russia-Ukraine war. The Canadian dollar was 78.50 cents USD. U.S. S&P500 ended the week down 0.4%, while the TSX also ended the week down 0.4%.

 

Materials, energy, and telecommunication sectors came out at the top this week gaining 6.4%, 4.8%, and 4.1%, respectively. Utilities added 3.3%, and consumer staples edged up 1.2%. Financials ended the week flat. Healthcare slid by 7.4%, while technology gave up 4.7%. Consumer discretionary slipped by 1.7%. The most heavily traded shares by volume were Bombardier Inc, Athabasca Oil, 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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