Market View

While talks of tariffs and trade deals between the US and other countries remained a hot topic of conversation this week, we are also right in the thick of earnings season. Large US tech giants mostly reported strong earnings, with no changes in plans on AI or data center spend, helping to boost the overall tech space. The Canadian dollar was 72.53 cents USD. The U.S. S&P 500 ended the week up 2.6%, while the TSX was up 1.0%.

Some of the more interest-rate sensitive and tariff-related sectors rose the most this week, with consumer discretionary rising 2.9%, financials were up 2.4%, and real estate gaining 2.2%. Other sectors that saw solid gains this week were: consumer staples up 1.5%, healthcare saw a 1.0% gain, tech was up 1.1%, REITs up 1.9%, communications rose 1.7%, and utilities up 0.9%. Some of the weaker sectors were energy, declining 1.4%, and materials down 2.3%. The most heavily traded shares by volume were Bank of Montreal (BMO), Canadian National Railway (CNR), and Shopify (SHOP). 

5 from 5i

Here are five reads we found interesting last week:

• The ETFs that Rise When Markets Fall By Zachary Evens of Morningstar
• 10% Returns in the Stock Market by Ben Carlson of a Wealth of Common Sense
• Target-Date Funds Have Delivered by Janet Yang Rohr of Morningstar
• Real GDP decreased at 0.3% Annualized Rate in Q1 by Calculated Risk
• Where art thou, Jay Powell?!? By Callie Cox of OptimistCallie

Happy Reading & Stay Safe!

Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.