5 from 5i: The illusion of knowledge

Barkha Rani Sep 23, 2022
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Market View

The US Federal Reserve delivered another supersize interest rate hike of an expected 0.75%, with more signaled to come. Bank of England hiked the interest rate by half point to 2.25%. The Canadian dollar was 73.72 cents USD. The U.S. S&P500 ended the week down 4.5%, while the TSX ended the week down 3.8%.


It was a sea of reds this week. Energy slid by 7.9%, followed by healthcare at 7.0%, and technology at 3.8%. Consumer staples and financials declined by 3.6%, each, while materials and industrials gave up 2.7%, and 2.5%, respectively. The most heavily traded shares by volume were Suncor Energy, Baytex Energy, and Athabasca Oil Corp.

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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