Market View

U.S. Consumer Price Index (CPI) in December rose at an annualized rate of 2.6 percent, slightly less than expectation. Prime Minister Mark Carney announced to cut tariff on Chinese electric vehicles (EVs) in return for lower duties on Canadian farm products. The Canadian dollar was 71.83 cents USD. The U.S. S&P 500 ended the week down -0.1%, while the TSX was up 1.0%.

A lot more greens this week than reds. Energy edged up 6.0%, while materials and industrials gained 2.9% and 2.3%, respectively. Real estate added 1.5%. On the other hand, technology gave up 5.2%, consumer discretionary and consumer staples edged lower by 0.9% and 0.2%, respectively. Financials ended the week flat. The most heavily traded shares by volume were Constellation Software (CSU), Barrick Mining Corporation (ABX), and Royal Bank of Canada (RY).

5 from 5i

Here are five reads we found interesting last week:

•  The Incredible Valuation Heights of the OpenAI “Constellations”, published by M.G. Siegler of Spyglass.
•  Updating My Favorite Performance Chart For 2025, published by Ben Carlson of Ritholtz Wealth Management LLC
•  Is a House Still a Good Investment Right Now?, written by Ben Carlson of Ritholtz Wealth Management LLC
•  Big Pharma enters 2026 with an appetite for deals, written by J. Edward Moreno of Sherwood News
•  Move Over, ChatGPT, published by Lila Shroff of The Atlantic.

Happy Reading & Stay Safe!

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