5 from 5i The IPO of Airbnb

Headline image for 5 from 5i The IPO of Airbnb

Market View

OPEC+ agreed to keep the supply cut intact helped oil prices, which supported TSX. Britain became the West’s first country to approve Pfizer’s COVID-19 vaccine, reaching the most vulnerable people early next week. In hopes of an additional US economic stimulus, the US dollar remained flat while gold rose. The Canadian dollar was 78.10. U.S. S&P500 ended the week up 1.5%, while the TSX ended the week up 0.9%.

It was a very uneventful week with more greens than red. Materials grew 3.5%, while energy rose 2.4%. Consumer discretionary gained 1.8% while industrials remained flat. Healthcare slid 1.6%. The most heavily traded shares by volume were Aurora Cannabis, Suncor Energy, and The Green Organic Dutchman Holdings.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!

 

Thinking about becoming a 5i Research Member?  

There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

Button for free trial

Disclosure: Please note that the author does not hold a financial or other interest stocks or funds mentioned.