5 from 5i: The secret bank behind the fin-tech boom

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Market View

Following the approval of the USMCA, futures of Canada’s main index rose. Investors are optimistic that the trade deal between the US and China would be signed in early January. Oil and gold fell, while the dollar rose. The Canadian dollar was 75.94 cents. U.S. S&P500 was up 1.2% this week and TSX was up 0.6%.

Energy jumped the highest by 3.9%, followed by technology that jumped 1.5%. Healthcare slid by 4.8%, and consumer staples fell by 1.1%. Blackberry posted market-beating quarterly revenue helped by sales from its licensing and cybersecurity businesses. Adj. revenue rose 23% to $280 million, vs estimates $275.7 million. The most heavily traded shares by volume were Bombardier, Blackberry and Encana.

5 from 5i

Here are five reads we found interesting last week:

-The secret bank behind the fin-tech boom

-The oddest chart in mutual funds

-Michael Bloomberg, with a computer system you’ve probably never seen

-The decade of Netflix

-S&P500’s performance over a decade

 

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Disclosure: The author does not hold positions in any stocks or funds mentioned.

 

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