Market View

Oil prices fluctuated meaningfully as the U.S. struck three Iranian nuclear facilities, and tension in the Middle East further escalates as Iran retaliates against US energy supply. On the other hand, Canadian home prices are expected to decrease by 2 percent in 2025 due to the uncertainty around the trade war, which hits buyer confidence. The Canadian dollar was 73.38 cents USD. The U.S. S&P 500 ended the week up 2.1%, while the TSX was up 0.3%.

A lot more greens this week than reds. Technology and financials gained 1.5% and 1.3%, respectively. Consumer staples and materials added 0.2%, each, while consumer discretionary edged up by 0.1%. Energy ended the week down 5.5%, while real estate dropped slightly by 0.9%. Industrials ended the week flat. The most heavily traded shares by volume were TC Energy (TRP), Shopify (SHOP), and Royal Bank of Canada (RY).

5 from 5i

Here are five reads we found interesting last week:

• What’s Better Than U.S. Bonds for Downside Protection?, published by Nick Maggiulli of Of Dollars and Data
• How to Make Money in Real Estate, published by Ben Carlson of Ritholtz Wealth Management LLC
• The Most Volatile Decade, written by Ben Carlson of Ritholtz Wealth Management LLC
• The Importance of Doing Very Little, published by Roger Nusbaum of Random Rogers Portfolio & Retirement Lab
• Navigating war, published by Callie Cox of OptimistiCallie 

Happy Reading & Stay Safe!

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