Market View

Canadian Finance Minister Chrystia Freeland presented this year’s Federal budget this week, which included a heavier focus on scaling up investment in clean technology, healthcare, and help for low-income households. The Canadian dollar was 73.91 cents USD. The U.S. S&P500 ended the week up 2.8%, while the TSX was up 2.5%.

On average, larger swings were seen this week. Consumer staples and energy added 5.4% and 4.8%, respectively. Consumer discretionary gained 4.2%, while technology ended the week up 3.7%. Real estate and industrials gained 2.5%, each, while healthcare gave up 1.0%. The most heavily traded shares by volume were BlackBerry Limited, Shaw Communications, and TC Energy Corp.

5 from 5i

Here are five reads we found interesting last week:

• Why investment complexity is not your friend, authored by Amy Arnott of Morningstar
• How Microsoft became tech’s top dog again, by Preston Gralla of ComputerWorld
• Remote banking crisis, written and published by Dror Poleg
• The venture capitalist’s dilemma, by Molly White

• Society’s technical debt and software’s Gutenberg moment, published on Irregular Ideas with Paul Kedrosky and Eric Norlin of SK Ventures

Happy Reading & Stay Safe!

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