Market View

Statistics Canada reported a net loss of 30,600 jobs last month, while the expectations were of a gain of 15,000 jobs. The unemployment rate came in steady at 4.9% as the participation rate declined. The US dollar rose slightly while gold and crude oil prices slipped. The Canadian dollar was 77.27 cents USD. The U.S. S&P500 ended the week up 0.8%, while the TSX ended the week flat.

Some large swings were seen this week. Healthcare gained 7.4%, followed by technology, which added 6.1%. Industrials ended the week up 3.2%, while consumer discretionary gained 2.7%. Energy slid by 7.4%, and consumer staples declined by 1.5%. The most heavily traded shares by volume were Enbridge Inc, Cenovus Energy, and Athabasca Oil Corp.

5 from 5i

Here are five reads we found interesting last week:

• You are a better investor than you think you are, published in the Onveston Letter
• Tracking single-stock ETFs’ early performance, by Sumit Roy of ETF.com
• Ferrari rides Formula 1 success to record sales, written by Joseph Pompliano of Huddle Up
• The future of America’s EV charging network takes shape, posted on Axios by Joann Muller
• Apple’s next big move will probably be smaller than you think, authored by Jason Snell of Macworld

Happy Reading & Stay Safe!

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