5 from 5i: You can make any piece of data look bad if you try

Barkha Rani Aug 19, 2022
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Market View

China lowered two key lending rates injecting more cash into its economy. The People’s Bank of China cut its one-year lending facility rate by 10 basis points to 2.75% and cut the seven-day lending rate by the same amount to 2%. China is now a monetary policy outlier, while other major economies increase lending rates to curb inflation. Oil prices fell due to a dim demand outlook, and Euro slipped some more. The Canadian dollar was 77.02 cents USD. The U.S. S&P500 ended the week down 1.0%, while the TSX ended the week up 0.1%.



It was a rather uneventful week for Canadian equities. Energy added 4.0%, while consumer staples gained 2.1%. Technology gave up 5.0%, and healthcare and materials slid by 2.0% and 0.9%. Financial, consumer discretionary, and industrials ended the week flat. The most heavily traded shares by volume were Fortis Inc, Canadian Natural Resources, and Athabasca Oil Corporation.

5 from 5i

Here are five reads we found interesting last week:


Happy Reading & Stay Safe!


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



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