Global equity markets were down 4.7% on average last week (flat in the prior week) as U.S. inflation hit a 40-year high of 8.6% last month. The US$ was up 2.4% last week, as the Fed is expected to keep raising rates to combat inflation.
Valuations of gold producers were flat last week (down 2% in the prior week); base metal producers were down 8% (up 4% in the prior week).
Currently, the global MCAP of cryptos is US$975B, down 24% MoM, and 42% YoY.
Currently, there are 3,281 retail cannabis stores in Canada, a decrease of one store WoW. There were nine new stores in Ontario, and four each in Alberta and Manitoba. However, Quebec reported 18 store closures. We were unable to confirm if it is a data-entry error, or whether the province did have 18 closures. We should get more clarity when the province discloses its store-count next week.
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