Global equity markets were down 0.4% last week (down 2.2% in the prior week) due to rising yields. Last week, the Bank of Canada raised its overnight lending rate by 0.5%. Elevated geopolitical tensions, weaker retail sales and higher unemployment data from China, and higher oil prices also impacted equity markets.
Valuations of gold producers were flat last week (up 3% previously); base metal producers were also flat (down 5% previously).
As of April 18, 2022, the global MCAP of cryptos is US$1.86T, up 1.6% MoM, and down 15.4% YoY.
Currently, there are 3,186 retail cannabis stores in Canada, an increase of four stores WoW (all in Ontario).
