Global equity markets were up 0.3% on average last week (down 0.1% in the prior week) even though markets pulled back significantly on Thursday and Friday, due to a robust U.S. jobs report. September inflation data is expected this Thursday. As the employment market was strong last month, we expect inflation to remain elevated. The consensus estimate for September inflation is 8.1% vs 8.3% in August.
Valuations of gold producers were up 5% last week (up 10% in the prior week); base metal producers were up 2% (up 7% in the prior week).
The global MCAP of cryptos is US$0.95T, down 1% MoM, and 59% YoY.
Currently, there are 3,369 retail cannabis stores in Canada, a decrease of six stores WoW. There was one new store in Alberta, but six store closures in Ontario, and one in B.C. As mentioned in our previous reports, we do not believe the sector is slowing down, rather, we believe there is a shift in store locations, as certain areas are oversaturated.
