- Jan 6, 2021
EQUITIES COMMENT- Science to the Rescue
Vaccines a Game Changer - During the fourth quarter, an end to the pandemic came into sight. Three vaccines to fight COVID-19 received approval and effectiveness was above expectations. This news provided a tremendous boost to investor optimism. Canadian stocks rose 9%. U.S. and International stocks gained 7% and 11% respectively, in Canadian dollar terms. In fact, U.S. stocks reached new all-time highs. Good news on the vaccine front was supplemented by the Democrat wi
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- Jan 6, 2021
ECONOMIC & FIXED INCOME COMMENT - There is Light
Most people would like to say goodbye to 2020 and are excited about the prospects of 2021. The impact of the COVID-19 virus and rollout of vaccines is having a major impact on economic forecasts for 2021. Having said that, economists have tried to add up the data and come up with their best estimates. Clearly, there is a lot of variability in the forecasts due to unknown changes in the behaviour of the virus going forward. On a global basis, GDP is expected to grow 5.5% in 2
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