At the time of writing this article, we are on day 37 of province-wide closures in Ontario and similar time frames for the rest of our great nation of Canada. About 10 days prior to this, all of our schools were temporarily closed on March 14th, 2020 (which would bring that total to 47 days). While it may feel like day 370 (or 470), it has only been 37 days since all non-essential businesses were closed on March 24th, 2020. Yet, the lasting impact may be felt for years to come, with real-world changes coming into our lives. Read more
One of the Worst Months in History
This has been one of the worst months in history for the stock markets. The economies around the world have come to a screeching halt and the majority of people around the world have been told to stay away from work and stay away from each other to avoid the spread of COVID-19 virus. While the first 3 weeks may have been the worst in history, the 4th week was the best since the 1930s, as we rallied off the back of government stimulus.
Coronavirus Bring Down The Market
The Positive Momentum for Global Markets
As the yearly returns can attest this year has been something rarely seen, SIMULTANEOUS GLOBAL GROWTH. The economic numbers from around the world have been steady as the result of monetary stimulus taking hold and elevating the markets. Not surprisingly, equities have been the place to be, because with new money being pushed into the market (quantitative easing) and zero or negative interest rates (guaranteed losing return); where else could you get a return on your investment?