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
This month brought us some interesting news from Canada, as Prime Minister Justin Trudeau won the Federal election to return for a second term as the leader of Canada. There has also been some progress in the US/China trade talks and the US Federal Reserve has decided to cut rates once again. We also came closer than ever to a BREXIT deal that eventually was shut down, but it shows there is at least some progress being made. Many of the major headlines have either concluded, are in the process of being resolved or shine a positive light towards the markets. This should give investors more predictability going forward which should drive markets higher.
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?