By Derek Skomorowski, investment analyst
If you happened to blink, you might have missed it, but the market experienced a pretty steep drop in the first quarter of 2020. Since then, the economy’s come a long way in trying to reopen and shutdown, only to reopen and shutdown again. Now the world seems on the brink of recovery with the breakthrough that is the long-awaited COVID-19 vaccine.
Considering the widespread lockdowns, travel restrictions, consumer trepidation and plunging business confidence, there’s little doubt that the market rebound we’ve experienced owes itself in large part to the previously inconceivable levels of government spending and central bank support.
Debt + debt = more debt
For Canadians, from the perspective of our national debt, navigating our way through the pandemic has been a pricey endeavour.
Read the rest of the article here >> EdgePoint 4th Quarter Commentary – 2020 – Fixed Income
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