Share on facebook
Share on twitter
Share on linkedin

The North American economies endured an unprecedented case of whiplash in 2020. The shock of the COVID-19 pandemic triggered the most pronounced economic contraction of the current era, followed by record expansions in both countries. North American stock markets also suffered their fastest onset of bear markets on record. Surprisingly many, by year-end, the main U.S. and Canadian equity indices had actually posted gains for calendar 2020. Even after the stunning setback of early 2020, investors are showing signs of optimism that positive momentum will continue through 2021. This reflects continuing confidence in a vaccine and stimulus-fueled global recovery. As always, the nascent business cycle will create opportunities and challenges for investors.

This time, the balance between the ‘second wave’ of COVID-19 and vaccine inoculations will determine the eventual path back to ‘normal’. Uneven rollouts among countries will play a significant part in the speed of their relative recoveries. Having a financial plan and taking advantage of professional advice can aid in maintaining a well-positioned portfolio during this transformative period

Related articles

The Great Escape Webinars & Virtual Events

The Great Escape

The Great Escape. Most of us have seen the famous movie “The Great Escape” and of course this is the war story we all think …

Read More →
Results Rob's Reads

‘More spending, more deficits, more lacklustre GDP growth’: Reaction to election results

It’s been 1 week since the election and people are starting to think about what’s in store for our country’s future. Here are some opinions …

Read More →
Lease vs Buy Articles

Lease vs Buy

A client approached me with this question the other day. Ahh, the age-old question that really doesn’t have a “right” answer. There are pros and …

Read More →

Financial Planning Advice from Canada's Top Financial Advisors

Sign Up To Receive Email Updates On The Financial Industry And Complimentary Workshops.

By providing your e-mail address you provide The McClelland Financial Group of Assante Capital Management Ltd. with your express consent to send you electronic communications. If you choose to discontinue receiving e-mails, you may withdraw consent by contacting [email protected].

Copyright Assante Wealth Management. © 2021

Disclaimer | Assante advisory services are offered through Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. The services described may not be applicable or available with respect to all clients. Services and products may be provided by an Assante advisor or through affiliated or non-affiliated third parties. Some services and products may not be available through all Assante advisors. Services may change without notice. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

We have a team of advisors each specializing in varying portfolio sizes. Please let us know the approx. amount of your investable assets to help us to direct you to the advisor that is best suited to you.