Indeed, we have exceeded the most optimistic scenarios for economic recovery and the “reflation trade” has been a key theme to the financial markets for the last several months. In almost all measures of economic activity, we are approaching, or are already, above pre-pandemic levels.
Early on in the pandemic, the debate was about the shape of the recovery will it be a V-shaped or U-shaped recovery? That question has been definitively answered. Here is what is now driving the value of the Canadian dollar. Similarly, the economic recovery in Canada and the US is quite advanced while it remains at various stages in other parts of the world. The risk of the virus is now receding in Canada, though it remains a potent challenge in much of the rest of the world. As with all such advisory services, past results are never a guarantee of future results.The defining social and economic event of the last year and a half has been the COVID-19 pandemic. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer.
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