Greetings,
Canada: Canada’s fiscal response has been more extensive than in the US or other advanced economies.
The BoC’s response has also been impressive.
Eurozone: Spreads have been tightening across the Eurozone “periphery.”
The Belgian budget deficit has blown out.
Japan: There is more stimulus on the way.
China: Coal prices are soaring.
Commodities: La Niña is causing a drought throughout South America. This complicates growing conditions for agriculture, such as corn and soybeans. Coffee crops were also impacted.
Food For Thought: Pfizer’s vaccine effectiveness after the first dose (red is placebo):
Edited by Devon Lall
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