I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts, and beer. ― Abraham Lincoln After recent events in the US, a quote from Honest Abe was never more appropriate. I attended the virtual breakfast for the 2021 Economic Outlook meeting this morning.
I hope you are all enjoying the heat. When I am ready to complain about it being too hot, I quickly remember January in Ottawa…….as with the economy, the pandemic and the markets -we must remember that it could always be worse.
We saw quite a turnaround story in 2019 compared with 2018. Despite escalating trade tensions between the United States and China, Brexit uncertainty, and a slowdown in the global economy, the year progressed in an unexpectedly pleasant fashion, especially in the fourth quarter.