Trying to sort the wheat from the chaff in the mishmash of stories and data we receive almost hourly on how the pandemic is affecting the economy and the pace of the rebound is not easy. There are just so many indicators out there and the flurry of information is difficult to assess. Then, add to that the level of new cases showing up, especially south of the border which is our biggest market.
So the economists at TD Bank tried to sort through the noise to see what is really going on. And their findings are worthwhile for anyone trying to make some decisions.
First of all, Canada’s recovery appears to be holding, they say. And the US one is sputtering. The latest real-time data shows the US economy slowing on the rising number of COVID cases. For those who are interested in the economy but a little tired of the COVID precautions, this may be the bit of evidence you need….the American experience is now telling us that downplaying the need to wear a mask or ignoring the significance of the virus is not just a matter of freedom …it has real commercial implications.