Not to further wound a fractured economy, but there is absolutely no positive financial news from any angle of the COVID-19 crisis.
The economic cost, which most ordinary mortals do not have the brain processes to properly understand, has been the deepest and most rapid loss of jobs, personal savings and income in the history of Canada.
It’s unthinkable how quickly it happened.
New Year’s Eve, 2020 was celebrated with everything reasonably tickety-boo, except for a persistent Mohawk rail barricade and then, a short time later, the bottom fell out as the world was plunged into a coronavirus pandemic.
The options were not pleasant.
As the Macdonald-Laurier Institute (MLI), a national non-partisan public-policy think tank, recently put it, it came down to “either selflessly shut down the economy to save lives or selfishly worry about the economy and condemn thousands to a vicious illness.”
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See Also:
(2) Trudeau’s 21-Second Pause Becomes the Story in Canada
(3) Home sales bounce back in Toronto, Vancouver after shutdowns
