2020 sure has been a roller coaster year, and I think we’ll all be happy to put it behind us and move towards a COVID free world in 2021! 

For many of us, 2020 has brought to the forefront just how important our relationships are with our family, friends, and colleagues, as well as how fragile our health can be.  I think we’ll all come through this situation as stronger individuals, and have a better appreciation of what is truly important to us.  

From an investment standpoint, 2020 was also a difficult year.  Many investments have rebounded back from the lows earlier in the year, but some have only recently started to come back with the news of a vaccine to combat COVID-19.  Industries like hotels, airlines, commercial real estate & restaurants are still struggling.  We still need to get through the challenge of this second wave of infections, but we’re hopeful that providing that the virus gets under control in 2021, we’ll be back into a healthy economic and investment environment in the coming months.

We’ve attached a short 2021 outlook from iA Investment Management’s chief economist Clement Gignac for you to have a read through.  Our belief is that we still have some challenges to get through in the next few months, but the mid to long-term recovery is looking OK at this point in time.

I hope you have a great holiday season, and all the best to you in 2021!  Take care and stay safe.

P.S.  I just received a card in the mail today that has this saying on it that I thought I would share - “We look back on this year with grateful appreciation for the resilience of our human spirit.  We look forward to a New Year filled with compassion & enthusiasm”  How true!!

 Health, Happiness & Success!

Deb, Kelly, and Gary