economic commentary

March 31, 2021 - Vaccines vs. Variants

When President Joe Biden took office in January he promised that 100 million Americans would be vaccinated within his first 100 days in office. That roll-out plan has since been accelerated to include 200 million people. Unfortunately the vaccine roll-out has not been as expeditious on a global basis with many countries, particularly Canada, lagging the pace of the leading countries. Tempering this optimistic outlook is the reality that there are new variants of the COVID virus now circulating, causing lockdowns and economic setbacks in many countries around the world. As a result, there continues to be a constant push and pull between the prospects for a quicker economic recovery and the reality of the current situation.

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