Canada loses its AAA credit rating Published by Hilliard MacBeth on Jun 26, 2020 This week the Canadian government lost its status as an issuer of triple-A-rated debt. On Wednesday, Fitch, one of the three debt ratings agencies, lowered Canada’s rating to AA+ from AAA. Until COVID-19 appeared, the Canadian government was one of the... Read more
Massive government spending pushes debt ever higher Published by Hilliard MacBeth on Jun 19, 2020 The economy is sagging badly during the unusual times brought on by the combination of a recession and the impact of COVID-19. Consumers and businesses have cut spending while government deficits have increased exponentially. But the net result is a severe... Read more
The search for a vaccine for COVID-19 Published by Hilliard MacBeth on Jun 12, 2020 A vaccine for COVID-19 is crucial for a complete economic recovery. While a rebound in activity has started, a return to “normal” requires a vaccine that can be delivered to billions of people. Dr. Anthony Fauci has stated that a vaccine would be ready... Read more
Stock market investors ignore reality Published by Hilliard MacBeth on Jun 05, 2020 The disconnect between the stock market and the economy has never been greater. While the U.S. economy is expected to post one of the worst declines in memory, far surpassing the 2007-09 decline, the stock market has surged higher, within reach of all-time... Read more