The consensus is that once the vaccines are distributed to the masses the global economy will be good as new.  It is believed the consumer will carry out the largest spending frenzy in history.  We disagree because COVID-19 will take years to eradicate and it will take months, if not years, for many industries to get back on their feet.

There are many parts of the world that will not receive the vaccine for a long time, if at all.  Africa is a mess and hardly any vaccines are heading there since many of the countries have no money.  The President of Tanzania is on record saying he does not believe in vaccines, so there is no effort to get any.  Indonesia and the Philippines are also in terrible shape. Both Russia and China have regions along their shared border that are dirt poor with no access to basic amenities, leaving them a prime area for the virus to survive.  Plus, many people do not believe in vaccines. 

As usual, it appears Justin has attempted to please China. Last March he allowed our National Research Council to sign a deal that transfers Canada’s intellectual property on Ebola and Sars-Cov-2 to China’s CanSino Biologics. The Chinese company now gets the rights for all vaccines it develops on the backs of our research. We were fifth in line to receive vaccines from China.  When they were ready to be shipped China cancelled the deal and sold them to Bahrain, Pakistan, Saudi Arabia, and others. Canada is now in 43^rd place when it comes to getting vaccines for its citizens.  Once again, China slapped Justin in the face and the world laughed at Canada for being so stupid.  

Just over a month ago Justin announced he wants to be PM for life, like his idol Xi Jinping is in China.  Did you notice the respect he gave Xi Jinping when he refused to vote about the genocide in China?  Obviously, his brainless cabinet agreed since they refused to vote.  After a year Ottawa still does not have a set plan. Now we must scramble to get the needed vaccines.  There is nobody to blame except the Liberals and their directionless one-boy government that prefers an empty House of Commons and to get nothing done.

 With excessive debt and no idea on how to fix our economy going forward, we will be drifting for months to come. Taxes will be increasing across the board to pay for historic budget deficits brought on by Covid.  Canadians do not have enough savings and Ottawa is bankrupt so there is not much to propel the economy.  A report last month stated that people over the age of 50 are the biggest group declaring bankruptcy. This is not a healthy signal for our economy going forward.

Justin continues with his Green ideas.  So far, they have increased costs to the consumer and have done nothing for the environment.  He continues to declare war on the energy sector and farmers via the destructive Carbon Tax. By doing so he is creating unemployment and lowering the standard of living for many Canadians.   His actions continue to tell foreigners to take their investment elsewhere, and they are happily doing so.

Nothing will change until we have a Federal election and Justin is history.  Continue to build up savings and invest in blue chip dividend paying shares.  At least 30% of one’s portfolio should be insured GICs.  Try and get rid of all personal debt if possible.  Tackle the credit cards first then chip away at the debt with the highest interest rate.   The potential for all of Canada remains one of the best in the world. The only problem is Justin and there is an easy solution to rectify this.