Market Outlook The market is very sensitive to news flow about COVD-19. Some of the states are reporting rising numbers and President Trump is also talking about putting in new tariffs. That is never good. Q2 was in lock down for much of the economy, so we should see some positive growth in Q3 and forward. She wonders if this will lead to consumer confidence and spending. The market will continue to be sensitive to news about a vaccine, she thinks. There has been a lot of positive news early on and hopefully in early 2021 there may be a viable vaccine candidate that can be widely distributed.

Canada downgraded to AA+ The reasons for the credit downgrade are not necessarily unique to Canada -- being COVID-19 related. The increases to deficits will be impacting companies around the world. The debt to GDP should be expected to increase. Going into this, consumer debt was high and the economy has been impacted by the exposure to land-locked oil production. Overall, she is encouraged that the rating agency sees the situation as being stable.