Cardinal Update – Feb 2021

Hindsight is 20/20 – A Lookback at an Unprecedented Year – Unprecedented was a term often used in 2020, and it’s hard to find a better word to describe the year. 2020 started out ordinary enough with many economies humming along, and the U.S. Presidential election was seen as the mostly likely event that could unsettle markets. Instead, we found ourselves facing down a global pandemic the likes of which the world had not seen since the Spanish Flu in 1918.

On March 11, the WHO declared a global pandemic just days after Italy went into a nationwide shutdown. Many countries soon followed suit with Canada closing the land border with the U.S. on March 18 and several provinces declaring states of emergencies.

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