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At a time of bleak economic data and high uncertainty about the spread of the virus, it's natural to focus more heavily on the here and now. However, important structural changes to the economy and asset classes during the pandemic would argue for taking the long view.
This past week, the incoming economic data confirmed what we already know: the economy was brought to a standstill heading into the second quarter to contain the spread of the coronavirus and limit the humanitarian toll. On Friday, Statistics Canada announced that