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Currencies still in a range, equities are off their highs, so are commodities, however cryptos are higher

By MoneyWay | Feb 11, 2021

While equities opened in positive territory, it appears the U.S. weekly jobless claims has had an impact. Investors are now wondering if the U.S. economy is really starting to take off, in Canada a survey by Nanos Research Group for Bloomberg indicates that seven in 10 Canadians say they expect to maintain or increase current savings levels over the next year. This goes against the grain of what the Canadian government wants, the GoC wants Canadians to spend the money it gave them thereby holding up the Canadian economy. The problem is that Canadians are nervous and until they are absolutely sure that the pandemic is over and there are safe or they are able to get their old jobs back, no one is going on a spending spree. This maybe the case in the United States as well, a lot of people are out of work and are relying on government benefits more and more, those that have held on to their jobs, probably know someone who is in a dire financial situation, will likely not spend till the pandemic is well and truly over. We will have to wait and see.

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