It's a fact that most of this year many Americans chose to believe Republican politicians and the Trump team more so then the mainstream medical community. Canada took a completely different approach choosing to defer completely to the medical community. Canada's had far better Covid results then the US all year. We don't spend time arguing about the "left" or any number of conspiracy theories floating around your country on this. In terms of lockdown damage, Canada has actually had better results in the economy then the US so far. Today's job report was almost 400,000 new jobs versus 150,000 expected. Analyst said Canada has regained 70% of all lost jobs this year already, whereas the US has only regained 50%. I say this not to argue which country is experiencing the better recovery, but to highlight that it was possible in the US to have less Covid damage ( infections, deaths ) without significant extra damage to the economy.
Or you could look at your massive outbreak of infections right now in Canda. You have now surpassed your peak infections. There are warnings that you may have to lockdown again. Look at this... and see how poorly your initial shutdown performed at getting the virus under control... long term. In terms of that metric your lockdown is an obvious failure. https://www.worldometers.info/coronavirus/country/canada
COVID-19: Denmark Advises Citizens to Avoid Travel to Eight Swedish Regions https://www.schengenvisainfo.com/ne...ens-to-avoid-travel-to-eight-swedish-regions/ Authorities in Denmark have advised their citizens to avoid all non-essential travel to eight Swedish regions due to an increase in the number of COVID-19 infections. According to figures published by the Statens Serum Institut (SSI) which is responsible for the Danish preparedness against infectious diseases, the number of Coronavirus cases has increased in the eight Swedish regions which include: Stockholm, Halland, Blekinge, Jämtland Härjedalen, Kronoberg, Uppsala, Västmanland, Örebro.
They won't do another lockdown because they know more about Covid-19 and how Canadians are responding to the Pandemic. Instead, they'll do more restrictions and more fines. If that doesn't work...they'll go back to their earlier tactic that worked very well and helped with the declines via publicly calling out the violators and making them an example along with putting their faces on TV like some tabloid. I remember one particular live news conference...the Premiere named specific bars, restaurants as violators of the Health Canada guidelines including showing video verification of the over capacity places...he then stated "This is outrageous and this is not Canada...these people should be ashamed of themselves". Also, I do remember the Premiere stating all options are on the table to prevent a situation like in the United States. In fact, he specifically stated "arrests" were on the table too as one of the option. Yet, right now they're relying on the citizens (public) to do the right thing... If the public doesn't do the right thing...they'll quickly try those other options. As for the Lockdown...it was a big success because it gave time for the hospitals to become prepare. In addition, they knew there was going to be a 2nd wave...gave them time to find / partner with a therapeutic drug name Remdesivir back in late July and educated schools & children about Covid-19 so that the infections in schools would be minimized. Lockdowns are not a vaccine nor cure. Its a mechanism to become prepare and to save lives (minimize deaths) while learning more about a new infection. The latter above is very true via the example of the Flu. We don't need to do a lockdown for Influenza because its not new, we have a vaccine and we have multiple different FDA approved therapeutic drugs. In comparison, the first known Influenza Pandemic...there was a lockdown and now look how far we become from that very first lockdown (early 1900s) in dealing with the Flu although people still do die from the Flu. That Pandemic spooked the world because its primary target was killing off children although older people were victims too. My great-grandparents had 5 children. Three of their children were killed by the first Influenza Pandemic. Further, the entire military base was on lockdown...many soldiers died too. The grade schools on base or near base had classes "outdoors" to minimize the spread of infection. Now back to 2020, the lockdown minimized the border transportation of infected individuals from the United States into Canada although there's a trickle of that still occurring by wealthy people that can simply fly in on their private jets. I don't think they could have done the above in a timely fashion without a lockdown. For example, the schools my kids go to are also used for summer schools. The lockdown shut down the summer schools and day camps used at the schools so that the schools can become properly prepared for the fall academic year going forward. Another example, the lockdown allowed the government more time to train / hire more people that specially learn how to deal with keeping the elderly safe in nursing homes / long care home facilities...including doubling or tripling their pay so that they can live off one job without needing to have multiple jobs. It was identified that the low pay jobs prior to the Pandemic encourage many to have multiple jobs at different nursing homes...resulting in easy spread among the elderly and among elderly not in nursing homes. Canada is very good in finding / outing out the trouble makers that refuse to follow Health Canada guidelines. The public is tired of the restrictions but find it necessary and will out a neighbour if needed. Canada has recently (past week) given an app to citizens that gives us the ability to do our own contact tracing so that we can stay away from those that are infected or be more careful around them. Also, within the past week...several websites now allow us to see which stores, une école (schools) and other businesses with infections. An example of the public now being more pro-active again to stop the spread of Covid-19...I went up to my condo at the ski resort and there was a notice on my door and on the doors of everyone else at the ski resort by the resort association reminding residents that social gatherings beyond the residents of the condo are not allowed. They even gave a phone number to report violators along with notifying us that within the next week there will be a Covid-19 testing site setup for residents only that wants to be tested...appointment only. Also, I checked my mailbox there and had three different brochures from Health Canada about how to stay safe and not let the guard down in the Covid-19 environment. In contrast, I discussed the above with my mother in the United States and with friends in the United States...they've not received anything (not even a brochure) in the mail from their government about Covid-19 and how to be safe...nothing. My mom stated...we're on our own although I know that's not true because of her direct ties to the military and VA hospital. Simply, Canada will do whatever it takes to not become like the United States. Canada is getting back to listening to the scientists after letting its guard down about 1 1/2 months ago. wrbtrader
Demarks cases are exploding worse than Canada In fact its the worst chart I have seen lately. The lockdown failed in terms of controlling the virus too. https://www.worldometers.info/coronavirus/country/denmark per your article they exclude travel to these places as well... I Andorra Belgium France Ireland Iceland Croatia Luxembourg Malta Monaco The Netherlands Portugal Romania Switzerland Slovenia Slovakia Spain The United Kingdom The Czech Republic Hungary Austria https://c2cjournal.ca/2020/06/the-costs-and-benefits-of-canadas-pandemic-response/ Costs of lockdown outweigh the benefits 4 to 1.
You do this a lot, bring Canada in the discussion as if you can compare Canada to the United States like they are very similar situations, populations, economies, etc. I am not going to debate you on whether Canada or the US did this or that right. As for many Americans choosing to believe Republicans, are they choosing to believe them because they are Republicans or because the people who are appealing to their common sense just happen to be Republicans more often than not? I don't know the answer to this question, but I would submit that people know there is a line of bullshit they are being fed and they simply don't trust what they are being fed and who they are being fed it from. Its not about trusting one political side or not.
Let's hope you are correct. You are right about one thing... The lockdownin the US was supposed to be about flattening the curve for the sake of hospitals. I don't know about Canada... but our hospital's ability to care for people was never rally in doubt save 4 5 cities for a few weeks.
If you are talking about reducing the balance sheet, I'm not exactly sure of the date but you should know that the C.B. starting reducing its balance sheet (selling bonds) and forcing up the funds rate sometime late Obama or Early Trump. Write the fed if you want, but this information will be on the fed website. It is part and parcel of the Fed funds rate changes. As I think about this more. I think I even posted on this briefly at the time. Not going to search though.
Excellent Swedish economy dodges Covid bullet, says Danske Bank Sweden will outperform its Nordic neighbours as well as escaping the depths of recession expected to befall the eurozone and US, according to forecasters at Danske Bank. They predict Swedish GDP will shrink less this year and grow more next year than the rest of Scandinavia and Finland. The 3.3pc contraction in Sweden’s economy this year compares to the 5.8pc decline Danske predicts for the UK, the 8.3pc contraction for the eurozone and the 4.3pc fall in US GDP.