We are now in the ninth week of a Covid-19 lockdown in Ontario. It started on March 17, 2020—and as of Victoria Day, very few shops have reopened. Many will never reopen. Aside from grocery stores, pharmacies, gas stations and other essential businesses, we seem to have given up on our economy. It is no longer considered important.
The government prints money, shovels it out the door and prevents many lower-income people from earning a living. There will be a large price to pay for this economic folly. There are now 2 million more people unemployed today than in February. The April unemployment rate is 13%. It’s possible this will rise to 20% (or more) in the months to come.
Read – The Road Not Taken: Covid-19