This week’s MacroMemo covers the latest infection numbers, the extent to which economies are reopening, and the rate of vaccination. The update considers the possibility that herd immunity proves elusive, plus the post-pandemic trajectory for working from home and urbanization. Recent economic developments are reviewed, including surprisingly chipper U.S. economic data, rising U.S. fiscal stimulus expectations and the Canadian immigration outlook.
Click here for the full report; RBC GAM MacroMemo.