Global markets have been selling off on the fear of a new COVID-19 variant found in South Africa.prompted the World Health Organization to call an emergency meeting Friday. Canadian government officials are also meeting to address the efficacy of the current vaccines and possible treatment options.
Meanwhile, North American markets opened sharply lower Friday. Oil has pulled back about 6 per cent due to fear demand could wain if further lockdowns and restrictions are put into place. Investors have been flocking to the safety of the 10-year U.S. Treasury bond and gold.As an investor what should you consider? Begin by considering the facts:2. It isn't comfortable, but we have been here before. However, we haven't dealt with a significant new variant in a while.
2. If you are a balanced investor with a long-term perspective you likely have been here before and stayed the course.