Covid-19 Update
December 23, 2020

From all of us at Mackie Research Capital, we wish you the best and brightest of this holiday season and prosperity and good health in 2021.

As we head into the home stretch of 2020 we are yet again, faced with a great deal of uncertainty and trepidation. In Ontario, Premier Ford has announced a complete lockdown to commence on Boxing day limiting in person shopping to only the most essential retail establishments such as grocery stores and pharmacies.

For Mackie Research Capital this means that only the most essential staff positions will be allowed entry to our office premises. While we have been poised and ready for this announcement, it's certainly not the news any of us wanted to hear. What remains clear is that this virus continues to run rampant and requires austerity measures until a vaccine is widely available to all.

Restrictions and guidelines vary between provinces and regions and Mackie Research Capital continues to operate and conduct business almost as usual as we have since March. The office towers which house our head office and most of our branches continue to be closed to the public. Physical distancing protocols in elevators and within our office space limit the number of employees who can be present in our offices. Our reception areas are still locked and visitors are not permitted. Our cage operations continue to receive and deliver securities and funds electronically and by mail and courier. Our trading operations continue to operate as usual.

Financial markets continue to perform well with the S&P, Dow and TSX now above their pre-Covid crisis levels. With interest rates at an all-time low, capital continues to flow into the equity markets.

We will update this message as changes occur. In the meantime, we will continue to provide the highest level of service and look forward to the day when we can resume life as usual.

Geoff Whitlam