Covid-19 Update
November 23, 2020

The second wave of Covid-19 is producing daily new case counts that exceed the first wave. Commencing today, the City of Toronto, where our head office is located, returns to a Stage 2 lock-down for at least 28 days. In BC new restrictions and guidelines have also been provided.

While restrictions and guidelines vary between provinces and regions, 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. The majority of our staff are still working from home as 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 quite well, shrugging off the chaos of the US election and reflecting an air of optimism from encouraging announcements of test results of Covid-19 vaccines by Pfizer and Moderna and today by AstraZeneca. The Dow Jones and S&P indices are now exceeding their levels at the beginning of this year and the TSX Composite index has recovered to its January 1, 2020 level.

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