At the end of May, approximately 25% of Canadians were unwilling or undecided as to whether or not to get vaccinated vs 15% in the U.K., 23% in Italy, 28% in Germany, 36% in the U.S., and 40% in France. We expect these figures to gradually decline as more people get vaccinated. On a positive note, we believe vaccine hesitancy in Europe and North America will result in increased vaccine supply in Asia and South America.
China’s economic activities slowed in Q2. The Chinese government is taking initiatives to encourage banks to boost lending. On the other hand, the U.S. is experiencing a strong rebound in economic activities and consumer confidence.
We are maintaining our positive near-term outlook on gold and silver.
U.S. cannabis stocks outperformed their Canadian counterparts amid positive developments:As of July 12, 2021, the Canadian big four LPs were trading at a 93% premium (down from 115% in previous week) over their U.S. peers.
The psychedelic industry is experiencing a newfound renaissance as investors are beginning to acknowledge the advantages of psychedelic drugs in treating mental health conditions.
