Investing on COVID vaccine news: it isn’t all upside Nov 15th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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It’s been a good couple of weeks for those who have been looking for signs that the COVID-19 crisis is nearing its end. Yes, cases continue to rise in record-breaking numbers every day, and it seems as though governments in Canada and the U.S. are losing control of the virus’ spread, but with a new U.S. president expected to take office in January—one who will likely take a different approach to battling the pandemic—people are feeling a little more optimistic. 
There’s also a potentially major breakthrough on the vaccine front. On Monday, Pfizer announced that its vaccine was found to be 90% effective in preventing novel coronavirus infections. Could this really be the end of COVID-19? Stock markets seem to think so, with the S&P 500 up by 5.6% since Nov. 3, and the S&P/TSX Composite Index up by 5.2%.
The last couple of weeks have given investors a glimpse into what a post-pandemic stock market could look like. Many of the sectors that have been hit hard over the last several months saw big gains, while some of the companies that have benefited from a work-from-home world crashed hard…

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