Covid-19 Daily News Updates – Download August 12, 2020

Covid-19 Daily News Updates brought to you by Skyline Entourage to support businesses during the Covid-19 pandemic. We know as business owners and marketers that working from home cam be hectic. This is meant to serve as another resource you can rely on from our team to help support you.

For your convenience we’ve prepared a downloadable PDF of Covid-19 Daily News Updates and headlines. You can download your copy that you can share with your team here. Click Here to Download a PDF version.

Federal News

• Earlier restrictions levied on high-risk borrowers; government backed insurance providers have lost that market share. Private insurers have picked up that business, weakening Canada Mortgage Housing Corp’s position and threatening its ability to protect the mortgage market in a crisis.
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• Metro Inc. is reporting a $263.5 million profit in the latest quarter, up from $222.4 million a year ago, as more Canadians are cooking at home. This amounts to $1.04 per share for the 16-week period that ended July 4. Expenses related to COVID-19 totaled $107 million in the same quarter.
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Provincial News

• Quebec premier Legault states that the province will be better prepared should a second wave hit due to lessons learned in the first one. Said to be encouraged that case numbersare still dropping despite the lifting of restrictions and people traveling more.
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• Study finds 40% of Quebec businesses wanted new hires to speak English in their most recent job postings. The 75-page report from the Institut de Statistique du Quebec reveals 62.9% of Montreal businesses and 32.2% outside Montreal made speaking English a prerequisite.
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USA News

• Companies like Eli Lilly are testing antibody drugs to treat and prevent COVID-19. A vaccine could be months away; many are betting on antibody drugs to fight the virus right away without having to train immune systems to make them. Antibody drugs are promising and could be available soon.
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• Two straight weeks of new record low mortgage rates brought consumers back to their lenders, as mortgage volume applications rose 6.8% last week compared with previous week. Mortgage applications to refinance also rose 9% as they are most rate sensitive.
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International News

• Data now shows that the world’s sixth biggest economy has entered its first recession since 2009 due to the COVID-19 pandemic. The UK economy shrank by record 20.4% between April to June, the largest contraction reported by any major economy so far.
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• UK retail sales rose again in July by 3.2%, despite fewer visits to High streets; people are shopping more online. But some retailers are still struggling and asking the government to help with rents. Food sales were also strong along with furniture and homeware as people invest more in their homes.
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