Covid-19 Daily News Updates – Download August 17, 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

• Toronto based Cineplex Inc. is reporting a $98.9 million loss due to pandemic forced theater closures. the company has also called off large investment with TopGolf due to timing issues. However, CEO is rejoicing over news that studios will allow new releases ahead of US ones.
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• Canada Revenue Agency is suspending online services after two cyberattacks, where hackers used thousands of stolen usernames and passwords to fraudulently get services and compromise personal information. The government hopes to reinstate services for businesses Monday.
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Provincial News

• Montreal business says it has first of the kind in Canada; an “intelligent disinfection door”. The Chinese made product is a two-meter structure measuring body temperature and purports to kill bacteria with a disinfecting mist, ozone, and UV light. Health Canada yet to respond to claim.
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• According to new survey, two out of three Quebecers concerned about children’s educational success during the pandemic. 92% of the respondents say government should deploy more resources to help. Only 48% believe schools are properly prepared foe the new school year.
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USA News

• Wall Street’s main indexes set to open higher on Monday as retailers prepared to wind down better than expected quarterly earnings season. Investors keep close watch for S&P 500 to breach record-high levels. Retailers like Walmart rose 1.1% in premarket.
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• Trump administration is announcing further tightening of restrictions on Huawei Technologies Co, aimed on cracking down on access to commercially available chips. New actions, which require Huawei to have licenses for American software or fabrication, are effective immediately.
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International News

• Think tank says ending UK furlough scheme too soon could put 2 million jobs in peril. The institute for public policy research estimates that 3 million people  still rely on scheme when it ends in October. Report says that ending program too soon could cause long-lasting economic damage.
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• World’s third largest economy, Japan, saw its economy shrink at fastest rate on record as it battles the pandemic. Its gross domestic product fell by 7.8% from April-June. Japan fell into a recession earlier this year after two successive quarters of economic contraction.
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