Covid-19 Daily News Updates – Download August 25, 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

• Prime minister Trudeau and Ontario premier Ford are announcing a deal with 3M, one of the world’s largest PPE manufacturers, to produce Canadian-made N95 respiratory masks. The cost of the $70 million deal is said to be split between federal and provincial governments.
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• Bank of Nova Scotia fell short of profit expectations in the fiscal third quarter as its international banking operations swung to a loss and a double-digit increase in provisions for credit losses. The bank set aside $2.18 billion in the quarter on loans that could go bad, a 18% increase.
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Provincial News

• According to a national survey, Montreal’s cost of housing per square footage has skyrocketed while other cities saw little change over the past year. Condominium prices in downtown Montreal are up 13.5% from last year and its detached homes and townhouses saw an even bigger rise.
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• Quebec claiming victory after it was declared that the U.S. department of commerce violated several articles of an important international agreement by imposing countervailing duties on lumber imports from Canada in 2017, as ruled by the World Trade Organization (WTO).
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USA News

• U.S. trade representative says the U.S. and China held talks over so called “phase-one” trade deal. The discussions were delayed earlier in the month by President Trump. Talking points were on intellectual property and removing impediments to U.S. firms in financial services and agriculture.
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• Changes come to the Dow Industrial: three companies joined the 30-stock benchmark before Mondays bell. Salesforce replaces Exxon Mobil; Amgen replaces Pfizer and Honeywell International replaces Raytheon Technologies. Changes promoted by Apple’s enactment of 4 for 1 stock split.
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International News

• British drug maker, AstraZeneca, has started its antibody-based cocktail testing for the prevention and treatment of COVID-19. The firm is already among main players in the global race for a vaccine. The current study is said to evaluate the safety of the monoclonal antibodies in 48 participants.
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• Virgin Atlantic is awaiting the outcome of key vote on restructuring plan seen as vital to its survival. Earlier, the company had agreed to a £1.2 billion deal but requires approval by creditors. The firm could run out of cash by end of September if deal is not approved. 3,500 jobs have already been cut.
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