Covid-19 Daily News Updates – Download December 9, 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

• TSX nears trillion-dollar surge since March on recovery hopes. After rising more than 10% in November, the S&P TSX Composite Index has rallied another 3% so far in December. Going into today’s trading session, Canada’s benchmark index added nearly $1trillion in market value.
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• Between mid-March and November 30, Ottawa has spent over $240billion on COVID-19 relief efforts. More specifically, funds were divided into three groups, $16.17billion to government departments & agencies, $118.37billion private businesses and non-profits, $105.66billion to individuals.
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Provincial News

• Montreal based Dollarama said it will pay a bonus to its employees for work during the pandemic after it reported third quarter profits rose compared to a year ago and raised its dividends to 4.7cents a share. Full-time employees are set to receive $300 and part-timers will receive $200.
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• Hydro-Quebec announces the launch of EVLO Energy Storage, a subsidiary meant to design, sell, and operate storage systems. The company said the storage systems are mainly meant for producers, transporters and distributors of electricity. EVLO runs lithium-iron phosphate batteries.
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USA News

• Dow and S&P futures rose and hit record highs as prospects for vaccine-linked economic recovery and additional fiscal stimulus ignited the demand for economically sensitive stocks like banks and industrials. Investors flocked to U.S. equities and shrugged off weak economic data.
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• Door Dash, which saw an uptick in demand during the pandemic, sold shares in its IPO at $102 a share, which is priced above its range. The offering valued the company at $32.4billion, based on common stocks outstanding and $38.7billion on a fully diluted basis.
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International News

• Britain’s biggest retailer, Tesco has completed a $10.6billion sale of its Asian businesses to Thailand’s CP group. Tesco’s CEO says the sale allows the firm to now focus on businesses across Europe and will return 5billion pounds back to shareholders via special dividends.
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• UK set to drop tariffs against U.S. over subsidies for aerospace firms, to reach a post-BREXIT trade deal. In November, the EU hit $4billion of U.S. goods with duties of up to 25% in retaliation for illegal state aid to Boeing. These duties will be suspended in the UK as of January 1, 2021.
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