Covid-19 Daily News Updates – Download July 2, 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
- All five of Canada’s biggest banks are joining the international boycott of Facebook over claims that the social media platform is complicit in promoting racism, violence, and misinformation. The five banks have pledged to not purchase ads on the platform for the month.
Source - New NAFTA in effect, called CUSMA. Set to help small businesses dealing in the digital sphere and cut red tape, some are not happy. Canadian dairy farmers set to see increased competition were assured the deal would take effect August 1st which would have given them full year to adjust.
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Provincial News
- Quebec announces $90 million in funding for several services for at-risk youth and their families. The additional investment is said to help consolidate the youth protection service teams, youth accommodation, crisis intervention program and intensive monitoring in the community.
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- July 13th, masks will be mandatory for all public transit users in the province of Quebec. This new rule is mandatory for anyone over the age of 12 using bus, commuter train or metro. After the two-week grace period, July 27th onward, transit officials will bar access to users refusing to wear a mask.
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USA News
- Tensions continue to mount between US and China and issues like Hong Kong and the South China sea have added more dimensions to the fight. World’s top two economies signaled they are prepared to fight in multiple ways, recently on technology and exports.
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- Dow futures jump more than 400 points following larger than expected June job increases. The government’s June job report showed 4.8 million jobs created in June compared to the 2.9 million expected. Unemployment rate also fell to 11.1% from 13.3% in May.
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International News
- UK to be in good position to benefit from market recovery despite gloomy economic picture. Strategists at the Swiss bank believe that a promised £5 billion of government infrastructure spending can help UK outperform. Sterling to be notable beneficiary of the vulnerable US dollar.
Source - Gold still safest asset according to head of commodity strategy for Saxo Bank. He believes gold to continue moving higher for 2020 second half. Gold now settled into a range of $1,700 per ounce. Bank notes that it’s the only commodity to show positive return so far for 2020.
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