Covid-19 Daily News Updates – Download November 18, 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.
- A new CIBC report shows that Canadians have accumulated the largest amount of cash ever recorded due to the pandemic. Canadian households and businesses are holding on to more than $170billion in excess cash, where households hold $90billion or 4% of consumer spending.
- Stats Canada says the consumer price index in October was up 0.7% compared to a year ago as the annual pace of inflation increased, led by higher food prices. Economists expected a year-over-year increase of 0.4% compared to the actual year on year increase of 0.5% in September.
- Heinz brings ketchup production back to Quebec. The company will start producing ketchup at its facility outside Montreal, pumping out the equivalent of 13 million one-liter bottles yearly starting in 2021. Quebec government to loan $2million of $17.6m for a new production line in Mount-Royal.
- The road that goes through Mount-Royal, Camillien Houde Way, has been closed to cars since Tuesday afternoon as work is underway to secure the cliffs on top of the mountain. The closure begins at the Mont-royal Ave entrance. No word on how long the work is expected to take.
- Final results from Pfizer Inc’s COVID-19 vaccine trial showed a 95% rate of effectiveness and two months of safety data, paving the way for the drug maker to apply for emergency U.S. authorization within the next few days. FDA to review data in December.
- U.S. safety regulators have cleared Boeing’s 737 Max plane to fly again, lifting grounding orders that were put in place in March 2019 following two deadly crashes. The announcement marks a key milestone for the firm, which was propelled into crisis by the tragedies and investigations.
- New cars and vans powered solely on petrol and diesel will not be sold in the UK starting 2030, according to Boris Johnson. However, some hybrids will still be permitted. The new initiative is part of the “green industrial revolution” to fight climate change and create jobs in new industries.
- The rise in the price of clothing and food helped push UK inflation higher than expected last month. The UK’s inflation rate jumped to 0.7% in October, from 0.5% in September. Analysts had expected the rate to remain flat at 0.5%.
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