Covid-19 Daily News Updates – Download November 4, 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

• SNC Lavalin Group stated a $85.1million loss in the latest quarter compared to $2.76billion profit a year ago. The loss equals 48 cents per diluted share for the quarter ended September. The firm projects if nothing changes to the pandemic, engineering services revenue to be down in fourth quarter.
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• Indigo Books and Music trimmed losses and increased revenue in its second quarter on strong online growth. The Toronto based retailer says it lost $17.5million or $0.63 per share for the three months ended September. Revenues increased by 1% point to $205.3million.
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Provincial News

• Montreal based manufacturer Dorel Industries Inc. reaches an agreement in principal that will see the TSX-listed company taken private by a group led by Cerberus Capital Management and the family that controls the company’s multiple-voting shares.
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• Montreal based Dollarama has named Pomerleau executive Jean-Philippe Towner its next chief financial officer starting March 1, 2021. Towner replaces Michael Ross who is stepping down after a decade on the job.
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USA News

• U.S. private payrolls increased less than expected in October, showing early signs of a slowdown in economic activity as fiscal stimulus diminishes and new COVID cases surge. Private payrolls increased by 365,000 jobs in October, compared to September’s revised number of 753,000.
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• At least 159.8 million Americans have voted in the 2020 elections, according to NBC News projections. Biden and Trump are still locked in a tight race in many states including Nevada, Pennsylvania, and Wisconsin. Official counts and results not expected until Friday.
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International News

• University of Oxford is set to present late-stage trial results on its COVID-19 vaccine candidate this year, raising hopes the UK could roll out a successful vaccine late December, early 2021. The Oxford vaccine is expected to be one of the first from big pharma to be submitted for regulatory approval.
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• Euro zone’s economic activity halted last month as a second wave of cases and new restrictions stalled activity in bloc’s dominant service industry, now pointing to double-dip recession. Next to its peers, the bloc’s two largest economies, Germany and France, reimpose tough lockdowns.
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