Covid-19 Daily News Updates – Download October 21, 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

• Canadian lawmakers weigh whether to form a committee to investigate possible misuse of COVID spending, prompts Trudeau to threaten snap election. Parliament votes today on Conservative motion to investigate many spending decisions, including the WE charity scandal.
  Source
• Stats Canada says its consumer price index was up 0.5% in September compared with a year ago. The reading compared with a year-over-year increase of 0.1% in August. Economists on average had expected a year-over-year increase of 0.4%.
  Source
  

Provincial News

• Some of Montreal’s most well-known restaurants are boycotting lobsters and other seafood from Nova Scotia’s commercial fisheries over acts of violence towards indigenous communities in the area. Chuck Hughes and Joe Beef owner are among those who stopped buying lobster.
  Source
  
• Cogeco buys third largest cable operator in Quebec, DERYtelecom for $405million. The acquisition is strategic in nature and aimed to broaden Cogeco Connexion’s presence in regions adjacent to its coverage area in Quebec.
  Source
  

USA News

• PayPal Holdings joins cryptocurrency market, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. Customers to also be able to use cryptocurrencies to shop at the 26 million merchants as of 2021.
  Source
  
• Goldman Sachs cites little chance of Congress to pass economic stimulus bill before the November 3rd elections, despite ongoing talks. Republicans are pushing for smaller deal focusing on payments to individuals and businesses, and democrats push for more encompassing measures.
  Source
  

International News

• A world economic forum report forecasts that half of all work tasks will be handled by machines by 2025, which is likely to worsen inequality. The think tank predicts that 97 million jobs will be created but will destroy just as many. Research spanned 300 of world’s biggest companies.
  Source
  
• After the expiration of the Eat Out to Help Out scheme, UK prices rose last month. UK’s inflation rate, which tracks prices of goods and services, climbed to 0.5% in September, from 0.2% in August. Consumer Price Index rose faster in September after the discount meal scheme ended.
  Source

Missed a day? Visit our archives page for all Covid-19 Daily News Updates.