Covid-19 Daily News Updates – Download October 26, 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

• Cenovus Energy to buy Husky Energy Inc in $3.8billion all-stock deal, combining the largest two players in Canada’s oil sands industry, which is struggling after a slump in crude prices. Deal to create the country’s third largest oil and natural gas producer and lead to $1.2billion in savings.
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• Canada has officially been removed from EU’s permissible travel list due to rising COVID-19 cases. The new list does not mean Canadians cannot travel to the EU; it is meant as a guideline for member nations to follow.
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Provincial News

• Montreal’s state of emergency is renewed for five days by the executive committee.  The declaration grants the municipality exceptional powers to spend and mobilize its workforce to fight the COVID-19 pandemic. The special renewal meeting was held Saturday.
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• A coalition representing 200 gyms, yoga, dance, and CrossFit centers are defying the government and announcing they will reopen October 29. This date is one day after the government’s mandatory closures and restrictions are set to end.
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USA News

• U.S. retailer GAP could close all its own UK stores as it considers shifting operations to franchise-only in Europe. Stores in UK, France, Ireland, and Italy could shut next summer along with its UK-based distribution center. The retailer reported a £740million loss in the three months to May.
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• U.S. treasury yields fell Monday as hopes faded that a stimulus deal would be signed before the elections next week. The yield on the benchmark 10-year treasury note slipped to 0.809%, while the yield on the 30-year treasury bond slumped to 1.601%. Yields move inversely to prices.
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International News

• Pharmaceutical firm Bayer, to acquire unlisted U.S. biotech firm, Asklepios BioPharmaceutical for as much as $4billion in a bet on gene therapy with the help of modified viruses. Germany’s Bayer to pay $2billion up front and another $2billion contingent on achievement.
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• New research from a UK think tank shows that local lockdowns are stifling the recovery of the British job market. Vacancies have failed to return to pre-pandemic levels across all 63 cities analyzed within the UK. Analysis shows a lag in hiring concentrated in sectors exposed to restrictions, like retail.
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