Covid-19 Daily News Updates – Download October 7, 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

• New BDC study shows a majority 87% of entrepreneurs are confident they can survive the pandemic, despite the devastating impact and lockdowns, by adapting the business to changes in new environment. The study included two surveys with leaders of 1,000 small-medium businesses.
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• Charles Schwab Corp’s U.S. $22billion acquisition of TD Ameritrade Holding Corp leaves Canada’s second largest lender, TD Bank, sitting atop a more valuable investment, owning 43% of the Omaha based TD Ameritrade. Following Schwab’s purchase, TD now owns 13.5% of Schwab.
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Provincial News

• New restrictions in « red zones” to take effect Thursday and will apply until October 28th, at which point the situation will be reevaluated. As of Thursday, high school students are obliged to wear masks at all times and new hybrid learning for secondary 4 & 5 students are to be put into effect. Group sports are to be banned.
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• Montreal company gets Health Canada approval to begin production on a reusable, recyclable mask, the company claims is more efficient than the N95 mask. The mask, named Dorma 99, is to go into production at end of week using Quebec materials. The mask is said to filter 99% of air particles.
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USA News

• U.S. government announces tighter requirements for the H-1B visa, which is widely used by tech firms and its recipients are mostly from India and China. The Visa allows U.S. companies to use foreign workers to fill in gaps, some 85,000 are granted the visa each year.
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• Stocks making the biggest moves in premarket: Levi Strauss reports quarterly earnings of 8 cents per share. Alphabet, Facebook and Amazon, have all been accused of abusing their market power in a new report, Royal Caribbean extended cruise cancellations through November 30th.
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International News

• European shares rose Wednesday as initial shock over U.S. president Trump’s decision to cancel fiscal stimulus negotiations was replaced by optimism about aid package after the elections. Asian stocks hit two-week highs and the European STOXX 600 was up 0.2%.
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• South Korea’s Samsung Electronics Co’s September-quarter profit likely surged more than a third, fueled by strong smartphone sales and a rush order of memory chips from Huawei. Profit likely rose 35% from the same period a year earlier.
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