Covid-19 Daily News Updates – Download October 8, 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

• The governor of the Bank of Canada says managing the risks from the pandemic is now more critical than ever, saying it’s the key to the recovery and stability of society. Some risks the bank is looking at are: how companies and households keep up with debt and long-term impacts of climate change.
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• Air Canada has raised nearly $500million by selling and leasing back some nine aircrafts to help offset the financial difficulties due to the pandemic. Air Canada’s CFO says it has raised almost $6 billion in liquidity since the start of the pandemic and will continue to look at other options.
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Provincial News

• The city of Laval announces its plans to reduce its greenhouse gas emissions by 33% by 2035. The municipal government intends to assess reduction potential by priority sector by doing a feasibility analysis, allowing it to adjust the emissions reduction potentials according to results.
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• New survey shows that a quarter of Quebecers will not fully adhere to Premier Legault’s call to avoid seeing friends and family outside their homes as Thanksgiving approaches. Moreover, nine of 10 Quebecers said they will not tell authorities if they see infractions occur.
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USA News

• Bank of America launches a new low-cost loan product for checking customers who may be pressed for cash. As of January, “Balance Assist” allows clients to borrow up to $500 for a $5 fee and repay over three-months. Customers will need to have had a checking account with the bank for one year.
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• After president Trump took Regeneron’s antibody COVID-19 therapy to help heal from the virus, the company has filed for “emergency use authorization” with the FDA. If approved, doses would be available to the American public at no cost, by government distribution.
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International News

• OPEC says that world oil demand is expected to plateau in late 2030’s and could even start to decline by then. The deport says that oil demand will grow at healthy rate in the first part of the forecast period, to about 107.2 million barrels per day, before the demand plateaus in the second half.
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• EasyJet faces losses of £800 million this year and it expects to fly at just 25% of normal capacity into next year. This annual loss is the first in EasyJet’s 25-year history. Although the airline is taking action to cut costs, it shows challenges for the industry and a need for continued support.
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