Covid-19 Daily News Updates – Download September 15, 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

• As Canadian-U.S. border closures are set to expire September 21st, a new poll suggests 90% of Canadians polled in support of border closures with our neighbors to the south that hold the largest COVID-19 case numbers. Although painful, many support the short-term pain for long-term gain.
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• Canadian company Loblaw Companies Ltd signs deal to buy minority stake in telemedicine company Maple Corp for $75 million. Investment was made through Shoppers Drug Mart, a subsidiary, which has already been working with Maple on virtual care in 160 B.C locations.
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Provincial News

• The Quebec government is coming to rescue the Renard diamond mine as it injects $15 million for its re-launch. This represents a 50% investment by Quebec to ensure its re-launch even though it only holds a minority stake of 35% in the company where the majority owner is Diamants Stornoway.
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• Mouvement Desjardins writes a check for $100 million to acquire parts in four wind farms and a solar farm in the U.S. This represents a first direct investment in green infrastructures in the U.S for Desjardins. The farms, in Wisconsin and Indiana, would have the capacity to fuel 140,000 homes.
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USA News

• Kraft Heinz is telling investors it would cut $2 billion in costs through 2024 as part of its turnaround plan and is also expecting a long-term organic sales growth of 1-2% and adjusted earnings per share growth of 4-6%. On the announcement, shares rose 2% in pre-market.
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• The Federal Reserve’s announcement of a new, “more dovish monetary strategy”, has respondents of a new survey forecasting no rate hikes until 2023 from the central bank. This is a potential first sign that Fed’s new strategy of allowing inflation to go over 2% may have an impact on rate outlook.
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International News

• The Asian Development Bank (ADB) says the pandemic has pulled the region’s developing economies, which include 45 countries, into a recession, for the first time in six decades. The ADB says developing Asia’s economy is exected to shrink 0.7% in 2020 but will rebound 6.8% in 2021.
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• European stocks struggled with direction today while Sweden’s H&M surged after reporting better than expected profits. Shares in the world’s 2nd biggest retailer surged 12% and broader retail index rose 1.4%. The pan European STOXX 600 was flat and eurozone banks slid 1.5%.
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Missed a day? Visit our archives page for all Covid-19 Daily News Updates.