Covid-19 Daily News Updates – Download September 16, 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.
- Statistics Canada is saying Canada’s annual inflation rate remained at 0.1% in August as rising food prices were offset by declining gasoline costs. Analysts polled by Reuters forecasted the rate would remain at 0.1.%, well below the Bank of Canada’s 2% target.
- Canada’s housing market keeps surprising run in August, as average prices soared by 20% from a year ago. Canadian Real Estate Association said that 58,645 homes were sold during August, representing 33% more than what sold in same month last year. Average price was $586,000.
- McGill University Health Center is investigating whether a nasal inhaled steroid used for asthma could be effective to prevent mild COVID-19 cases from worsening. The study of ciclesonide, used for asthma and rhinitis, on a controlled group of patients tested positive for COVID-19 has begun.
- The Quebec government has announced an additional $3.15 million of grants for its “Panier bleu” program. Additional money set to fund the second phase of the initiative which will be announced soon. Panier Bleu is an initiative to promote buying locally and Quebec businesses.
- As a hurricane closed offshore U.S. production an industry report showed US crude inventories unexpectedly decreased, oil rose for a second day on Wednesday, gaining more than 2%. The American Petroleum Institute said crude inventories fell 9.5 million barrels rather than increase.
- Snowflake, cloud data warehousing firm, backed by Salesforce and Berkshire Hathaway, is set to go public on what could be the biggest IPO ever. Snowflake’s priced initial public offering at $120 a share and will trade under ticker symbol “SNOW”. 28 million shares to go on sale.
- According to the Organization for Economic Co-operation and Development, the global economy seems to be recovering from the COVID-19 induced recession faster than thought. The world economy is expected to contract 4.5% this year and should grow next year by 5%.
- China-U.S. tensions rise; China’s biggest tech firms are now expanding operations into Singapore. Tencent and Alibaba are increasing their presence in the city state and ByteDance is also investing billions. Singapore is considered neutral and has good relations with both parties.
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