Covid-19 Daily News Updates – Download September 23, 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

• Ford Motors Co. reaches a tentative agreement with union representing its Canadian production workers, saving its only vehicle-assembly plant in Canada. The three-year deal includes investing $1.95 billion in two Ontario facilities as well as investing in its engine plant in Windsor.
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• Experts say a second wave is likely to bring new shortages for Canadian consumers but will most likely be due to “lifestyle changes” rather than buying panic. Shifts in consumer behavior over the past months, means backorders in discretionary items like stationary bikes and patio heaters.
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Provincial News

• Shares of Montreal’s Air Transat have slumped every trading day this month except one. Transat has lost around $475 million in market value this year due to rising concerns that a proposed takeover by Air Canada at $18 a share will fall apart. Transat is looking for sources of financing.
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• Restrictions on travel and gatherings leads people to more road trips across the province. Quebec’s nature-friendly driving adventures, like Parc Safari and Parc Omega, are thriving with record numbers, but concerns are rising over gasses released and setbacks in climate advances.
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USA News

• Aerospace giant Raytheon Technologies cuts 15,000 jobs due to downturn in commercial air travel, representing double the number it had forecasted. Raytheon CEO predicts a gradual return across all commercial markets, “but not to 2019 levels, at least until 2023”.
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• Johnson & Johnson announces it has begun phase three trial testing of its potential vaccine. J&J is the fourth drug maker backed by Trump’s administration’s COVID-19 vaccine program, Operation Warp Speed, to enter late-stage testing. Trial plans to enroll 60,000 volunteers.
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International News

• New figures showed that Euro zone consumer confidence increased by 0.8 points in September compared to August numbers. The European Commission stated that consumer morale has improved to -13.9 this month from -14.7 in August.
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• EU documents show that the European Union to introduce rules within four years to make cross-border payments quicker and cheaper by using blockchain and crypto assets such as stablecoins. Commission to encourage digital finance when 78% of current payments is in cash.
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