novel coronavirus pandemic: Latest News

All news where novel coronavirus pandemic is mentioned

15.10.2020 / 19:42

Canadian home sales up nearly 46% in September: CREA

CREA) said on Thursday.The industry group said actual sales, not seasonally adjusted, rose 45.6% from a year earlier, while the group’s Home Price Index was up 10.3% from September last year and up 1.3% from August.“This is starting to sound like a broken record (about records being broken), but Canadian home sales and prices set records once again in September … as they did in July and August,” said Shaun Cathcart, senior economist at CREA, in a statement.The largest price gains were in smaller Ontario cities and in the capital region of Ottawa, with further flung Toronto suburbs and Ontario cottage towns also showing very strong year-over-year gains.This reinforces the view that Canadians are fleeing the tight confines of urban centers

city Ottawa city Ontario covid-19 Coronavirus housing market novel coronavirus pandemic

Do you need COVID-19 insurance for out-of-province travel?

Medipac Travel Insurance, which focuses on providing travel coverage for Canadian snowbirds and has added COVID-19-related emergencies to its policy.One of the biggest risks in terms of out-of-pocket costs is needing an ambulance while travelling outside your province, he says.“That can be affordable and in the hundreds of dollars,” Davidge says.

covid-19 Coronavirus Travel insurance novel coronavirus pandemic

Women more likely than men to see jobs transformed by automation: StatCan

report by Statistics Canada finds women are significantly more likely than men to have their jobs transformed by automation.Overall, 44 per cent of adult female workers face a 50 per cent or greater probability of experiencing some kind of job disruption tied to the adoption of technology like robots and algorithms. That compares to less than 35 per cent of male workers, according to Marc Frenette and Kristyn Frank at Statistics Canada.Women have been hit especially hard during the first wave of layoffs triggered by the novel coronavirus pandemic, with female workers more likely to be employed in the service-sector industries that were ravaged by government-mandated shut-downs.

Statistics Canada Canada covid-19 Coronavirus novel coronavirus pandemic

Canada ‘bets the farm’ on deficit spending amid coronavirus resurgence

Canada‘s vow to double down on pandemic-related spending to keep the economic recovery underway in the face of a second wave of COVID-19 infections will support activity but raises questions over the burgeoning deficit, economists say.The Liberal government on Wednesday made sweeping promises of major new investments and policy initiatives saying “this is not the time for austerity,” while giving few details on how those plans would be financed and at what cost.An economic update, including fiscal projections, will be released later this fall, it said.“It seems like they’ve bet the farm and doubled down on spending,” said Ian Lee, associate professor of management at Ottawa’s Carleton University.

Canada city Ottawa covid-19 Coronavirus Debt novel coronavirus pandemic

Patio heaters won’t cut it. What will it take for restaurants to survive winter?

novel coronavirus pandemic was a double-blow for Pazzo and other Stratford restaurants. Not only did the spring lockdown send sales plummeting as it did for the rest of the industry, it also forced the cancellation of the 2020 season for the town’s famous theatre festival, which attracts hundreds of thousands of visitors in a normal year.And now the brief boost from patio dining and out-of-towners who still flocked to Stratford during the summer is waning, McCabe says.

Restaurants Canada covid-19 Coronavirus novel coronavirus pandemic

Retail sales up 0.6% in July, below economists’ expectations

Statistics Canada says retail sales rose 0.6 per cent in July to $52.9 billion, helped by higher sales at motor vehicle and parts dealers and gasoline stations. Economists had expected an increase of 1.0 per cent for the month, according to financial markets data firm Refinitiv.Statistics Canada says sales were up in six of 11 subsectors in July with the motor vehicle and parts dealers subsector contributing the most to the increase with a 3.3 per cent increase.Sales at gasoline stations rose 6.1 per cent.However, the agency said core retail sales, which exclude those two subsectors, fell 1.2 per cent.

Statistics Canada Canada covid-19 Coronavirus novel coronavirus pandemic

One-third of working moms mulled quitting their jobs due to COVID-19: survey

Pollara Strategic Insights for The Prosperity Project — a newly formed gender-equality volunteer organization with a mission to soften the impact of the pandemic on Canadian women — found the weight of homemaking, child care and schooling during the COVID-19 lockdown fell disproportionately on women. And many who were also juggling professional responsibilities thought about leaving their jobs.While working parents, in general, said they experienced high stress without being able to count on daycares and schools, working mothers were significantly more likely to say they contemplated dropping out of the workforce.

covid-19 Money123 Coronavirus novel coronavirus pandemic

Household debt ratio drops to $1.58 per dollar of disposable income

More to come

covid-19 Money123 Coronavirus novel coronavirus pandemic

Annual inflation rate virtually flat in July at 0.1%

The average economist estimate had been for a year-over-year increase of 0.5 per cent for July, according to financial data firm Refinitiv. The statistics agency says the slower pace of price growth was broad-based, spanning goods and services.Statistics Canada says air travel prices fell in July by 8.6 per cent, the first year-over-year decline since December 2015.

Statistics Canada Canada covid-19 Coronavirus novel coronavirus pandemic

U.S. adds 1.8 million jobs in July, showing slow economic rebound

Canada added another 419K jobs in July: Statistics Canada The unemployment rate did decline in July from 11.1 per cent to 10.2 per cent, though that still exceeds the highest rate during the 2008-2009 Great Recession.The acceleration of the viral outbreak that began in late June more than doubled the daily U.S. confirmed case count by mid-July, though the rate of new reported cases has since declined.

Canada covid-19 Unemployment Coronavirus novel coronavirus pandemic

Canadian retail sales surged nearly 19% in May, still 20% below February levels

retail sales surged 18.7 per cent in May led by motor vehicle and parts sales.The agency says retail sales increased to $41.8 billion in May but that still left them 20 per cent below levels in February, before physical distancing measures were implemented to fight COVID-19.Economists on average had expected a 20 per cent increase in May, according to financial markets data firm Refinitiv.Sales were up in 10 out of 11 subsectors with vehicle and parts dealers, general merchandise stores and clothing stores the main contributors to May’s strength.The increase in sales followed a record decline of 24.1 per cent in April.Statistics Canada says online sales were $3.8 billion in May, accounting for eight per cent of the total retail market.

Statistics Canada Canada covid-19 Coronavirus novel coronavirus pandemic

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0