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As May comes to a close, Alberta has 584 active cases of COVID-19 and 143 people have died – CTV News

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EDMONTON —
Alberta reported 18 new cases of COVID-19 on Sunday, bringing the total number of active cases to 584.

No additional deaths were reported.

There are currently 52 people in hospital; six of them are in intensive care.

The case breakdown across the province is as follows:

  • Calgary zone: 440 active cases and 4,330 recovered
  • South zone: 42 active cases and 1,184 recovered
  • Edmonton zone: 69 active cases and 464 recovered
  • North zone: 28 active cases and 202 recovered
  • Central zone: two active cases and 95 recovered
  • Three active cases and eight recovered cases in zones to be confirmed

There are currently 61 active cases in continuing care facilities in the province, and 659 people have recovered. A total of 109 residents have died.

In total, there have been 143 deaths in Alberta.

In the last 24 hours, there have been 3,138 tests completed.

As of May 31, 6,283 Albertans have recovered from COVID-19. 

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North American markets gain ground to start the week – BNNBloomberg.ca

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North American equity markets clawed back ground into the close of Monday’s trade, with the S&P/TSX Composite Index up 0.29 per cent, the S&P 500 gaining 0.38 per cent, the Dow Jones Industrial Average rising 0.36 per cent and the Nasdaq Composite Index up 0.66 per cent.

Equity markets had been mixed in earlier trading, as investors weighed the competing factors of economic reopenings and the rising tensions between the United States and China.

In Toronto, four of the 11 TSX subgroups closed in positive territory, with consumer discretionary, financials and materials leading the way. Consumer staples, information technology and health care were the lead laggards.

A big part of the weakness in health care stocks was the underperformance of Canopy Growth Corp., which finished the day as the worst performer on the index after a string of analyst downgrades. The analyst community has expressed concerns over the company’s lack of a clear path to sustained profitability after it withdrew its forecast last week.

Oil prices fluctuated throughout the day, with U.S. benchmark West Texas Intermediate up 0.1 per cent to US$35.53 per barrel. Alberta’s Western Canadian Select was up 3.16 per cent to US$29.08 per barrel.

The Canadian dollar gained more than a full cent against its U.S. counterpart to trade at 73.68 cents U.S., though the greenback was weaker against all of its major-market peers.

1:00 p.m. ET: North American equity markets rebound, oil pares losses

North American equity markets rebounded into the midday trade, with the S&P/TSX Composite Index and Dow Jones Industrial Average up 0.3 per cent each, the S&P 500 gaining 0.4 per cent and the Nasdaq Composite Index up 0.66 per cent.

In Toronto, only four of the 11 TSX subgroups were in positive territory, led by consumer discretionary, financials and materials stocks. Information technology, consumer staples and health care were the lead laggards.

120 of the index’s 230 members were higher with a pair of cannabis stocks bookending the composite. HEXO Corp. was the lead gainer on the TSX, up 10 per cent after Health Canada approved its facility in Bellville, Ontario. On the flip side, Canopy Growth Corp., was the biggest percentage loser, down nine per cent, after a slew of analyst downgrades after the company shelved its forecast for a path to profitability late last week.

Oil pared some of its earlier losses, with U.S. benchmark West Texas Intermediate down a little more than one-and-a-half per cent to trade at US$34.90 per barrel. Alberta’s Western Canadian Select was essentially unchanged at US$28.16 per barrel.

10 a.m. ET – North American stocks slip, oil falls as U.S.-China tensions escalate

North American equity markets kicked off the week in modestly negative territory, with the S&P/TSX Composite Index down a tenth of a per cent, the Dow Jones Industrial Average and S&P 500 both falling 0.4 per cent and the Nasdaq Composite Index down 0.2 per cent.

Markets were under that modest pressure amid signs of a re-escalation of tensions between the United States and China, with Bloomberg News reporting Beijing has ordered a halt to imports of some American farm goods. Meanwhile, the U.S. is also facing a wave of civil unrest as demonstrators take to the streets to protest the killing of George Floyd by Minneapolis police, which has prompted some American cities to implement curfews.

Oil prices fell in the wake of those tensions, outweighing the impact of speculation the OPEC+ group of producers could be poised to implement a short extension of its output cuts in order to put some upward pressure on crude prices. U.S. benchmark West Texas Intermediate fell 2.5 per cent to US$34.60 per barrel, while Alberta’s Western Canadian Select dropped three per cent to US$27.34.

In Toronto, that weakness in crude weighed on the energy sector in early trading.

Another point of weakness was Canopy Growth Corp. The company’s shares fell about seven per cent after the firm was downgraded by four analysts following the cannabis producer’s disappointing quarterly results late last week.

The Canadian dollar rose a third of a cent against its American counterpart to 72.93 cents U.S., though the U.S. dollar was broadly weaker against its major global peers.

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B.C. protects small businesses from evictions – CityNews Vancouver

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VICTORIA (NEWS 1130) —  The B.C. government is banning commercial landlords who refuse to apply for federal assistance from evicting small businesses that can’t pay rent due to the pandemic.

The order is meant to support the Canada Emergency Commercial Rent Assistance program and restricts the termination of lease agreements and the repossession of goods and property, says a government release.

“The federal launch of the Canada Emergency Commercial Rent Assistance program has been a welcome step in B.C., but we heard from small businesses that they need us to help fill a gap that has left some of them unable to get the support they need,” said Carole James, Minister of Finance.

“We’re listening to small businesses and have their backs. Preventing landlords who are eligible for CECRA from evicting tenants can encourage landlords to apply for the program and give some temporary relief to businesses who have been hardest hit by the pandemic.”

The emergency order restricting evictions is effective immediately and will continue for as long as the federal program is in place, which is currently until the end of June.

B.C. could extend the order if the federal program is, as well, James added.

The federal program is offering forgivable loans to eligible commercial property owners to reduce the rent for small business experiencing severe financial hardship due to COVID-19.

Property owners must offer a minimum of a 75 per cent reduction for the months of April, May, and June. The federal and B.C. governments will cover 50 per cent of the rent payments, while the tenants are responsible for 25 per cent of the rent, and landlords cover the remaining 25 per cent.

The federal program loans to landlords will be forgiven if they comply with program terms and conditions, including an agreement to not recover forgiven rent amounts when the program is over.

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Should small businesses be protected from eviction? – Poll – Castanet.net

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Small businesses in B.C. that have suffered significant revenue losses during the COVID-19 pandemic will be protected from eviction effective June 1.

The provincial government announced Monday new measures to protect small businesses that are eligible for federal commercial rent assistance, but are unable to access that assistance because their landlords won’t apply to the program.

“There are certainly some tenants who their landlords have been very clear that they don’t want to bother, they don’t want to take the time to apply for the federal program, and that then hurts the tenant, because the tenant doesn’t have the opportunity to be able to have that relief to help them,” said James.

“I expect that it will, I hope, make a difference in encouraging those landlords to apply now that they won’t be able to evict those tenants.”

Under an emergency act order, commercial landlords will be restricted from evicting tenants who have lost at least 70% of their revenue, and are thus eligible for Ottawa’s Canada Emergency Commercial Rent Assistance (CECRA) program, which can only be applied to by landlords.

Read more.

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