Canada reported over 7,000 confirmed cases of the novel coronavirus in a single day for the first time Thursday, marking a new daily milestone as infections continue to rise at a dizzying rate.
The 7,002 new infections nationwide came as Ontario hit a new record of daily cases, while Alberta saw its highest number of deaths in a single day since the pandemic began.
Many provinces are facing pressure to enact further measures to curb the spread of the virus, which has now infected 488,237 people to date nationwide. At the current rate of infection, the country is on track to surpass half a million cases by Saturday.
Nearly 3,500 people are receiving care for COVID-19 in hospital, a new record that is putting a strain on many provinces’ health-care systems. Doctors in Ontario are calling for shutdowns, warning of bed shortages and increased deaths from any further surge in patients.
Another 117 people died across the country over the past 24 hours, health officials said, bringing the national death toll to 13,916. The past week has seen an average of 115 people dying daily.
The bleak trends of the pandemic have coupled with the arrival of one vaccine, made by Pfizer-BioNTech, and the promise of more to come. A second vaccine from Moderna is anticipated to be approved by Health Canada by the end of the year.
On Thursday, Pfizer confirmed that vials of its vaccine may yield more doses than previously estimated, raising hopes that even more people could be vaccinated in the initial shipments received by provinces this week.
Yet health officials — wary that the start of vaccinations will lead to less compliance with public health measures — are urging people to wear face coverings and limit their contacts throughout the holidays.
Coronavirus: GTHA cases not the only concern for Ontario’s top doctor
Recent modelling has shown the country could see the rate of infection grow as high as 14,000 cases per day by January unless behaviour drastically changes.
“It is important to remember that the vast majority of Canadians remain susceptible to COVID-19,” Canada’s chief medical officer Dr. Theresa Tam said in a statement Thursday.
“This is why it is important for everyone to continue with individual precautions to protect ourselves, our families and our communities.”
Ontario posted its highest daily case count to date with 2,432 new infections, along with 23 deaths.
The numbers came on the same day that the Ontario Hospital Association pushed for a four-week lockdown in every public health unit with an infection rate of 40 or higher per 100,000 people.
Premier Doug Ford said his Progressive Conservative government would continue to consult with hospital leadership, adding “everything is on the table” to combat the virus.
Coronavirus: Ontario government provides no clarity on lockdown extension
In Quebec, over 1,000 people are now in hospital with COVID-19 for the first time since June. Doctors there are also growing concerned that a lockdown already in place until mid-January did not come soon enough to prevent the surge in patients.
The province reported 1,855 new cases and 22 more deaths Thursday.
Saskatchewan residents awoke to new public health orders that include no longer having guests in their homes, with a few exceptions. It’s one of several new rules in place until at least Jan. 15.
Seven more people in the province died of COVID-19, pushing total fatalities to more than 100. Another 238 new cases were also reported.
Manitoba continues to post double-digit deaths per day, announcing 14 more people had died on Thursday, while another 221 tests came back positive.
Alberta saw 30 additional deaths — a new daily record — and 1,571 more infections. The province continues to boast the most active cases of any jurisdiction in Canada, which have now surpassed 20,000.
British Columbia is also seeing a surge in deaths, reporting 21 over the past 24 hours. Another 667 new cases were also confirmed, along with six “epidemiologically-linked” cases that have not been confirmed through laboratory testing.
Worst single day: 30 new COVID-19 deaths in Alberta Thursday
Every province in Atlantic Canada reported new cases Thursday, although no more people have died from the disease.
New Brunswick and Nova Scotia each saw six more infections, while Prince Edward Island saw one and three more were confirmed in Newfoundland and Labrador.
In the north, the Northwest Territories and Nunavut each reported one new case — leaving Yukon as the only jurisdiction not to see any more infections Thursday.
The pandemic has now infected 74.8 million people around the world to date, 1.66 million of whom have died, according to Johns Hopkins University.
The United States leads the world in both cases, at over 17 million, and deaths, with more than 310,000.
— With files from the Canadian Press
© 2020 Global News, a division of Corus Entertainment Inc.
In GameStop saga unfolding on Wall Street, 2 Goliaths fall – CTV News
A David and Goliath saga is unfolding in financial markets over the stock price of struggling retail chain GameStop. On Wednesday, Goliath walked away from the battle.
Two Goliaths, actually.
A pair of professional investment firms that placed big bets that money-losing video game retailer GameStop’s stock will crash have essentially admitted defeat. The victor, for now at least, is a volunteer army of smaller investors who have been rallying on Reddit and elsewhere online to support GameStop’s stock and beat back the professionals.
GameStop’s stock surged as high as US$380 Wednesday morning, after sitting below $18 just a few weeks ago.
One of the two major investors that surrendered, Citron Research, acknowledged Wednesday in a YouTube video that it unwound the majority of its bet that GameStop stock would fall. Andrew Left, who runs Citron, said it took “a loss, 100%” to do so, but that does not change his view that GameStop’s stock will eventually fall sharply.
“We move on. Nothing has changed with GameStop except the stock price,” Left said. He also said he “has respect for the market,” which can temporarily run stock prices up higher than critics think they should go.
Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. He denied rumours that the hedge fund will fail.
The size of the losses taken by Citron and Melvin are unknown.
GameStop’s stock has long been the target of investors betting that its stock will fall as it struggles in an industry increasingly going online. The retailer lost $1.6 billion over the last 12 quarters, and its stock fell for six straight years before rebounding in 2020.
That pushed investors to sell GameStop’s stock short. Essentially, these short sellers borrowed shares of GameStop and sold them in hopes of buying them back later at a lower price and pocketing the difference. GameStop is one of the most shorted stocks on Wall Street.
But its stock began rising sharply earlier this month after a co-founder of Chewy, the online retailer of pet supplies, joined the company’s board. The thought is that he could help in the company’s digital transformation.
At the same time, smaller investors gathering on social media have been exhorting each other to keep pushing the stock higher. There is no overriding reason why GameStop has attracted those smaller investors, but there is a distinct component of revenge against Wall Street in communications online.
“The hedge fund owners are crying as a result of us,” one user wrote on a Reddit discussion about GameStop stock. “We have the power in this situation, not anyone else as long as we stay strong!”
Almost immediately after, another user shouted in all capital letters, “BUY AND HOLD WE WILL BE VICTORIOUS.”
The battle has created big losses for major Wall Street players who shorted the stock. As GameStop’s stock soared and some of the critics got out of their bets, they had to buy GameStop shares to do so. That can accelerate gains even more, creating a feedback loop. As of Tuesday, the losses had already topped $5 billion in 2021, according to S3 Partners.
Much of professional Wall Street remains pessimistic that GameStop’s stock can hold onto its moonshot gains.
Analysts at BofA Global Research raised their price target for GameStop on Wednesday from $1.60, all the way up to $10. It was at $362 in midday trading.
Nevertheless, the phenomenon does not appear to be fading.
AMC Entertainment Holdings Inc., the theatre chain that has been ravaged by the pandemic, posted a quarterly loss this month exceeding $900 million.
It appears, however, that AMC has become the next battleground in the fight between smaller, retail investors, and Wall Street.
'Fighting 100 mini Mike Tysons': The powerful influence of Reddit trade – Yahoo Canada Finance
Saint John city council plans to have a ride-sharing regulation bylaw ready by the end of this year to implement next year. The province passed an amendment to the Motor Vehicle Act in December to allow ride-sharing companies to operate, but each municipality must have bylaws regulating the service before it can be offered. Ride-sharing apps like Uber and Lyft allow customers to hail rides using a mobile app, and the drivers are employed as independent contractors who use their own cars and get a cut of the total fare, plus tips. Coun. Greg Norton asked council to vote to “immediately” have a bylaw in place to pave the way for ride-sharing to come to Saint John. After 30 minutes of discussion, the motion passed but only after the word “immediately” was removed. Two councillors voted against the motion even with the amendment. Not about the big apps Norton said his motion “is not about Uber and Lyft.” “The chances of Uber and Lyft coming into the city of Saint John, I would say, are limited, if any at all,” he told council Monday night. “But what we do have is, when we create this type of bylaw is, we have the opportunity for home-grown types of ride-sharing industries and businesses to pop up.” Norton said this proposal isn’t to intentionally create competition for the taxi industry, but “competition is good.” A few councillors voiced their objections for exactly this reason. Deputy Mayor Shirey McAlary said the timing is not right, considering the world is in the midst of the COVID-19 pandemic. “Our taxi drivers, our taxi owners in our city are having a desperate time,” she said. “I just feel to put more competition on our local taxi businesses is not something that I really think we should do at this time.” Coun. Blake Armstrong, who owns several bars in the city’s uptown, was also opposed. “People have no idea how decimated the industry has been in Saint John, including bars and restaurants,” he said. Norton said people he spoke to from the restaurant sector are onside. Coun. David Hickey suggested the removal of the word immediate, because he said sooner or later ride-sharing would be beneficial for the city. Timing matters City manager John Collin told council that staff have not looked at ride-sharing in detail. He said public consultation and a review of the impact on the city’s businesses will be done before any bylaw is passed. “From a staff point of view, I don’t believe that there’s any resistance to the notion of exploring ride-share and trying to put it into our community,” Collin said. “It is a best practice within communities,” he said. “This is something where we should do public consultation, and this is something that has significant liabilities, and therefore we simply cannot copy and paste someone else’s bylaw.” He said the bylaw could be passed by early 2022.
GameStop Whipsaws as Short Sellers Citron, Melvin Capitulate – Yahoo Canada Finance
Aircraft Floor Panel Market in Europe to 2027 – by Aircraft Type, Material Type, Sales Channel, and End-user
Dublin, Jan. 27, 2021 (GLOBE NEWSWIRE) — The “Europe Aircraft Floor Panel Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by Aircraft Type, Material Type, Sales Channel, and End User” report has been added to ResearchAndMarkets.com’s offering. The Europe aircraft floor panel market is expected to grow from US$ 186.63 million in 2019 to US$ 325.57 million by 2027; it is estimated to grow at a CAGR of 9.7% from 2020 to 2027. Highlighting aircraft orders and delivery volumes are expected to boost the growth of the Europe aircraft floor panel market. The Europe aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleet. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low cost carriers and fleet expansion strategies adopted by the full service carriers. Further, commercial aviation is foreseen to surge in the coming years owing to the mounting number of air travel passengers and aircraft procurement. This surge in aircraft production is boosting the demand for aircraft floor panels across Europe. Owing to continuously rising production volumes to bridge the gap between demand and supply of aircraft, the OEMs are increasingly procuring large volumes of aircraft floor panels. In the current scenario, the demand for both wide body and narrow body aircraft fleet is high. However, the inclination toward long-range, narrow body type is increasing as the majority of commercial aviation companies across Europe are focusing on increasing fleet size along with lowering operational costs. Rise in aircraft production due to surge in number of passengers is expected to increase the demand for floor panels, thereby driving the Europe aircraft floor panel market.Europe, especially the UK, is highly affected due to the COVID-19 outbreak. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The COVID-19 outbreak has affected each aviation business stakeholder’s business in the region. Several airlines in the region have postponed the pending aircraft fleet’s procurement dates to manage their current operational costs during COVID-19 times and post-COVID-19 times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European aircraft floor panel market players. From the commercial aviation perspective and MRO perspective, several airlines have grounded a notable number of fleets with an aim to drive their business with the remaining fleet as the passenger count has drastically reduced across the region. Apart from this factor, the ban on air travel had forced the airlines and corporate jets to temporarily cease their operations, thereby lowering the MRO shop visits, resulting in the procurement of lesser volumes of aircraft floor panels and other components MRO facilities. This parameter also affected the aircraft floor panels market.Based on material type, the nomex honeycomb segment led the Europe aircraft floor panel market in 2019. Presently, nomex honeycomb floor materials is one of the most common materials used in aircraft structures with good electrical insulating properties. It possesses outstanding high impact strength and performs excellently on the food cart roller test in the aircraft. Rise in demand for light-weight, tough, and corrosion and heat resistant products boosts the use of reliable components made from nomex honeycomb in aerospace & defense applications. The properties of this material result in low maintenance costs and emissions as compared to other traditional materials that are used for manufacturing aircraft. The Gill Corporation provides robust, corrosion resistant, and light-weight Gillcore HK, Gillcore HA, and Gillcore HD Nomex honeycomb products. Their products are used for floor panels for the under-seat areas of the passenger compartment in Airbus aircraft, such as A318, A319, A320, A321, A330, and A340. Benefits of nomex honeycomb, such as light-weight, toughness, and corrosion resistance, are likely to boost the demand for nomex honeycomb material during the forecast period, thereby driving the Europe aircraft floor panel market.Reasons to Buy Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe aircraft floor panel market.Highlights key business priorities in order to assist companies to realign their business strategiesThe key findings and recommendations highlight crucial progressive industry trends in the Europe aircraft floor panel market, thereby allowing players across the value chain to develop effective long-term strategiesDevelop/modify business expansion plans by using substantial growth offering developed and emerging marketsScrutinize in-depth Europe market trends and outlook coupled with the factors driving the aircraft floor panel market, as well as those hindering itEnhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution Key Topics Covered: 1. Introduction1.1 Study Scope1.2 Research Report Guidance1.3 Market Segmentation2. Key Takeaways3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research4. Europe Aircraft Floor Panel Market Landscape4.1 Market Overview4.2 Porter’s Five Forces Analysis4.2.1 Bargaining Power of Buyers4.2.2 Bargaining Power of Suppliers4.2.3 Threat to New Entrants4.2.4 Threat to Substitutes4.3 Ecosystem Analysis5. Europe Aircraft Floor Panel Market – Key Market Dynamics5.1 Market Drivers5.1.1 Highlighting Aircraft Orders and Delivery Volumes5.1.2 Rising Emphasis on Use of Lightweight Materials5.2 Market Restraint5.2.1 Boeing’s Issue from B737 Max and Stoppage of A380 Program5.3 Market Opportunities5.3.1 Increase in Adoption of Wide-Body Jets and Business Jets5.4 Trend5.4.1 Growth in the Demand for Air Freighter Fleet5.5 Impact Analysis of Drivers and Restraints6. Aircraft Floor Panel Market – Europe Analysis6.1 Overview6.2 Europe Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)6.3 Market Positioning – Market Players Ranking7. Europe Aircraft Floor Panel Market Analysis – By Aircraft Type7.1 Overview7.1.1 Europe Aircraft Floor Panel Market Breakdown, by Aircraft Type, 2019 & 20277.2 Wide body Aircraft7.2.1 Overview7.2.2 Wide body Aircraft Market Revenue and Forecast to 2027 (US$ Million)7.3 Narrow body Aircraft7.3.1 Overview7.3.2 Narrow body Aircrafts Market Revenue and Forecast to 2027 (US$ Million)7.4 General Aviation7.4.1 Overview7.4.2 General Aviation Market Revenue and Forecast to 2027 (US$ Million)8. Europe Aircraft Floor Panel Market Analysis – By Material Type8.1 Overview8.2 Europe Aircraft Floor Panel Market Breakdown, by Material Type, 2019 & 20278.3 Aluminum Honeycomb8.3.1 Overview8.3.2 Aluminum Honeycomb Market Revenue and Forecast to 2027 (US$ Million)8.4 Nomex Honeycomb8.4.1 Overview8.4.2 Nomex Honeycomb Market Revenue and Forecast to 2027 (US$ Million)9. Europe Aircraft Floor Panel Market Analysis – By Sales Channel9.1 Overview9.2 Europe Aircraft floor panel Market Breakdown, by Sales Channel, 2019 & 20279.3 OEM9.3.1 Overview9.3.2 OEM Market Revenue and Forecast to 2027 (US$ Million)9.4 Aftermarket9.4.1 Overview9.4.2 Aftermarket Market Revenue and Forecast to 2027 (US$ Million)10. Europe Aircraft Floor Panel Market Analysis – By End User10.1 Overview10.2 Europe Aircraft floor panel Market Breakdown, by End User, 2019 & 202710.3 Commercial10.3.1 Overview10.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)10.4 Military10.4.1 Overview10.4.2 Military Market Revenue and Forecast to 2027 (US$ Million)11. Europe Aircraft Floor Panel Market – Country Analysis11.1 Overview11.1.1 Europe: Aircraft Floor Panel Market, By Country18.104.22.168 Germany: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)22.214.171.124 France: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)126.96.36.199 Italy: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)188.8.131.52 UK: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)184.108.40.206 Rest of Europe: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)12. Impact of COVID-19 Outbreak12.1 Europe: Impact Assessment of COVID-19 Pandemic13. Industry Landscape13.1 Overview13.2 Market Initiative14. Company Profiles14.1 Aeropair Ltd14.1.1 Key Facts14.1.2 Business Description14.1.3 Products and Services14.1.4 Financial Overview14.1.5 SWOT Analysis14.1.6 Key Developments14.2 Avcorp Industries Inc.14.2.1 Key Facts14.2.2 Business Description14.2.3 Products and Services14.2.4 Financial Overview14.2.5 SWOT Analysis14.2.6 Key Developments14.3 Collins Aerospace, a Raytheon Technologies Corporation company14.3.1 Key Facts14.3.2 Business Description14.3.3 Products and Services14.3.4 Financial Overview14.3.5 SWOT Analysis14.3.6 Key Developments14.4 Aim Altitude UK Ltd.14.4.1 Key Facts14.4.2 Business Description14.4.3 Products and Services14.4.4 Financial Overview14.4.5 SWOT Analysis14.4.6 Key Developments14.5 Euro Composite S.A.14.5.1 Key Facts14.5.2 Business Description14.5.3 Products and Services14.5.4 Financial Overview14.5.5 SWOT Analysis14.5.6 Key Developments14.6 Safran S.A14.6.1 Key Facts14.6.2 Business Description14.6.3 Products and Services14.6.4 Financial Overview14.6.5 SWOT Analysis14.6.6 Key Developments14.7 The Gill Corporation14.7.1 Key Facts14.7.2 Business Description14.7.3 Products and Services14.7.4 Financial Overview14.7.5 SWOT Analysis14.7.6 Key Developments14.8 The Nordam Group LLC14.8.1 Key Facts14.8.2 Business Description14.8.3 Products and Services14.8.4 Financial Overview14.8.5 SWOT Analysis14.8.6 Key Developments14.9 Singapore Technologies Engineering Ltd14.9.1 Key Facts14.9.2 Business Description14.9.3 Products and Services14.9.4 Financial Overview14.9.5 SWOT Analysis14.9.6 Key Developments15. Appendix15.1 About the Publisher15.2 Word Index For more information about this report visit https://www.researchandmarkets.com/r/8q6vn0 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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