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COVID-19: Real Canadian Superstore makes masks mandatory for shoppers – Vancouver Sun

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Real Canadian Superstore has announced that starting next Saturday shoppers will be required to wear masks or face coverings in the stores in an effort to stop the spread of the COVID-19 virus.

Exceptions will be made for young children and those with health conditions.

The supermarket chain, which is owned by Loblaw Companies Ltd. also requires customers to wear masks at its T&T supermarkets in B.C.

Loblaw hasa list of which stores have mask policies for customers and staff at its Canadian stores on its website. In some provinces, Superstores have required masks already because of provincial health orders.

Earlier this month, Canadian Walmart stores made masks mandatory for customers.

The retail chain said it requires all customers and associates working in any Walmart store not already subject to a local government mandate to wear a mask or face covering.

The B.C. government has not mandated masks in public.

Meantime, beginning Monday, transit users in Metro Vancouver will also have to wear a mask or face covering.

TransLink and B.C. Transit, which provides bus transit service outside Metro Vancouver, announced on Thursday that non-medical masks will be necessary beginning Aug. 24, with exceptions for children under age five and those who can’t wear a face-covering for health reasons.

The two were among the few major transit agencies in Canada that hadn’t been requiring masks.

ticrawford@postmedia.com

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Moderna Coronavirus Vaccine Won't Be Available Before Election Day, CEO Says – The Motley Fool

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Dealing a blow to President Trump’s hope to have a vaccine before Election Day, Moderna‘s (NASDAQ:MRNA) CEO said the company’s coronavirus vaccine won’t be ready by Nov. 3.

Speaking at a Financial Times-organized biotech and pharmaceutical conference, Stephane Bancel said that “November 25 is the time we will have enough safety data to be able to put into an EUA [Emergency Use Authorization] file that we would send to the FDA — assuming that the safety data is good, i.e., a vaccine is deemed to be safe.”

Image source: Getty Images.

An Emergency Use Authorization is fast-track, limited approval the FDA grants for medications or vaccines that can treat or prevent diseases that post a significant enough threat to the population. 

Moderna has leapt to prominence with its MRNA-1273, considered one of the leading coronavirus vaccine candidates, if not the overall leader. It has done extremely well in early stage testing and is currently undergoing a phase 3 clinical trial.

On the hope that it would boost his popularity in the run-up to the election, Trump has promoted the idea that a safe and effective vaccine will be on the market in the very near future. A great many public health experts and pundits say that will happen next year at the earliest, however.

While biotech and pharmaceutical companies are developing a host of vaccine candidates, none has yet finished its clinical testing, and no major regulatory authority has approved any of them.

Investors didn’t react too strongly to Bancel’s pronouncement, as it’s likely few of them were expecting MRNA-1273 to finish testing and win approval over the next couple of weeks. The company’s shares inched up on Wednesday, not quite reaching the S&P 500 Index’s gain on the day. 

 

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Americans got richer than ever during the pandemic, but Canadians haven’t followed suit

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The reason for the apparent paradox, experts suggest, has more to do with economics than the epidemic itself.

Part of the explanation is the drag of Canadian consumer debt, which began the quarter at 164 per cent of household income, about 30 per cent higher than the comparable debt level in the U.S., he said.

In the second quarter, the ratio in Canada decreased to 146.4 per cent.

Canadians, typically conservative, spent less during lockdown, choosing instead to pay down their debts, said Peter Miron, senior vice-president of Environics Analytics Group in Toronto.

“People in Canada were paying off their plastic for lack of opportunity to buy things,” Miron noted, adding that many were also building their savings as a precautionary measure.

People in Canada were paying off their plastic for lack of opportunity to buy things

Peter Miron

That’s part of the reason why Canada’s recovery from the bottom of the virus-driven recession has been less dramatic than that in the U.S.

While U.S GDP is expected to produce an overall decline of 4.0 per cent this year, comparable Canadian data shows a 5.6 per cent expected GDP contraction, TD Economics found in a Sept. 18 analysis. That is reflected in the difference in unemployment rates forecast by TD’s economics unit:  8.5 per cent in the U.S. vs. 9.7 per cent for Canada.

Benjamin Tal, deputy chief economist for CIBC in Toronto, notes that government support programs in both Canada and the U.S. provided more income to households than was lost in the epidemic and market meltdown.

Source: – Financial Post

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Canadian security firm Garda goes hostile in $5.2B bid for British company G4S – CBC.ca

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Garda World Security Corp. is making a hostile play for G4S after the British security company spurned its $5.2 billion US offer two weeks ago.

The Montreal-based company appealed directly to G4S shareholders by criticizing the firm’s directors and accusing them of acting in a “cavalier manner” by rejecting several approaches in recent months.

GardaWorld founder, president and CEO Stephane Cretier says that G4S faces profound difficulties and needs an owner and operator that understands the industry and has a well-defined plan.

The reputation of the GS4 has been damaged in recent years, especially for the lack of agents during the 2012 London Olympics to assure security.

Through its subsidiary Fleming Capital Securities, GardaWorld offered 190 pence for each share of the British company. On the London Stock Exchange, G4S shares gained 5.9 per cent at 200.30 pence in Wednesday trading.

GardaWorld unveiled the terms of its proposal on Sept. 14 in an attempt to force the hand of the British company, which has described the move as “highly opportunistic.”

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