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COVID-19 Update: Alberta 'estimates' 500 new cases | First case of U.K. COVID-19 variant detected in B.C. – Calgary Herald

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Millions watched the film on HBO Max, the company said in a statement, but it did not specify how long they tuned in. Total viewing hours on the platform tripled on Friday compared with a typical day in the previous month, the statement said.

The movie “exceeded our expectations across all of our key viewing and subscriber metrics in its first 24 hours on the service,” said Andy Forsell, executive vice president and general manager of WarnerMedia Direct-to-Consumer.

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Saturday

‘I feel helpless’: AgeCare Skypointe now linked to more than 200 COVID-19 cases, 16 deaths

AgeCare Skypointe nursing home was photographed on Saturday, December 26, 2020. Azin Ghaffari/Postmedia
AgeCare Skypointe nursing home was photographed on Saturday, December 26, 2020. Photo by Azin Ghaffari /Postmedia

Family members of Calgarians with dementia say they feel helpless amid a COVID-19 outbreak that has infected more than 200 residents and staff members at a northeast supportive-living facility.

According to an update from AgeCare Skypointe sent to family members Friday, 113 residents of the facility have now tested positive for the novel coronavirus, with 30 considered having tested positive more than two weeks ago. Sixteen of those residents have died from the virus.

As well, 88 staff members at the site have tested positive for COVID-19, with 48 considered to have recovered.

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Saturday

Boxing Day sales bring customers to stores even during pandemic

People stand in line to enter the Beacon Hill Best Buy on Boxing Day on Saturday, December 26, 2020. Azin Ghaffari/Postmedia
People stand in line to enter the Beacon Hill Best Buy on Boxing Day on Saturday, December 26, 2020. Photo by Azin Ghaffari /Postmedia

As Uday Peddakotla waited in line outside the Best Buy in Beacon Hill on Saturday morning, he said he felt confident that health precautions being taken by customers and staff would justify his venture out to the store in search of Boxing Day deals.

Peddakotla had planned to buy a vacuum cleaner and air fryer, but said shopping in person at the northwest location was simply more advantageous that searching for the right price online, even as COVID-19 has turned the annual commercial holiday upside-down in 2020.

“I mean, you get more choice to select,” he said, adding it’s just not the same trying to choose what to buy when you can only “see it in a system.”

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Saturday

Ontario confirms two cases of COVID-19 variant first discovered in UK

FILE – Travellers wear masks at Pearson airport arrivals, shortly after Toronto Public Health received notification of Canada’s first presumptive confirmed case of coronavirus, in Toronto, Ontario, Canada January 25, 2020.

Ontario on Saturday confirmed its two first cases of a variant of COVID-19 first identified in the United Kingdom, marking the first time the more contagious strain had been detected in Canada.

The province’s associate chief medical officer of health said in a news release that the cases are a couple from Durham Region, just east of Toronto, with no known travel history, exposure or high-risk contacts.

“Durham Region Health Department has conducted case and contact investigation and Ontario is working in collaboration with our federal counterparts at the Public Health Agency of Canada,” Dr. Barbara Yaffe said in a statement.

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Saturday

Estimates suggest cases dropping as hospitalizations climb

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TD Bank CFO Ahmed to head securities unit, move seen as CEO succession play

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TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will succeed CEO Bharat Masrani.

For Ahmed, 58, the change marks a return to his TD roots. He began his career at the bank in 1996 as an investment banker in the securities division, following which he served as its CFO and chief administrative officer. He has been part of TD Bank‘s executive team for nine years, and CFO for over five.

“Cross-training in the capital markets role … increases the likelihood of (Ahmed) succeeding Masrani when he retires, but I doubt it would be soon, as that would create unnecessary turnover atop TD Securities,” said Brian Madden, portfolio manager at Goodreid Investment Counsel.

“Maybe Masrani announces his retirement next year (or the following) and leaves early in 2023” or 2024.

Masrani’s compensation arrangements anticipated his retirement in 2020, TD said in its 2019 shareholders meeting proxy circular. But he was granted stock options worth C$1.9 million ($1.5 million), vesting in five years, on the condition that he remain available to serve as CEO throughout that period.

Ahmed replaces Bob Dorrance, who will retire on Sept. 1 after about 16 years at the bank, Canada’s second-biggest lender by market value said in a statement.

When asked about TD’s succession plans, a spokesperson said: “Today we are celebrating Bob Dorrance’s incredible career and accomplishments, and the appointment of top executives to critical, leadership roles.”

At a time when diversity, particularly in executive and board ranks, has come under increased scrutiny, Ahmed’s appointment as CEO would mean TD, the only one of Canada’s six biggest lenders to have a non-Caucasian at its helm, would retain that aspect.

Ahmed’s appointment comes after TD’s wholesale banking unit recorded an 8% revenue decline in the second quarter from a year ago, contributing to the bank’s overall underperformance versus some rivals.

Kelvin Tran, currently executive vice president for enterprise finance, will replace Ahmed as finance chief.

Dorrance, who has headed TD Securities since 2005, will stay on as chairman of TD Securities and serve as special adviser to Masrani.

TD shares were flat at C$87.12 on Thursday afternoon, compared with a 0.2% gain in the Toronto stock index. The shares are up 21% this year, versus a 15% gain in the benchmark.

($1 = 1.2303 Canadian dollars)

(Reporting by Nichola Saminather in Toronto; Additional reporting by Noor Zainab Hussain in BengaluruEditing by Nick Zieminski and Matthew Lewis)

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AIB agrees to life and pensions joint-venture with Canada Life

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Allied Irish Banks on Wednesday said it would form a joint venture with Canada life as it seeks to plug gaps in its life, savings and wealth products.

The joint venture will be equally owned by Canada Life, a subsidiary of Great-West Lifeco Inc.

“The move to create this joint venture is aligned with AIB’s stated ambition to complete its customerproduct suite and diversify income,” AIB said in a statement.

“Through this strategic initiative AIB intends to offer customers a range of life protection, pensions, savings and investment options enhanced by integrated digital solutions withcontinued access to our qualified financial advisors.”

The Irish lender highlighted Canada Life’s “deep experience” of the Irish bancassurance market through Irish Life Assurance, which is also a subsidiary of Great-West Lifeco.

AIB currently operates under a tied agency distribution agreement with Irish Life, and will enter into a new distribution agreement with the new joint venture company.

Chief Executive Colin Hunt highlighted the need to plug gaps in AIB’s life, savings and wealth products when he set out the bank’s medium-term targets last December.

AIB expects its equity investment in the joint venture will be around 90 million euros ($107.51 million), equating to around 10bps of CET1.($1 = 0.8372 euros)

(Reporting by Graham Fahy;Editing by Elaine Hardcastle)

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Interac: Canada’s Latest Payment Solution Phenomenon

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Few can argue that digital payment methods aren’t central to modern-day society. In recent times, increasing numbers of payment solutions have come to the forefront, offering consumers more choice regarding their transaction preferences. Canada, in particular, has embraced a wide-ranging selection of secure, forward-thinking options. Of those available throughout the country, Interac has piqued the interests of local consumers the most. So, let’s look at why this payment solution is an especially popular option throughout Canada. 

Usable Across Various Markets 

It speaks volumes about Interac’s versatility in that it’s usable across a variety of different industries. Since being founded in 1984, the Canadian interbank network has become integral to numerous markets, including local air travel. Air Canada, which has been operating since 1937, has expanded their accepted payment methods, and now passengers can pay for their flights using Interac. According to the airline’s official website, the Interac Online service lets consumers pay for their tickets via the internet directly from their bank account. 

Not only that, but Interac is also available at Walmart. In November 2020, the two organizations partnered together to expand in-store and online payment options. Walmart has adapted well to the digital trend, with American Banker reporting that they’ve opened Interac Flash sale points throughout their stores. 


Source: Unsplash

Aside from the above, Interac has also taken the digital world by storm. Following its rapid rise to prominence, the solution has also altered the online casino industry, with platforms like Genesis Casino now accepting the transaction type. The provider, which features Interac Canadian casino options, uses the popular payment method to enhance transaction speeds of deposits and withdrawals, as well as security. Players can use Interac Online and Interac e-Transfer to make deposits or withdrawals from their desktops or mobiles as the platform is fully optimized. 

A Reflection of Modern-Day Society 

In recent times, Interac recorded a 55 percent increase in transactions between April and August 2020 compared to the same period the previous year, as per BNN Bloomberg. These figures somewhat reflect the current state of e-Commerce and modern consumerism. Following the rise of Interac and other payment methods, it’s now less troublesome for consumers to complete in-store and online purchases. 


Source: PxHere

There’s an ever-growing perception that land-based businesses need to adapt within the digital era and accept forward-thinking payment methods. According to Cision, Interac is of utmost importance to the Canadian economy, and a year-on-year increase in Interac Debit payments of 333 percent reflects that. Not only that, but Interac e-Transfer payments are growing at 52 percent each year. This Interac-oriented trend appears unlikely to fade over the coming years, with the network being selected as the country’s provider for a new real-time payment system, as per Lexology. 

Consumer Habits are Changing 

There can be no doubt that consumerism has changed drastically over the past decade. The popularity of Interac suggests that a cashless future may be on the horizon, with increasing numbers of shoppers enjoying the security of online payment methods. While it’s currently unclear if that will happen, Interac appears to be prevalent for the long run.

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