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‘Final nail in the coffin’ of 2020 cruise ship season in Victoria due to COVID-19 – CHEK

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Victoria’s cruise ship season has come to an end following an announcement from Ottawa Friday.
“Cruise ships with overnight accommodations and a capacity of more than 100 persons, that includes passengers and crew, will be prohibited from operating in Canadian waters until at least October the 31st,” said federal Minister of Transport Marc Garneau.
Around $130 million dollars is now gone from Victoria’s economy, and around 800 jobs are also lost as a result.
READ MORE: Cruise ships carrying 100 or more passengers banned in Canada until October
Greater Victoria’s Harbour Authority agrees with the decision following concerns about COVID-19, but says the news is still devastating.
They are also asking for assistance to keep Victoria’s tourism industry going.
“It puts the final nail in the coffin for the 2020 cruise season,” said Harbour Authority CEO Ian Robinson.
“It’s very difficult to absorb. We were looking forward to having another record cruise season. There were well over 300 ships calls bringing in over 770,000 passengers. It was going to be another record year. Cruise is extremely important economically.”
The harbour authority relies on the season for 70 per cent of their revenues. They’ve been forced to lay off almost 50 per cent of their staff but say they will be able to make it through the crisis. But residents could be impacted in more ways than just less business.
“We will get through this as an organization, but there could be some impacts to residents around the properties we are responsible for stewarding,” said Robinson.
But their biggest worry is about small and medium businesses
Fisherman’s Wharf is one of the bustling spots when ships visit. Summer is what keeps many of the shops going through the tough winter season.
“It’s a big hit,” said Jackson Avio, owner of Jackson’s Ice Cream.
“Maybe half of our business comes from cruise ships, in our busiest months July and August. I feel bad for the students that I would normally hire. We are just going to do it with a skeleton staff.”
Victoria’s Barb’s Fish & Chips has been a staple for 35 years. They say the ships only make up to around 15 per cent of their business, but with few other ways for visitors to come this summer, they are expecting it to be tough.
“I think survival is the name of the game is 2020. Ultimately recovery will be years,” said owner Ian Poyntz.
Locals will be critical to keeping the shops going.
The harbour authority is calling on both the federal and provincial governments to help keep Victoria’s tourism economy afloat.
“Quite frankly I don’t think its enough I think governments at all levels,” said Robinson.
“We have to focus in on what type of financial support can be available to those small and medium-sized tourism operators so they can get through the fall and winter, so they are here next year for when tourism and cruise returns.”

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DavidsTea files for creditor protection; some stores won't reopen – Montreal Gazette

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Article content continued

DavidsTea is continuing to seek more favourable lease conditions, and “ultimately may terminate a significant number” of its 222 leases, Zitella added.

Many of the company’s stores occupy prime locations — such as 1 Place Ville Marie in downtown Montreal, or shopping malls including Promenades St-Bruno — that typically command higher-than-average rents.

DavidsTea’s growth was already slowing before COVID-19 hit, and the company had reached a point where it needed to rationalize, said JoAnne Labrecque, a marketing professor at the HEC Montréal business school.

“This is an example of a company that experienced rapid growth, opened a lot of stores, and finally the concept reached a saturation point,” Labrecque said in a phone interview. “The lockdown accelerated everything. When you don’t have any revenue, the business model quickly becomes unsustainable.”

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Additional warning about Vancouver’s No5 Orange following possible exposure of COVID-19 – News1130

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VANCOUVER (NEWS 1130) – An expanded COVID-19 notification has been issued by Vancouver Coastal Health after an additional person who tested positive for the virus visited the site.

Anyone who visited the Vancouver club on July 1, 3, 4 and 7 may have been exposed to the virus and is being advised to monitor themselves for any symptoms of the virus.

On Tuesday Vancouver Coastal Health had warned about a possible exposure on July 1st but has learned about another person who attended several other times who contracted the virus.

The lounge has been closed down by VCH to review its safety plan.

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Fed's Bostic reportedly says U.S. recovery may be 'leveling off' – CNBC

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Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta 

Christopher Dilts | Bloomberg | Getty Images

Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.

High-frequency data had shown a “leveling off” of economic activity both in terms of business openings and mobility, he told the Financial Times newspaper in an interview published on Tuesday.

“There are a couple of things that we are seeing and some of them are troubling and might suggest that the trajectory of this recovery is going to be a bit bumpier than it might otherwise,” he told the newspaper.

“And so we’re watching this very closely, trying to understand exactly what’s happening.”

California, Texas and Florida are all among two dozen U.S. states reporting high infection rates as a percentage of diagnostic tests conducted over the past week, an alarming sign of a virus still spreading largely unchecked throughout much of the country.

The U.S. death toll from the virus has topped 130,000, Reuters calculations show.

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