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How popular vacation destinations for Canadians are faring in the coronavirus crisis – CTV News

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TORONTO —
Many Canadians normally start planning vacation getaways this time of year, with winter just three months away. But in a pandemic year, when many would-be travellers are likely opting to stay home, airlines are trying to entice them by offering free COVID-19 insurance coverage on some flights.

The Canadian government’s official travel advisory still recommends Canadians avoid non-essential travel outside the country. But for those choosing to take their chances, which of the popular vacation spots have high cases? Which are doing relatively well?  And which ones are even open to Canadian tourists?

According to a “trends in travel” report produced by the American online travel shopping company, Expedia, countries like Aruba, Mexico and St. Lucia have become “go-to travel destinations for Canadians in search of a warm beach vacation closer to home.”

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The charts below track the COVID-19 statuses of some of the more popular island destinations, including some European countries that have become popular recently with Canadians, according to Expedia data that tracks “flight demand” among Canadian users.

Not seeing the charts below? Click here

 

When COVID-19 cases are measured per capita, Aruba tops the list as one of the countries worst hit by the virus. As of Sept. 16, the country reported 1,630 active cases with a total case number of 3,328, a significant increase from the 13 cases that were reported at the beginning of August. That’s out of a population of just under 107,000 people.

The country opened its borders to welcome international travel in June with some restrictions, after initially keeping them closed for several months to help limit the spread of the virus. Officials say more than 11,000 international travellers visited the island less than a month after reopening.

“As one of the most tourism dependent countries in the world, the impact of COVID has been a massive challenge,” CEO of the Aruba Tourism Authority, Ronella Tjin Asjoe-Croes told Travel Pulse in August. “Beach destinations rank high on travellers’ wish lists and we’ve seen a strong desire for people to travel to Aruba.”

An Air Canada flight from Aruba to Toronto on Aug. 8 carried a passenger infected with COVID-19.

 

Hotel resorts in Mexico have seen an increase in travellers, as the coronavirus continues to wreak havoc on nationals at home. Earlier this month, the country had to order 1.1 million additional death certificates after parts of the country ran out.

The country has topped more than 70,000 official COVID-19 related deaths, though experts believe the actual death toll is likely to be much greater due to discrepancies with the data.

There are currently no testing or quarantine requirements in place for travellers to Mexico. In May, the Los Cabos Tourism Trust (FITURCA) announced that it would introduce a five-phase plan to reactivate tourism in the area amid the pandemic. “The way we travel may have changed, but the experiences in Los Cabos remain unique,” Rodrigo Esponda, Director General of FITURCA said in a statement.

 

Health officials in Saint Lucia are taking a strict approach when it comes to letting tourists into the country. Before arriving, travellers must provide proof of a negative COVID-19 test, taken no more than seven days prior to their arrival.

Saint Lucia allowed tourism to resume on July 9. All visitors are required to submit a travel registration form advising officials of their vacation details no less than three days before their departure to the island. “The processing of passengers coming in has helped to protect the health and safety of our people,” Tourism Minister Dominic Fedee said, according to a report in the St. Lucia Times. Fedee called the screening facility at the country’s Hewanorra airpor world class.

 

Starting on Sept. 15, all tourists visiting a hotel in the Dominican Republic will be given a temporary travel insurance plan that will provide coverage for COVID-19 testing, lodging for prolonged stays in case of quarantine, and the cost for changing flights in the event of an infection. The insurance will be provided free of cost to the visitor until the end of December.

Officials are hoping the plan will help relaunch tourism in the country and help travellers feel at ease. Tourism is one of the main pillars supporting the Dominican economy and accounts for approximately eight per cent of the country’s total GDP.

 

Barbadian Prime Minister Mia Amor Mottley announced in July that the country had reached a COVID-19 milestone with no new cases over a period in June. Since then, the country has managed to maintain a relatively low number of new infections.

All travellers from high risk counties with more than 10,000 new cases are strongly encouraged to take a COVID-19 test within 72 hours of their departure to Barbados. Travellers from low risk countries with fewer than 100 new cases are asked to take a COVID-19 test within seven days of travel.

Travellers are also asked to complete an online embarkation and disembarkation card with personal health questions relating to COVID-19 symptoms. Once all the required steps are completed and supporting documents are uploaded travellers will receive a bar code via email. Upon arrival, travellers will be asked to produce their negative test results and bar code to clear immigration.

 

The islands opened its international airport on July 22, 2020. Since then there has been an uptick in the number of COVID-19 Cases in Turks and Caicos.

Canadian travellers are allowed to travel to Turks & Caicos without a tourist visa for stays up to 90 days. All travellers coming into the islands are required to obtain pre-travel authorization which involves providing a negative COVID-19 PCR test result, taken within five days prior to travel.

The islands currently have a nightly curfew until Sept. 30, 2020, from 8 p.m. to 5 a.m.

 

Belize is currently closed for international travel, but plans to reopen its airport on Oct. 1, 2020.

All travellers to the Central American nation must test negative for COVID-19 and only stay at approved hotels. Some of the pre-travel requirements involve downloading and registering on the “Belize Health app” that will help authorities manage your movement in the country and provide COVID-19 related information. Visitors must also take a PCR test within 72 hours of boarding their flight.

 

As of July 1, 2020, Canada became one one of the medium-risk countries from which travel to Curacao is allowed.

Canadians will have to show proof of a negative result from a certified COVID-19 PCR-test by uploading the results to an official Curacao website before departure for the country.

Canadians will also have to show proof they haven’t travelled to another high-risk country or have been in contact with a person who tested positively for COVID-19, within 14 days prior to arrival.

 

After a surge of cases in August, stay-at-home orders went into effect for the public. Hotels, villas, Airbnb accommodations, guest houses, temporary vacation housing, and charter vessels were told not to accept or book any new reservations until Sept. 19, 2020.

All travellers arriving on or before Sept. 18 are required to upload COVID-19 test results based on the case positive rate of the country or state they are travelling from. Travellers arriving after Sept. 18 must provide negative COVID-19 test results.

 

Apart from accepting those travelling from the European Union, from a country in the Schengen area, Spain is also accepting travellers from Canada, along with 11 other countries that have a reciprocal agreement with Spain for accepting travellers.

Canadians can travel to Spain without a visa for stays up to 90 days. All travellers are required to fill out a health control form before departing for Spain.

 

As of July 17, 2020, Canadians can travel to Germany.

Travellers entering Germany following a stay in a risk area within the past 14 days must self-isolate for 14 days. As of September, Canada is not a risk area for Germany and hence the self-isolation and testing requirements don’t apply to Canadians. But testing is encouraged.

 

Japan remains closed to international tourists and foreigners who’ve been to any of over 100 countries around the world — including Canada — within the past 14 days. The travel ban covers all foreign nationals, including those holding permanent resident status.

Japan is planning to gradually re-open its borders to business travellers and certain professionals from countries where COVID-19 has been contained. Students will then follow, and lastly, tourists, although no specific timeline has yet been provided.

 

Canadian travellers to Italy must observe a 14-day quarantine upon arrival. Canadians are among visa-exempt countries that must fill out an Italy Self-Declaration form that must be provided when boarding transportation including flights and trains in Italy.

As of July 1, Canadians were among 14 nationalities allowed to travel to Europe’s Schengen Area for up to 90 days without a visa. (The visa-free Schengen Area includes 27 EU nations plus four non-EU nations – Iceland, Liechtenstein, Norway and Sweden).

 

Thailand is still closed for travel and to all foreign nationals, with few exceptions. Only foreigners taking part in trade fairs, foreign film crews, and foreign visitors for medical and wellness services are being allowed to enter Thailand, but they’re subject to a 14-day quarantine and potential COVID-19 testing upon arrival.

The Thai government is planning to allow foreign tourists onto the island of Phuket starting October. But they must stay for at least 30 days and quarantine for the first 14 days of their visit.

Portugal opened its borders to Canadian on July 7, with no quarantine needed. Portugal claims to have successfully implemented ‘Clean and Safe’ – a searchable government certification and registry program — to assure visitors its hotels, rental cars and restaurants are following health guidelines.

 

India has limited international travel at the moment. Travellers with an emergency visa issued after March 22, for medical and humanitarian purposes, are eligible enter India. Canadians are allowed to enter under a special bilateral air travel arrangement (special flights) if they meet any one of the following requirements: At least one family member (parent, child or spouse ) is an Indian citizen; is on a business visa; a journalist visa; is a Canadian healthcare professional or health researcher.

Those who fall under these categories must file for a new visa before travel. Upon arrival, travellers must undergo seven days of paid institutional quarantine at their own cost, followed by seven days of isolation at home with self-monitoring of health. Travellers may be exempt from institutional quarantine by submitting a negative RT-PCR test report on arrival.

 

Canadians can freely travel to Switzerland, as it’s one of the approved countries listed by the Swiss government whose travellers don’t have to undergo mandatory testing or quarantines upon arrival.

All travellers should expect a health screening, however, upon arrival in the country.

Canadians were among nationalities allowed to enter Poland as of June, without any restrictions. Face coverings were no longer required outside as of May 30, but must be worn in public buildings and churches and on public transportation. Theatres are permitted to operate with 50 per cent occupancy.

Poland did, however, recently re-introduce a ban on flights from 46 countries, reacting to a spike in coronavirus infections. Canada was not among the countries affected.

With files from Jonathan Forani. Development from Jesse Tahirali and Mahima Singh

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Oil Firms Doubtful Trans Mountain Pipeline Will Start Full Service by May 1st

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Pipeline

Oil companies planning to ship crude on the expanded Trans Mountain pipeline in Canada are concerned that the project may not begin full service on May 1 but they would be nevertheless obligated to pay tolls from that date.

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In a letter to the Canada Energy Regulator (CER), Suncor Energy and other shippers including BP and Marathon Petroleum have expressed doubts that Trans Mountain will start full service on May 1, as previously communicated, Reuters reports.

Trans Mountain Corporation, the government-owned entity that completed the pipeline construction, told Reuters in an email that line fill on the expanded pipeline would be completed in early May.

After a series of delays, cost overruns, and legal challenges, the expanded Trans Mountain oil pipeline will open for business on May 1, the company said early this month.

“The Commencement Date for commercial operation of the expanded system will be May 1, 2024. Trans Mountain anticipates providing service for all contracted volumes in the month of May,” Trans Mountain Corporation said in early April.

The expanded pipeline will triple the capacity of the original pipeline to 890,000 barrels per day (bpd) from 300,000 bpd to carry crude from Alberta’s oil sands to British Columbia on the Pacific Coast.  

The Federal Government of Canada bought the Trans Mountain Pipeline Expansion (TMX) from Kinder Morgan back in 2018, together with related pipeline and terminal assets. That cost the federal government $3.3 billion (C$4.5 billion) at the time. Since then, the costs for the expansion of the pipeline have quadrupled to nearly $23 billion (C$30.9 billion).

The expansion project has faced continuous delays over the years. In one of the latest roadblocks in December, the Canadian regulator denied a variance request from the project developer to move a small section of the pipeline due to challenging drilling conditions.

The company asked the regulator to reconsider its decision, and received on January 12 a conditional approval, avoiding what could have been another two-year delay to start-up.

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Tesla profits cut in half as demand falls

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Tesla profits slump by more than a half

Tesla logo.

Tesla has announced its profits fell sharply in the first three months of the year to $1.13bn (£910m), compared with $2.51bn in 2023.

It caps a difficult period for the electric vehicle (EV) maker, which – faced with falling sales – has announced thousands of job cuts.

Boss Elon Musk remains bullish about its prospects, telling investors the launch of new models would be brought forward.

Its share price has risen but analysts say it continues to face significant challenges, including from lower-cost rivals.

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The company has suffered from falling demand and competition from cheaper Chinese imports which has led its stock price to collapse by 43% over 2024.

Figures for the first quarter of 2024 revealed revenues of $21.3bn, down on analysts’ predictions of just over $22bn.

But the decision by Tesla to bring forward the launch of new models from the second half of 2025 boosted its shares by nearly 12.5% in after-hours trading.

It did not reveal pricing details for the new vehicles.

However Mr Musk made clear he also grander ambitions, touting Tesla’s AI credentials and plans for self-driving vehicles – even going as far as to say considering it to be just a car company was the “wrong framework.”

“If somebody doesn’t believe Tesla is going to solve autonomy I think they should not be an investor,” he said.

Such sentiments have been questioned by analysts though, with Deutsche Bank saying driverless cars face “technological, regulatory and operational challenges.”

Some investors have called for the company to instead focus on releasing a lower price, mass-market EV.

However, Tesla has already been on a charm offensive, trying to win over new customers by dropping its prices in a series of markets in the face of falling sales.

It also said its situation was not unique.

“Global EV sales continue to be under pressure as many carmakers prioritize hybrids over EVs,” it said.

Despite plans to bring forward new models originally planned for next year the firm is cutting its workforce.

Tesla said it would lose 3,332 jobs in California and 2,688 positions in Texas, starting mid-June.

The cuts in Texas represent 12% of Tesla’s total workforce of almost 23,000 in the area where its gigafactory and headquarters are located.

However, Mr Musk sought to downplay the move.

“Tesla has now created over 30,000 manufacturing jobs in California!” he said in a post on his social media platform X, formerly Twitter, on Tuesday.

Another 285 jobs will be lost in New York.

Tesla’s total workforce stood at more than 140,000 late last year, up from around 100,000 at the end of 2021, according to the company’s filings with US regulators.

Musk’s salary

The car firm is also facing other issues, with a struggle over Mr Musk’s compensation still raging on.

On Wednesday, Tesla asked shareholders to vote for a proposal to accept Mr Musk’s compensation package – once valued at $56bn – which had been rejected by a Delaware judge.

The judge found Tesla’s directors had breached their fiduciary duty to the firm by awarding Mr Musk the pay-out.

Due to the fall in Tesla’s stock value, the compensation package is now estimated to be around $10bn less – but still greater than the GDP of many countries.

In addition, Tesla wants its shareholders to agree to the firm being moved from Delaware to Texas – which Mr Musk called for after the judge rejected his payday.

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Stock market today: Nasdaq futures pop, Tesla surges after earnings with more heavyweights on deck

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Tech stocks rose on Wednesday, outstripping the broader market as investors welcomed Tesla’s (TSLA) cheaper car pledge and waited for the next rush of corporate earnings.

The Nasdaq Composite (^IXIC) rose roughly 0.6%, coming off a sharp closing gain. The S&P 500 (^GSPC) was up 0.2%, continuing a rebound from its longest losing streak of 2024, while the Dow Jones Industrial Average (^DJI) fell 0.1%.

Tesla shares jumped nearly 12% after the EV maker’s vow to speed up the launch of more affordable models eclipsed its quarterly earnings and revenue miss. That cheered up investors worried about growth amid a strategy shift to robotaxis and the planned cancellation of a cheaper model.

The results from the first “Magnificent Seven” to report have intensified the already high hopes for Big Tech earnings, that the megacaps can revive the rally in stocks they powered. The spotlight is now on Meta’s (META) report due after the market close, as the Facebook owner’s shares rose after the Senate voted for a potential ban on rival TikTok. Microsoft (MSFT) and Alphabet (GOOG) next up on Thursday.

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Meanwhile, Boeing (BA) reported better than expected first quarter results before the opening bell with a loss per share of $1.13, narrower than the $1.72 estimated by Wall Street. Shares rose about 2% in morning trade.

Live6 updates

  • Tech leads at the open

    Tech stocks rose on Wednesday, outstripping the broader market as investors welcomed Tesla’s (TSLA) cheaper car pledge and waited for the next rush of corporate earnings.

    The Nasdaq Composite (^IXIC) rose roughly 0.6%, coming off a sharp closing gain. The S&P 500 (^GSPC) was up 0.2%, continuing a rebound from its longest losing streak of 2024, while the Dow Jones Industrial Average (^DJI) fell 0.1%.

  • Just off the phone: Otis CEO Judy Marks

    Many in the Yahoo Finance newsroom know of my joy for reading up on elevator and escalator maker Otis Worldwide (OTIS) — I am fascinated by what the company makes, how it makes it and what it all says about the health of the global economy.

    I just got off the phone with Otis CEO Judy Marks. Her comments to me on China — following her trip in March to the country (an important market for Otis) — left an impression:

    “The message from the Chinese government is we want economic development. We want foreign direct investment. We’re going to celebrate 40 years in China this year, and it’s an important market to us, but we’ve watched as the market has developed and some of the challenges in the property market and they’re really continuing. I would tell you that the property market and the new equipment market similar to the last 18 to 24 months, it remains weak. Liquidity and credit constraints are weighing on the developers, and the top 50 developer sales this quarter were down almost 50% versus this quarter last year. So on the equipment side, we’re calling this a down high single digit to down 10% market for the year.”

    Marks doesn’t see growth returning to Otis’ China business in 2024.

  • Hilton continues to buy its company back

    Hilton (HLT) continues to be one of the most aggressive acquirers of its stock out of the gazillion companies I follow closely.

    In many respects, it almost feels like Hilton is taking itself private again! The hotel and resorts company went public again in 2013 after being bought by Blackstone in 2007.)

    This from the company’s just-released earnings report:

    “During the three months ended March 31, 2024, Hilton repurchased 3.4 million shares of its common stock at an average price per share of $196.17, for a total of $662 million, returning $701 million of capital to shareholders during the quarter including dividends. The number of shares outstanding as of April 19, 2024 was 250.0 million.”

    For perspective, Hilton ended 2022 with a share count of 277 million.

  • Toymaker earnings not coming in fun

    No playing around here, earnings from major toymakers Mattel (MAT) and Hasbro (HAS) aren’t very fun to look at.

    Not exactly a great earnings report from Mattel last night — now saying it will return to revenue growth in 2025. Mattel is unique in that the Barbie movie really drove up its results last year, so things mathematically will be down. Sales fell 1% year-over-year in the first quarter.

    Hasbro’s earnings this morning are also tough on the eyes for investors. The company is calling out a 21% sales plunge in its key consumer products business due to “broader industry trends, exited businesses and reduced closeout sales as a result of last year’s inventory clean-up.”

    Both weak reports say a lot about where shoppers minds are at right now … not with buying dolls, action figures and board games.

  • One stat to know on AT&T

    I am still wading through AT&T’s (T) long earnings report, but one number caught my attention right off the jump.

    $4.7 billion.

    That’s how much debt AT&T repaid in the quarter, as it continues to try to bring down leverage in life after Time Warner. CEO John Stankey has told me a few times within the past year that paying down debt is one of the most important goals for his management team.

    As it should be — AT&T still ended the first quarter with about $132.8 billion in total debt! The company’s market cap is $118 billion.

  • A list of questions Tesla investors need to ponder

    The day after.

    Tesla (TSLA) CEO Elon Musk has played investors like a fiddle. He gave them what they were clamoring for ahead of earnings — details on a cheaper Tesla — and they are eating it up. Shares are up 10% in pre-market trading, and the company’s ticker is dominating the Yahoo Finance Trending Ticker page.

    All of that is fine and good, but it all detracts (likely by Musk’s design) from the main story at Tesla that has weighed on its stock price this year: The company is struggling, and any bold promises by Musk that sends its stock higher inside an awful year for the company should be questioned big-time.

    Here are some questions the Tesla bulls need to ask themselves.

    • Musk promises robotaxis, shows off in the earnings slide-deck what their ride-sharing app may look like. But…
      • What do regulators have to say about this? How feasible is this launch within the next 12-months?
      • Musk does know that Uber (UBER) exists right? And that it’s nicely making profits finally and investing aggressively in its business.
      • Musk seems to think people will want to share their Teslas and make this platform a success. What happens if they don’t want to share their tricked out Model 3?
      • Musk mentions Tesla will own some of the robotaxi fleet. What does that do to its cash flow and margin profile? Do investors and analysts want to see Tesla saddled with these extra costs while the pure EV business is under pressure and they are trying to make humanoid Optimus robots?
    • Musk promises he is fully engaged at Tesla. But …
      • Some interesting dialogue on the earnings call on how long Musk plans to stay CEO of Tesla. He didn’t answer precisely with a timeline, said he works on Sunday and seemingly around the clock (like many other humans). He then questioned whether Tesla could get out its robots if he weren’t leading the company. Is now the time to ponder a Musk-less Tesla within the next few years? What does that even look like for investors? So many of his top execs have left or are leaving, including one of the guys on the earnings call last night! If buttoned-up/corporate Disney (DIS) CEO Bob Iger is seen as failing at succession planning, then Musk could be seen as one of the worst succession planners in CEO history.
    • Musk pounds the table on Tesla being an AI company again. But …
      • Sure, Tesla has some amazing technology. But doesn’t Tesla make cars first that then use its technology? Who would you rather own stock in? A pure play AI company such as Microsoft (MSFT) or a car company masquerading as an AI company?
    • Musk hypes a cheaper Tesla. But …
      • Tesla is no stranger to recalls and concerns about product quality. Just check out the Cybertruck recall last week! So, how high quality is a $25,000 Tesla going to be? This sounds like it could be a dreadful ownership experience, not unlike when my parents bought a cheap 1986 Ford Tempo and a 1987 Ford Escort when they came out.

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