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Malls packed with last-minute shopping madness – Ottawa Citizen

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It was the last Saturday before Christmas, and all through the malls there were lots of people stirring about.


Shoppers trundle about at the Tanger Outlets mall in Ottawa’s west end on Saturday.


Ashley Fraser / Postmedia

Downtown shops and city shopping malls were packed with the predictable holiday hordes Saturday, with shoppers gripping their lists and checking them twice amid the last-minute madness.

But, above all the bustle, those weren’t silver bells, but rather cash register drawers that were jingling all the way.

Ottawa mall parking lots made for perhaps the most precarious parts of the trek, with the goodwill of the season the first thing to fly out windows with available spots in short supply.


Christmas shoppers at the Tanger Outlets mall in Kanata on Saturday.

Ashley Fraser /

Postmedia

A (slightly) more organized sort of chaos awaited indoors, as people laden with all manner of parcels darted in and out of shops, fuelled up at food courts and kept track of bored children while strategically avoiding the paths that would take them past the mall Santa and frantically texting friends and family to ensure no one else got Grampa the exact same sweater priced at 40 per cent off.

Thankfully, no serious incidents were reported.

Stay safe Ottawa.

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Feds pledge $440 million to join international vaccine program – CTV News

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OTTAWA —
Canada will spend $440 million to join an international program which is trying ensure COVID-19 vaccines aren’t just hoarded by rich countries, Prime Minister Justin Trudeau said Friday.

But Canada is spending more than twice that to gain private access to millions of doses of some of the most promising vaccines in development. That includes a sixth deal announced Friday with AstraZeneca for up to 20 million doses of its vaccine candidate, which is in the third and final phase of clinical trials.

The federal government has committed more than $1 billion to buying vaccines for Canada, much of which is not refundable even if the vaccines are never approved.

 

Trudeau also unveiled Canada’s financial commitment for the COVID-19 Vaccine Global Access Facility, known as COVAX.

Canada is among 64 high-income countries that have committed to joining COVAX.

Canada is joining both parts of the initiative: one which secures access to millions of doses of vaccines for Canada, and the other which has wealthier nations pooling their funds to help lower and middle-income countries secure doses as well.

The $440 million is split equally between the two parts, with half securing 15 million doses of vaccines for Canada from COVAX, and the other half going to help poorer countries get doses as well.

“Canadians must have access to a safe and effective vaccine against COVID-19 no matter where it is developed,” Trudeau said at a news conference in Ottawa.

But he said to eliminate the virus in Canada, it also needs to be eliminated around the world.

The Canadian Coalition for Global Health Research and the Canadian Society for International Health have both criticized Canada for acting to buy doses of vaccine for itself, saying it hinders efforts to ensure successful vaccines are distributed fairly around the world.

 

This report by The Canadian Press was first published Sept. 25, 2020.

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S&P 500, Dow set to extend longest losing spree in a year – Reuters

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(Reuters) – Wall Street’s main indexes rose on Friday, led by technology-related stocks, but were still set for their longest weekly losing streak in a year as fears about the coronavirus’ impact on the economy weighed on investor sentiment.

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid

Shares of tech mega-caps including Facebook Inc FB.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O, Apple Inc AAPL.O and Netflix Inc NFLX.O, which are perceived as relatively safe assets at a time of economic uncertainty, climbed between 0.4% and 1.9%.

The information technology index .SPLRCT jumped another 1.2% after outperforming for most of the week as investors ditched value-linked stocks .IVX in the face of deteriorating economic data.

“We’ve been down for a number of days and the market is such that it’s looking for opportunities to buy,” said Barry James, portfolio manager at James Investment Research in Ohio.

All the three major U.S. stock indexes are on course for their fourth straight week of declines – their longest weekly losing streak since August 2019.

Volatility .VIX has also shot up as investors look for clarity on more Congressional stimulus ahead of the Nov. 3 presidential election.

At 11:40 a.m. ET, the Dow Jones Industrial Average .DJI was up 97.00 points, or 0.36%, at 26,912.44, the S&P 500 .SPX was up 19.02 points, or 0.59%, at 3,265.61, and the Nasdaq Composite .IXIC was up 116.18 points, or 1.09%, at 10,788.44.

The S&P industrials sector .SPLRCI added 0.8% as data showed new orders for key U.S.-made capital goods jumped in August, while a 0.7% slide in energy stocks .SPNY put them on course for one of their worst weeks since the coronavirus-driven crash in March.

Royal Caribbean RCL.N, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N jumped more than 5% after a report that Barclays upgraded their stock to “overweight”.

Costco Wholesale Corp COST.O fell 2.6% as the warehouse chain recorded high coronavirus-related costs for the second straight quarter.

Boeing Co BA.N gained 3.6% after Europe’s chief aviation safety regulator said the planemaker’s grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year.

Novavax Inc NVAX.O jumped 11.3% after the drugmaker launched a late-stage trial of its experimental COVID-19 vaccine in the UK.

Advancing issues outnumbered decliners 1.29-to-1 on the NYSE and 2.09-to-1 on the Nasdaq.

The S&P index recorded one new 52-week high and no new low, while the Nasdaq recorded 14 new highs and 30 new lows.

Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur and Anil D’Silva

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Canada's top growing companies: 2020 – The Globe and Mail

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W

Welcome to our second annual ranking of Canada’s Top Growing Companies. The 400 businesses on this list sprawl
across sectors, from fashion to finance, and manufacture everything from medical testing devices to organic
pasta.

Much of the success celebrated in these pages occurred before a global pandemic changed how most
companies operate. But as you will read, many of these businesses were able to adapt, innovate and even expand
despite the challenges posed by these past few months.

As individual companies, and the entire country, work to
rebuild, there’s more need than ever to share the stories of entrepreneurial success—and the innovations and
strategies that made it possible.

OUR METHODOLOGY

Launched in 2019 by The Globe and Mail, the program ranks participating private and public Canadian businesses on three- year revenue growth. Canada’s Top Growing Companies is a voluntary program. We accepted entries from businesses through May 31, 2020.

Applicant companies had to submit a ballot, complete a full application survey and supply supporting financial documentation to our research team for both 2016 and 2019. We evaluated companies based on the most recent fiscal year for which financial statements were available, with a latest possible year-end date of April 30, 2020. In some unique cases, companies were evaluated on calendar years instead of fiscal.

In order to qualify, a company had to have at least $2 million in annual sales in its most recent fiscal year. Companies had to be for-profit, Canadian-run, headquartered in Canada and independent. In rare cases in which applicant companies were recently acquired, they were admitted only if the acquisition occurred following the close of the companies most recent fiscal year.

Franchisors were ranked on corporate revenue only, not systemwide sales. All revenue figures are in Canadian dollars, unless otherwise indicated.

Research was conducted by Deborah Aarts and Stefanie Marotta. To learn more about the program or to apply for the 2021 ranking, please visit tgam.ca/TopGrowing.

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