Business
US businesses take COVID-19 preventive measures ahead of reopening
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Some businesses dependent on physical workplaces in Colorado of the United States are actively taking preventive measures and adjusting their work shifts under the safety guidelines provided by a newly-founded COVID-19 consultant firm for safe resumption.
After being away firm his customers for two months due to the epidemic, Zaki Hamid, owner of a contemporary clothes store called “Steadbrook” in Denver of Colorado, is taking safety precautions to keep his shop a virus-free space.
He hired a startup called “The Covid Consultants” to advise him on how to keep his shop a virus-free. Hamid said anything they can do to mitigate the risk is worth doing right now.
“We love our business, we’re so passionate about it but but safety, health and the protection of our community is our number one priority,” said Hamid.
All across the country, businesses dependent on physical workplaces are staggering work shifts and changing the way their buildings are set up and function.
Dana Lerman, a staff of the “The Covid Consultants”, is using her background as an infectious disease physician to help folks like Hamid enforce social distancing and precautions needed to comply with safety guidelines while making his employees and customers feel comfortable.
Tara Powers, founder of Powers Resource Center, is helping companies navigate this new work environment by sorting out movement patterns and areas of people at a law firm.
“She’s been spending weeks figuring out new paths of how people will flow through their large building and what elevators will be used to go up, what elevators will be used to go down,” said Powers.
It seems that the elevator traffic has become a bit of a science. Safety-related signs may soon be commonplace. The arrows pointing customers through stores and plexiglass dividers at front counters will soon become common. Cubicles and offices, as opposed to open work spaces, could also be coming in again, something that Powers worries about.
Ford Motor Company is even testing wearable wrist devices that buzz when workers get too close to each other. Of course, companies will have to decide how much to budget for all these retrofits.
Hamid has one policy that’s unique to stores like his. He said if anyone tries any clothes on, they steam it and then quarantine that piece for 24 hours. Lerman said hand-washing will also have to be done differently at his store.
“You need to implement these changes because they’re really important. You don’t want to have a COVID-19 outbreak in your facility,” said Lerman.
The stakes are high, but most businesses know they need to adjust for a very different future.
Source: CCTV
Published By Harry Miller
Business
BofA analyst calls Canadian bank stocks a ‘dicey proposition’
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BofA analyst Ebrahim Poonawala entitled a research report on Canadian banks.“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside.
“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside. In terms of fundamentals, an economy that is flirting with recession is likely to serve as a headwind to EPS growth and ROEs for banks while markets discount tail risk events stemming from higher for longer interest rates… A recurring theme during the day was expectations for increasing stress on unsecured lending and commercial, as borrowers begin to feel the impact from higher rates. Stagflation is the worst case scenario (=downside risks to our forecast), while our base case assumes that banks will muddle through what is likely to be an uncomfortable adjustment for the consumer to structurally higher interest rates … We forecast relatively anemic EPS growth 2.




Business
Before the Bell: Rate worries continue to temper sentiment – The Globe and Mail
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GO trains running normally this morning after CN outage halted service: Metrolinx – CP24
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