Starting Friday, Ontario will enter Step 3 of its reopening plan ahead of schedule, arguably the province’s most ambitious step toward reopening since the pandemic’s third wave subsided.
The move will see a number of indoor venues open their doors, while restrictions on gathering sizes in many places will be increased.
Meanwhile, the entire province of Quebec has been in the lowest alert level of the province’s colour-coded system for the past two weeks.
While COVID-19 restrictions continue to loosen in both provinces, there are differences in the rules depending on which side of the border you’re on.
Here is a guide to the rules affecting Ottawa and Gatineau, as of Friday.
Gatherings inside/outside at private residences
In Ottawa, a maximum of 25 people will be allowed to get together inside private homes for parties and other occasions when the province enters Step 3. For backyards and balconies, gathering limits increase to a maximum of 100 people from different households.
In Gatineau, people are allowed to have up to 10 people, or all the occupants from three different households, at private indoor gatherings. A maximum of 20 people are allowed to gather outdoors.
The Quebec government recommends people who are not fully vaccinated wear a mask when they are within one metre of others.
Restaurants, bars and nightclubs
Starting Friday, indoor dining and drinking at restaurants and bars will be allowed in Ottawa for the first time in several months. The province has set no limit on the number of people allowed per table or in the restaurant, as long as physical distancing can be maintained between different groups. Restaurants can offer buffet service.
Nightclubs with dance floors can also reopen with capacity limits indoors set at 25 per cent capacity to a maximum of 250 people. The province says patrons are exempt from physical distancing requirements when dancing, but that face coverings must be worn.
In Gatineau, a maximum of 10 people, or the occupants from three different households, can sit at the same table inside restaurants and bars.
At bars and breweries, customers must remain seated at their tables, except when they are going to the washroom, which means no mingling. Dancing and singing, including karaoke, isn’t permitted at the moment.
Another major difference is that alcohol sales must stop at midnight in Gatineau, whereas in Ottawa and the rest of Ontario, establishments can serve alcohol until 2 a.m. as per normal.
Gyms, sport and fitness facilities
People looking to work out, play sports or attend fitness classes indoors in Ottawa will be able to do so as of Friday. Indoor capacity at sport and fitness facilities like gyms will be capped at 50 per cent.
For the first time in months, spectators will be permitted at indoor sports and recreational facilities, with capacity limited to 50 per cent to a maximum of 1,000 people. Spectator limits at outdoor facilities with fixed seating will be 75 per cent of their usual capacity to a maximum of 15,000 people. At outdoor events without fixed seating, the capacity will be 75 per cent to a maximum of 5,000 people.
In Gatineau, people can already work out inside a gym and do other training activities at fitness centres either individually or in pairs. Lessons may be provided to individuals and to groups of no more than 25 people, while maintaining physical distance.
Fifty players are now allowed for outdoor sports and recreational activities in Quebec, including guided lessons and training. This number excludes any officials, staff or volunteers. Organized games and matches as well as leagues, competitions and tournaments are also permitted, with 50 spectators allowed to watch the same match or game.
For indoor sports, the limit is 25 players and 25 spectators.
Movie theatres in Ottawa will be able to reopen with a maximum capacity of 50 per cent inside each auditorium with a cap of 1,000 people within the entire building. All moviegoers will be required to wear masks when they aren’t sitting down.
Quebec allows a maximum of 250 people inside each auditorium, or up to 3,500 people if the room can be divided into areas of 250 people each. People from different households must have an empty seat between them and face coverings are also required.
Live performances and large events
Ottawa’s performing arts venues, including concert venues like the National Arts Centre and theatres, are limited to 50 per cent capacity, with a cap of 1,000 people indoors.
Outdoor concert venues and theatres can host audiences at 75 per cent capacity or 15,000 people outdoors for events with fixed seating. For unseated events, spectators permitted at a maximum capacity of 75 per cent or 5,000 people.
In Gatineau, auditoriums and indoor stadiums with assigned seating are allowed to present shows and sporting events before an audience of up to 3,500 people. Spectators must be subdivided into sections with a cap of 250 people and one seat must remain empty between people from different households.
Masks are mandatory in indoor events, but may be removed once seated.
Outdoor events are allowed to start admitting up to 3,500 attendees while enforcing physical distancing between people from different households and with no separate sections.
Festivals and major outdoor events where spectators are standing or sitting with no assigned seating can be held, subject to compliance with specific health measures.
Credit Suisse top energy stock picks include two Canadian companies – The Globe and Mail
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Like Scotiabank Monday, Credit Suisse analyst Manav Gupta thinks now is the time to add energy stocks.
Mr. Gupta also provided a list of top picks which includes two Canadian stocks,
“We continue to believe that in a post Russia-Ukraine conflict world, we are short of crude oil, refined products and natural gas. We estimate global oil market was undersupplied by ~1.5MMb/d in 2Q 22 and will remain undersupplied by ~0.8MMb/d in 2H 22 and this will continue to support higher prices in the near-term. While IEA still believes markets will be somewhat balanced in 2022/2023, in our opinion, IEA is overestimating supply growth from certain regions (including OPEC) and still underestimating total global demand… World is short of refining capacity and we expect US refiners will likely be one of the biggest beneficiaries of that as European peers struggle to source replacement of Russian barrels … Our favorite names… also highlight investment cases for our favorite names. Integrated oil – XOM, CVX, SU [Suncor Energy Inc.] and CVE [Cenovus Energy Inc.]. Upstream – COP, OVV and CHK. Midstream – LNG, PAA and TRGP. Refiners – VLO, MPC, DINO, PSX and VTNR.”
Wells Fargo strategist Chris Haverland details what I think is the biggest short term equity market risk – earnings downgrades,
“After growing by 9% in the first quarter of 2022, S&P 500 Index earnings are expected to have grown by 5.7% in the second quarter of 2022 … It would be the slowest quarter for growth since the fourth quarter of 2020… The energy, industrials, and materials sectors should lead the way with energy earnings expected to growth by a remarkable 205%. Excluding the energy sector, overall S&P 500 Index earnings are expected to contract by 2%… Forward guidance will be key as many companies continue to deal with rising input prices, a tight labour market and continued global supply chain constraints.”
“WF on Q2 earnings” – (research excerpt) Twitter
The longer-term outlook for copper stocks is bright because of electrification, but it would be hard to tell that as miners and the commodity price continue to fall. The RBC research team discussed the trend,
“The North American Base Metals have almost fully caught up to the copper price and are now down 6% year-to-date (copper -11.7% ytd) but are still outperforming the broader market (S&P 500 -18.7% ytd, TSX -9.4% ytd). The North American Base Metals stocks are trading at an 18% discount to NAV, above trough levels around a 40% discount but near the historical avg. discount of 22% (see page 6). While the volatility could continue, we believe this pull back creates an opportunity to add high quality names which stand to benefit from the positive copper fundamentals in the coming years.
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Review: Cadillac is making a comeback and the all-electric Lyriq SUV is set to play a key role – The Globe and Mail
As many auto manufactures have struggled during the past few years between the pandemic and a chip shortage, Cadillac is seeing success.
“Cadillac in Canada has been on a roll for the last few years. 2020 was the best year in our history from a sales perspective, said Shane Peever, managing director of Cadillac Canada during the recent test-drive event for the all-electric Lyriq compact SUV in Park City, Utah. “And then we did it again in 2021″ for back-to-back sales records.
In 2020, Cadillac sold 12,066 vehicles in Canada; in 2021, that rose to 12,743. And momentum appears to be building thanks to its first all-electric vehicle. In fact, if you want a 2023 Lyriq, you’re out of luck – it’s already sold out. More than 3,300 have been preordered in Canada, with production to begin in August. Cadillac is now accepting orders for the 2024 models with dual electric motors, 500 horsepower and all-wheel-drive. No other pricing or feature details are available.
Our test vehicle was a rear-wheel-drive Lyriq with a 12-module, 100 kilowatt-hour battery pack and a one-motor system that produces 340 horsepower and 325 lb-ft of torque, and has an estimated range of 502 kilometres. It rides on GM’s new Ultium battery architecture – it’s the same battery technology used in the GMC Hummer EV and all GM EVs moving forward. It’s less expensive, more powerful and uses less cobalt than the batteries found in the Chevrolet Bolt.
With 457 kilometres of range to start, I travelled along highways, twisty mountain roads and through quaint little villages. The Lyriq felt smooth, composed and responsive. In sharp corners, it was surprisingly well-balanced. The default setting for the one-pedal felt overly sensitive and somewhat jarring, slowing down the vehicle abruptly and making my driving partner nauseous. Thankfully, you could turn off the system easily using an icon on the massive 33-inch curved LED display. Cadillac’s so-called “Regen on Demand” system, accessed via a paddle shifter on the left side of the steering wheel, also improves efficiency by allowing the driver to adjust the regenerative braking level and control how quickly the vehicle slows down or comes to a complete stop. The pressure-sensitive paddle was a bit finicky at first, but once you got the hang of it, it created a more engaging drive and added an extra eight kilometres of range.
After several hours and nearly 120 kilometres, the range dropped 145 kilometres – not bad considering we blasted the air conditioning in the blazing 27-degree heat, turned on the ventilated front seats, pumped up the tunes on the AKG 19-speaker audio system, and drove it like a gas-powered vehicle.
When stopped, the Lyriq garnered attention and compliments constantly from pedestrians, cyclists and other drivers. No surprise – it looks sharp. Designers faced challenges creating a new, memorable brand identity for Cadillac now that it has no engine. “For so long, the car’s design and face were defined by that big grille and the patterns and shapes that went into it. Now, everybody is rethinking, how do you have a clean brand identity that still feels unique in the marketplace,” said Tristan Murphy, interior design manager of the Cadillac Lyriq.
For Murphy, the solution was simple – it was in the lighting. “What really separates the Lyriq [from the competition] is the whole light-up animation. We took lighting to a whole other level where it’s not just about lighting the road and being functional, but being part of a beautiful walk-up sequence,” said Murphy. It’s stunning to witness – walk up to the vehicle with key fob in hand and the front lights come to life, starting with Cadillac’s trademark centre crest and working outward to the slim, vertical LED headlamps before ending with the rear taillights. The lighting theme also extends inside with 26 customizable colour choices to alter the mood in the cabin.
Removing the engine eliminated other constraints for designers, too. With no transmission tunnel, for example, it opened up the floor plan and allowed for smart storage solutions including a spot to store your purse, within arm’s reach. The bin is lined elegantly in juniper blue; the pattern is repeated above in a jewelrylike drawer perfect for hiding smaller items like cellphones or wallets. Intricate laser-etched patterns on the dark-ash wood highlight the craftsmanship and attention to detail in the cabin.
The Lyriq will be built at GM’s Spring Hill manufacturing facility in Tennessee and delivery for Canadian customers is expected later this summer.
2023 Cadillac Lyriq
- Base price: $69,898 (including Destination and Freight Charges)
- Motors: one motor (2023); dual electric motors (to come for 2024)
- Battery Pack: 100.4 kilowatt hours (rear-wheel drive); not announced (all-wheel drive)
- Charging capability: Level 2 (240-volt) 6-10 hours; DC fast-charger, 122 kilometres in 10 minutes
- Horsepower/torque (lb-ft): 340/324 (rear-wheel drive); 500/not announced (all-wheel drive)
- Claimed Range: 502 km (rear-wheel drive); not announced (all-wheel drive)
- Alternatives: Tesla Model Y, Audi Q4 e-tron, Jaguar I-Pace, Genesis GV60
Even though the Lyriq is electric, it still looks like a Cadillac. The new face is dramatic and bold with striking lighting details at the front and rear. I’m not a fan of the flush door handles, which make opening the door a two-step process – push the electronic button on the handle and grab the shark fin accent a few inches above.
In true Cadillac fashion, the cabin is upscale with a massive curved 33-inch LED display to access many items from the audio and navigation systems to the glove box compartment and ambient lighting choices. Many functions can also be controlled using a rotary dial on the centre control, but I prefer using the touch screen or better yet, Google’s personal assistant – it’s fast and works well.
The Lyriq is more engaging to drive than many competitors. Climbing up mountains was effortless and along sweeping roads it was sure footed. The ride was also whisper quiet with little road or wind noise in the cabin. The 2024 all-wheel-drive model is expected to tow up to 3,500 pounds.
The Lyriq is loaded-to-the-nines with safety technology and driving aids such as adaptive cruise control, advanced parking assist and Super Cruise, GM’s semi-autonomous hands-free driver assistance system. It also has Google with Google Maps and a personal voice assistant, wireless Apple Car Play and Android Auto, a built-in WiFi hot spot, and over-the-air software update capabilities.
Many competitors have front trunks, but the Lyriq doesn’t. No biggie – the rear cargo is large with 793 litres of space. The rear seats fold down with the touch of two buttons in the cargo area. Drop the seats and the cargo expands to 1,723 litres.
Cadillac is making a comeback and the Lyriq will certainly help thanks to innovative design cues, long driving range and posh, tech-friendly interior.
The writer was a guest of the auto maker. Content was not subject to approval.
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