Connect with us

Business

Your guide to what's open and closed on Victoria Day – CBC.ca

Published

on


This Victoria Day may look vastly different for some, like those who usually travel to the United States or vacation to another province for the May long weekend.

Borders are closed because of COVID-19, and attractions and events that would normally be allowed to take place this weekend are either closed or cancelled. 

Dr. Jennifer Russell, New Brunswick’s chief medical officer of health, and Premier Blaine Higgs reminded the public on Friday to keep to their respective two-family household bubbles and follow physical distancing guidelines. 

“I want everyone to enjoy this holiday weekend but I want everyone to be safe,” Russell said on Friday.

Gatherings of 10 or fewer people outside the two-household bubble are allowed, but people must be outdoors and must remain two-metres apart.

Here’s a guide to what’s open and closed this long weekend.

Retail and grocery

  • Regent Mall in Fredericton, Champlain Place in Dieppe and McAllister Place in Saint John will be closed Monday.
  • Atlantic Superstore, Sobeys and Walmart will be closed.
  • NB Liquor will be closed.
  • Cannabis NB will be closed.
  • The Saint John City Market will be closed.

Government offices and public services

  • Fredericton City Transit, Codiac Transpo, Saint John Transit and Miramichi Transit will not run.
  • City halls and administrative offices are closed.
  • Service New Brunswick, which is currently operating by appointment only, is closed. 
  • New Brunswick public libraries are closed.

Pharmacies and discount stores

  • Most Shoppers Drug Mart stores will be open, except locations at King’s Place in Fredericton and Champlain Place in Dieppe.
  • Most Lawtons will be open 12 p.m. to 5 p.m. 
  • Some Dollaramas will be open Monday, but you should use the company’s online locator to make sure the one nearest you is open.

Recreation

  • The Beaverbrook Art Gallery, which is normally open on Victoria Day, is closed because of COVID-19. The gallery has been closed to the public since March 17. 
  • The New Brunswick Museum in Saint John remains closed because of COVID-19.
  • Resurgo Place in Moncton is closed.

Let’s block ads! (Why?)



Source link

Business

Scotiabank's loan-loss provisions double on coronavirus risks – The Globe and Mail

Published

on


A Bank of Nova Scotia building stands in Toronto on Aug. 22, 2017.

Nathan Denette/The Canadian Press

Bank of Nova Scotia on Tuesday reported quarterly profit that beat analysts’ estimates due to a strong performance in the capital markets business, but the bank’s loan loss provisions jumped two-fold.

Provisions for loan losses at Scotia more than doubled to $1.85 billion from a year earlier as it set aside more money to meet future losses.

Canadian banks are expected to face loan defaults as the coronavirus pandemic drives the world into a recession, leaving small and medium-sized businesses scrambling to meet their debt payments.

Story continues below advertisement

The bank said commercial and corporate performing loan provisions increased by $275 million, hurt by the poor macroeconomic outlook and a plunge in oil prices that impacted the energy sector globally.

Adjusted net income at its global wealth management segment rose 3 per cent to $314 million, while profit at the global banking and markets business jumped 25 per cent to $523 million.

Canada’s third-biggest lender said net income fell to $1.24 billion, or $1 per share, in the quarter ended April 30, from $2.13 billion, or $1.73 per share, a year earlier.

On an adjusted basis, the lender earned $1.04 per share, compared with analysts’ estimate for profit of $0.98 per share, according to IBES data from Refinitiv.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Asian stocks rise, boosted by 're-opening optimism' – CNN

Published

on


Japan’s Nikkei 225 (N225) was among the biggest winners in Asia, climbing 2.6% after Prime Minister Shinzo Abe on Monday lifted the state of emergency for the entire nation and gave his support for a huge new stimulus package. Benchmark indexes in Shanghai (SHCOMP) and Taipei added 1%, while Australia’s ASX All Ordinaries added 2.8%
In Europe, Germany’s DAX (DAX) increased by 0.8% in early trading and France’s CAC 40 (CAC40) added 1.3%. The FTSE 100 (UKX) gained more than 2% in London. UK Prime Minister Boris Johnson on Monday announced plans to reopen all shops by the middle of June.
US stock futures also rose after Americans crowded onto packed beaches in Florida, Maryland, Georgia, Virginia and Indiana for the Memorial Day weekend. Many states have begun lifting restrictions on businesses and public spaces.
Dow futures were up 490 points, or around 2%. Futures for the S&P and Nasdaq added 1.9%.
There is a sense of “re-opening optimism” among investors, Stephen Innes, global market strategist at AxiCorp, wrote in a research note.
Oil prices, which have been slammed by the sharp drop in demand caused by the pandemic, jumped during Asian trading hours Tuesday. US crude futures were up 3.7% to trade at $34.46 per barrel. Brent crude, the international oil benchmark, rose 2.3% to $36.36 per barrel.

Hong Kong stocks

Hong Kong’s Hang Seng Index (HSI) advanced more than 2%, recovering some ground after investors were stunned by news last week that Beijing plans to implement a controversial national security law in the financial hub.
The Hang Seng had its worst day in nearly five years on Friday after Beijing said that it would effectively bypass Hong Kong’s legislature to enact the law.
China’s foreign ministry commissioner in Hong Kong, Xie Fang, moved to reassure rattled investors on Monday evening.
The legislation won’t affect freedoms of speech, press, publication and assembly, Xie said, according to state-run news agency Xinhua. Xie added that the controversial legislation will protect the operations of international businesses in Hong Kong.
The “clouds of dust in Hong Kong have settled quicker than anyone had expected. Local risk sentiment isn’t nearly as gnarly as everyone had feared,” said Innes.
Still, the move by Beijing is expected to fuel another round of clashes between pro-democracy protesters in Hong Kong and the city’s police force.
— CNN’s Laura He and Kaori Enjoji contributed to this report.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Stock market news live updates: Stock futures open higher, Dow futures gain 200+ points – Yahoo Canada Finance

Published

on


Stock futures jumped Monday evening, pacing toward advances Tuesday when traders return from the Memorial Day holiday weekend in the U.S. Contracts on each of the S&P 500, Dow and Nasdaq rose more than 1% shortly after futures began trading after 6 p.m. ET.

Overseas, equities in Asia also rose, though market participants continued to eye developments around Hong Kong after China announced a new national security law that would give it more control over Hong Kong, potentially stirring up further volatility in the region and further straining relations with the U.S., with whom Hong Kong holds special trade status.

Developments around the coronavirus outbreak still remained front and center for many market participants, though signs of improving consumer behavior in the U.S. after weeks of social distancing have recently started to take hold.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Transportation Security Administration (TSA) data showed the number of travelers passing through checkpoints north of 250,000 for each of Saturday and Sunday, which, while still well below the more than 2 million during the same days last year, was well above the just 87,534 travelers from mid-April. And data from the hospitality firm STR showed hotel occupancy increased to 32.4% for the most recently reported week ended May 16, up from 21.0% the period ended April 11.” data-reactid=”19″>Transportation Security Administration (TSA) data showed the number of travelers passing through checkpoints north of 250,000 for each of Saturday and Sunday, which, while still well below the more than 2 million during the same days last year, was well above the just 87,534 travelers from mid-April. And data from the hospitality firm STR showed hotel occupancy increased to 32.4% for the most recently reported week ended May 16, up from 21.0% the period ended April 11.

“In the wake of the easing lockdowns, the economy is beginning to pick itself up from the floor, though the monthly indicators will be grim for the next few weeks because of the lags in data collection and publication,” Ian Shepherdson, chief economist for Pantheon Macroeconomics, wrote in a note. And still, many economists are forecasting double-digit percentage declines in second-quarter gross domestic product on an annualized basis, given the economic weakness in April and much of May.

Overall, U.S. Covid-19 cases rose 1.3%, or less than the past week’s average, from Sunday to Monday, according to data from Bloomberg News and Johns Hopkins University. The death toll edged up by less than by less than 1% to just under 98,000.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Individual companies and institutions also announced new developments around potential coronavirus treatments and vaccines over the long weekend. Novavax (NVAX) said Monday it began human testing of its coronavirus vaccine candidate, and expects preliminary results around the trial in July.” data-reactid=”22″>Individual companies and institutions also announced new developments around potential coronavirus treatments and vaccines over the long weekend. Novavax (NVAX) said Monday it began human testing of its coronavirus vaccine candidate, and expects preliminary results around the trial in July.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Separately, the World Health Organization (WHO) decided to temporarily pause its trial testing hydroxycholoroquine as a coronavirus treatment due to safety concerns, WHO Director-General Tedros Adhanom Ghebreyesus said during a news briefing, while noting “other arms of the trial are continuing.” Recently, President Donald Trump has touted the anti-malarial drug, typically used to treat conditions like rheumatoid arthritis and lupus, as a safe and effective treatment for COVID-19, and said in a media interview Sunday he had finished taking a two-week course of hydroxychloroquine.” data-reactid=”23″>Separately, the World Health Organization (WHO) decided to temporarily pause its trial testing hydroxycholoroquine as a coronavirus treatment due to safety concerns, WHO Director-General Tedros Adhanom Ghebreyesus said during a news briefing, while noting “other arms of the trial are continuing.” Recently, President Donald Trump has touted the anti-malarial drug, typically used to treat conditions like rheumatoid arthritis and lupus, as a safe and effective treatment for COVID-19, and said in a media interview Sunday he had finished taking a two-week course of hydroxychloroquine.

6:01 p.m. ET Monday: Stock futures open higher

Here were the main moves at the start of the overnight session for U.S. equity futures, as of 6:01 p.m. ET:

  • S&P 500 futures (ES=F): 2,986.5, up 33.5 points (+1.13%)

  • Dow futures (YM=F): 24,692.00, up 268 points (+1.1%)

  • Nasdaq futures (NQ=F): 9,517.75, up 111.5 points (+1.19%)

A man holds the hands of two young girls wearing masks as they cross the street as residents of New York City adjust to living with the ongoing outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York U.S., May 20, 2020. REUTERS/Lucas Jackson
A man holds the hands of two young girls wearing masks as they cross the street as residents of New York City adjust to living with the ongoing outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York U.S., May 20, 2020. REUTERS/Lucas Jackson

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on&nbsp;Twitter,&nbsp;Facebook,&nbsp;Instagram,&nbsp;Flipboard,&nbsp;LinkedIn, and&nbsp;reddit.” data-reactid=”43″>Follow Yahoo Finance on TwitterFacebookInstagramFlipboardLinkedIn, and reddit.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Find live stock market quotes and the latest business and finance news” data-reactid=”44″>Find live stock market quotes and the latest business and finance news

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For tutorials and information on investing and trading stocks, check out Cashay” data-reactid=”45″>For tutorials and information on investing and trading stocks, check out Cashay

Let’s block ads! (Why?)



Source link

Continue Reading

Trending