COVID-19 Monitor

Last Updated:October 15, 2020

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Real-time economic data shows Canada frozen in time (The Logic) Published on: April 15, 2020 | Category: Canadian Business, Economic Impact

To capture the state of Canada’s economy today, The Logic compiled real-time data that shows a country fundamentally transformed.
Toronto Pearson International Airport has seen a rapid decline in airplane departures, dropping 87 per cent between March 3 and April 13, from 597 departures in one day to 79.
In total, 9.64 million Canadians are now actively online during the workday, a 110 per cent increase from the typical 4.6 million pre COVID-19, according to Wi-Fi analytics firm Plume.

True Toll Of COVID-19 On U.S. Health Care Workers Unknown (Kaiser Health News) Published on: April 15, 2020 | Category: Global Response

Doctors, nurses, home health aides and hospital cleaners have lost their lives during the coronavirus outbreak.
The number of health care workers who have tested positive for the coronavirus is likely far higher than the reported tally of 9,200, and U.S. officials say they have no comprehensive way to count those who lose their lives trying to save others.
CDC officials said data provided by the states most closely tracking the occupations of people with the virus suggests that health care workers account for about 11% of COVID-19 infections.

Open Innovation in Medical Technology Will Save Lives (EFF) Published on: April 15, 2020 | Category: Global Response, Leadership

Experts from the world’s top engineering programs have come together to share knowledge about medical technology, hoping to make life-saving treatments more widely available.
Importantly, they’re ensuring that patents, copyrights, and other legal restrictions don’t get between that knowledge and the people who need it most.
All of this collaboration is enabled by open licensing such as Creative Commons and free or “libre” software licenses, which provide for the easy sharing and modification of the source material.
The Open COVID Pledge is a simple pledge an IP owner can take not to assert its patents or copyrights against a company or organization fighting COVID-19.

WHO issues guidelines for lifting COVID-19 restrictions. Is Canada ready? (CityNews) Published on: April 15, 2020 | Category: Global Response

Federal and provincial officials are starting to discuss how and when to start reopening schools and businesses but Prime Minister Justin Trudeau warned Tuesday the full-scale lockdowns most Canadians are living with right now will remain in place for at least several more weeks.
The World Health Organization is trying to inject some co-ordination into these decisions, releasing new guidelines Tuesday for what should be in place before easing restrictions.
The WHO guidelines outline six areas officials must consider if they are to look at resuming activities.

There’s Been a Spike in People Dying at Home in Several Cities. That Suggests Coronavirus Deaths Are Higher Than Reported. (Pro Publica) Published on: April 14, 2020 | Category: Economic Impact

Coronavirus death counts are based on positive tests and driven by hospital deaths.li>But data from major metropolitan areas shows a spike in at-home deaths, prompting one expert to say current numbers were just “the tip of the iceberg.”
As of Tuesday afternoon, the United States had logged more than 592,000 cases of COVID-19 and more than 24,000 deaths, the most in the world, according to the Center for Systems Science and Engineering at Johns Hopkins University.
The official COVID-19 death count may, at least for now, be missing fatalities that are occurring outside of hospitals, data and interviews show.
Some state officials told ProPublica it would take weeks to provide complete death numbers because of thin staffing or antiquated computer systems.

Is Zoom’s breakout moment with individuals creating additional revenue for the company? (Cardify) Published on: April 14, 2020 | Category: Canadian Business, Economic Impact

Over the past few months, few companies have received as much attention and scrutiny as Zoom.
While it’s still early, we’ve seen a sharp increase in Zoom subscriptions on personal (not corporate) credit and debit cards.
The increase coincides with statewide stay-at-home orders across the country, with every state exhibiting a nearly identical pattern.

Markets and economists are still too upbeat on coronavirus (FT) Published on: April 14, 2020 | Category: Economic Impact, Global Response

The gap between the relatively quick V-shaped recovery that some economists and many market participants predict, and grim coronavirus-driven realities on the ground has narrowed.
Economists initially — and over-optimistically — embraced the idea of a quick second-quarter recovery after a sharp contraction in the first quarter.
Big companies lack visibility on what lies ahead, and are suspending guidance on earnings — a phenomenon that will increase during the first-quarter reporting season.

The future is not what it used to be: Thoughts on the shape of the next normal (McKinsey) Published on: April 14, 2020 | Category: Economic Impact, Global Response, Leadership

For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the crisis has passed and things return to normal.
Even before COVID-19 hit, there were signs of unease, expressed in calls for protectionism and more restrictive immigration and visa policies.
McKinsey research on the 2008 financial crisis found that a small group of companies in each sector outperformed their peers.

Cities across Canada grapple with shortfalls in the hundreds of millions due to COVID-19 crisis (CityNews) Published on: April 13, 2020 | Category: Canadian Business

Major municipalities, including Vancouver, are projecting big losses this year, which poses a major problem as they can’t run deficits.
Raising revenues at a time like this doesn’t seem to be feasible so it may mean cutting expenditures. Of course, the alternative is for the provincial governments or perhaps the federal government to come in and help out during this crisis.
Calgary has reported losses of $15-million each week, with that city’s mayor saying there’s also been an increase in expenses to deal with the pandemic’s impacts.
Toronto is facing a financial hit of close to $65-million a week, the mayor of Canada’s most populous city saying a decrease in public transit as well as other revenues was to blame for the losses.

COVID-19: Briefing note, April 13, 2020 (McKinsey) Published on: April 13, 2020 | Category: Global Response, Leadership

In this note, we offer some of our latest insights on the COVID-19 pandemic, starting with a survey of the current epidemiology and the five dynamics leaders need to watch: the efficacy of the surge in critical care, the expansion of testing and other traditional approaches, the development of antibody testing, the unknown nature of immunity, and a wave of innovation that might produce treatments and vaccines.
The months ahead will probably be quite volatile and dynamic. It now appears likely that some places will experience a local resurgence as restrictions are lifted and economies reopen.
The threat of COVID-19 to lives and livelihoods will fully resolve only when enough people are immune to the disease to blunt transmission, either from a vaccine or direct exposure. Until then, governments that want to restart their economies must have public-health systems that are strong enough to detect and respond to cases.

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