By MarketsFarm
WINNIPEG, March 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– There will very likely be a second wave of COVID-19 cases when social distancing measures are lifted, Dr. Isaac Bogoch of the Toronto General Hospital Research Institute told the CBC. Bogoch acknowledged social distancing measures can’t remain indefinitely, but stated the number of cases will increase when life begins to return to normal. Canada’s Chief Public Health Officer, Dr. Theresa Tam, echoed Bogoch’s sentiment. “This virus is going to be with us for some time. It will not be eradicated from the world in months. We will need to be prepared for another wave, potentially,” she said.
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– In Texas, the state’s Lieutenant-Governor, Dan Patrick, told CNN on Monday that he’s “all in” for the lifting of social distancing measures. His comments come after the Centers for Disease Control recommended no gatherings 50 or more people for eight weeks. Patrick echoed a growing sentiment within the Republican Party, which includes United States President Donald Trump. “This is not a country that was built for this. It was not built to be shut down,” Trump said Monday evening during a White House briefing.
– South Africa will be locked down for 21 days starting on March 26, said President Cyril Ramaphosa late Monday. The lock down is meant to help stop the spread of COVID-19. The exceptions being pharmacies, laboratories, health care providers, supermarkets, gas stations, banks and the Johannesburg Stock Exchange. In the last week the number of COVID-19 cases in South Africa jumped from 62 to 554.
