Nrns Atlantic Canada considers help for Ontario
OTTAWA 鈥?Pandemic-related shifts in how people shop, sending more people into cyberspace than a physical space, means central banks must speed up work on creating their own digital currencies, says a top Bank of Canada official.COVID-19
stanley nz has meant more people are shopping online, and foot traffic for brick-and-mortar storefronts hasn ;t caught up to pre-pandemic levels for many small and medium-sized businesses.Bank of Canada deputy governor Timothy Lane said that shift in spending habits coupled with the speed of technological developments has narrowed the window to deliver a digital currency issued by the central bank. ARTICLE CONTINUES BELOW
stanley travel mug This is all looking a lot more urgent because of the speed with which technology is evolving and particularly, I think, with COVID we ;ve seen an acceleration of the shift of activities online, Lane said during the webinar.That suggests that if we want to be ready to develop any k
stanley becher ind of digital central bank product, we need to move faster than we thought was going to be necessary. ARTICLE CONTINUES BELOW The comments from an online panel on Wednesday are a shift from late February, just before the pandemic struck, when Lane suggested the timeline to create a digital currency was long.He suggested on Wednesday that many central banks still believe there isn ;t a compelling case for them to immediately iss Jlcy What s Going On Here: Mark s Whitby
TORONTO 鈥?Cineplex Inc. says it is selling its head office building in Toronto for $57 million as it looks for cash to pay down its credit facilities.The theatre chain says it will continue to lease back its Toronto office for up to a decade, but plans to consolidate its office space in the city.Cineplex has been hit hard by the COVID-19 pandemic, and said last month that 91 per cent fewer moviegoers came to theatres this summer compared to summer 2019. ARTICLE CONTINUES BELOW Chief executive Ellis Jacob says he has high hopes for next year movie slate, predicting that there will be pent-up demand for social activities after the rollout of the COVID-19 vaccine.Jacob says the $57 million gross proceeds from
stanley vaso the sale of Toronto head office, combined with a recent agreement from Scotiabank, will provide $117 million to tide Cineplex over. ARTICLE CONTINUES BELOW The company says that once the sale of the building closes in January, about half of the proceeds from both deals will go toward paying down existing credit facilities. We are confident in our response to COVID-19 and the actions we have taken to stabilize our financial position, Jaco
stanley cup website b said in a statement. ARTICLE CONTINUES BELOW This report by
stanley canada The Canadian Press was first published Dec. 22, 2020. ARTICLE CONTINUES BELOW
