Tag: 上海水磨q群

David Olive: Stock surges and setbacks for the week ending Nov. 20

Winners

Enthusiast Gaming Holdings Inc. (EGLX.TO) $2.87+53.5%

Investors have been slow to warm to stock in Enthusiast Gaming, which operates the largest online network of gaming sites in North America. The stock was flat this year until news that Joe Biden was making use of the Toronto company’s nearly 1,000 YouTube channels and other gaming platforms to reach Gen X and Millennial voters in his U.S. presidential campaign. The stock made further gains this week as Enthusiast expanded its advertising clientele to include consumer-products giants Gillette and the Popeyes fast-food chain.

Canada Goose Holdings Inc. (GOOS.TO) $45.54+1.4%

In the midst of a global pandemic, Canada Goose has held up remarkably well. Earlier this month, the firm reported sales and profits that widely outperformed gloomy analysts’ forecasts. Credit the firm’s increased online prowess, which has helped offset sales declines in traditional stores. Canada Goose also benefits from its sizable presence in Mainland China, the first major economy to fully reopen after gaining control of the pandemic. But the firm warns that European and North American sales will remain weak due to rising pandemic cases in those regions.

Cineplex Inc. (CGX.TO) $8.94+22.8%

The thriller now playing at Cineplex theatres is a survival saga that investors have lately taken an interest in. True, in its latest quarter, Cineplex reported a 91 per cent drop in attendance and an 85 per cent plunge in revenues from the same quarter in 2019, and recorded a $121.2 million loss. But the Toronto firm, Canada’s biggest cinema operator, also recently won temporary relief from financial covenants on $460 million in credit facilities. And it was able to raise $303 million in new financing — an act of faith by lenders that the post-pandemic era will see a robust recovery in theatregoing.

Losers

Jamieson Wellness Inc. (JWEL.TO) $34.90-8.5%

Jamieson has been one of the pandemic winners. The stock has more than tripled in value over the past three years, with much of that gain this year. The leading maker of vitamins, minerals and nutritional supplements, based in Toronto, has benefited from the long-term wellness movement. The pandemic further increased demand for supplements that boost immune systems. But as all stock-market darlings do, Jamieson finally reached the point of overvaluation, trading at a pricey 48 times earnings by September. A correction was due. But the underlying fundamentals, including Jamieson’s successful international expansion, remain intact.

Barrick Gold Corporation (ABX.TO) $31.75-5.8%

Barrick investors have been riding a roller coaster this year. Gold went on a tear, hitting a record price of $2,050 (U.S.) in August. But the gold price has since slumped as perceived geopolitical risk — the main reason people buy gold — has receded. Barrick has reported an impressive profit of $3.0 billion (U.S.) year-to-date. But the pandemic and local political disputes have intermittently closed two of Barrick’s biggest mines. And at least some investors were put off the stock when, earlier this month, Warren Buffett revealed that he had dumped about 40 per cent of his Barrick stake, so keen to do so that he took a loss on the shares.

Metro Inc. (MRU.TO) $60.68-1.9%

Metro, one of Canada’s top three grocery chains, is among the pandemic economy’s winners. Some investors who anticipated the strong 11.4 per cent increase in fourth-quarter profit that Metro reported this week took their winnings off the table. But Metro’s growth prospects remain intact. Building on a 160 per cent surge in online sales in the latest quarter, Metro is accelerating growth its online-pickup capacity, and upgrading its online pharmacy operations to counter Amazon’s recent move into prescription drugs. Metro is also expanding the variety of its prepared-meal offerings, catering to the growing “grocerant” trend of selling restaurant-like meals.

David Olive is a Toronto-based business columnist for the Star. Follow him on Twitter:

‘My heart went out to them’: Students send messages of hope to seniors at Simcoe Manor in Beeton

Catholic school board trustee Janice Hutchison’s heart broke when she heard seniors at Simcoe Manor were back in isolation after a COVID-19 outbreak this month.

“Reading all of the reports and news articles and seeing our seniors — who are near and dear to our hearts — were quarantined to their rooms, my heart went out to them,” she said. “I thought how upsetting it must be that they aren’t even allowed to sit at a table and have a meal with somebody else.”

As a former volunteer at Simcoe Manor and a trustee, Hutchison came up with a solution.

“I have a school. All I did is sent a simple email to our principal, and she jumped all over it.”

Within days, students from all grades at Monsignor JE Ronan Catholic School in Beeton created a package of hundreds of cards and letters, with special messages to staff and seniors at Simcoe Manor.

“I didn’t expect that — it was jam-packed.”

The cards were stuffed into a large envelope and delivered to the residence, to be quarantined before being handed out to staff and residents.

Hutchison didn’t even peek inside to see the artwork.

“I didn’t want to compromise them.”

Midland businesses benefitting from shop local campaigns

Businesses in downtown Midland are being kept afloat thanks to a community effort to encourage more residents to shop local this holiday season.

“We are seeing a lot of people that we’ve never seen before,” said Sarah Kenney, co-owner of Georgian Bay Books at 247 King St. “People are really making an effort to shop local.”

Sales at Georgian Bay Books have been steady since September and are now on par with last year. This comes as a welcome surprise for Kenney and co-owner Sandy Dunsford, who struggled through the spring and summer.

“It was a rough summer,” said Kenney. “But sales have been back up to normal from September through to December. Which is great. Christmas is always a busy time for book stores.”

The impact of the COVID-19 pandemic and King Street reconstruction project dramatically affected sales for many businesses. 

and other businesses in downtown Midland, are relying on this holiday season more than ever before. Because of this, a variety of local organizations are encouraging residents to shop local in hopes of keeping more money in the community.

The has spent the last eight months pushing the shop local message.

“Small business owners pay taxes, they employ local people, and they most likely try and support local as well,” said Cathy Tait, executive director of the chamber. “Local business owners are also the ones giving back to non-for-profit organizations and sports clubs. So, when you support these businesses, you are supporting our community.”

For every $100 spent at a small business, roughly $68 stays in the community, according to Tait. For every $100 spent at a local franchise operation, $48.95 stays in the community.

“These operations are run by real people. They are our neighbours, our friends or our family. They really do have a vested interest in the business,” said Tait. “They keep our communities authentic and interesting by offering products and services that wouldn’t normally be available in big-box stores.”

One of these unique small businesses is , which carries Canadian-made clothing. Owner Nancy Spiker regularly gives back to the community, helping non-profit organizations.

This holiday season, Spiker is inviting a number of different local artists to her store and giving them space to sell their work. 

“There is definitely some cross-promotion. I think it works well for both parties,” said Spiker. “It gives the artist a very accessible public space to show their work.”

Sales at A Passion for Fashion have improved over the last few months. According to Spiker, sales in November were on par with last year. She credits that to a noticeable effort people are making to shop local.

“It’s important to shop local,” said Spiker. “Then money circulates within our community. If we continue helping out one another, we all have a great chance of thriving and surviving this pandemic.”

STORY BEHIND THE STORY: Reporter Andrew Mendler decided to talk to businesses in downtown Midland about the importance of shopping local.

Toronto’s curb-lane patios on the Danforth and elsewhere must soon be packed up

The curbside patios and bicycle-lane bump-outs along Danforth Ave. that drew widespread acclaim this summer are about to be packed up.

The city’s Planning and Housing Committee voted Tuesday to extend patio season in Toronto until May 2021, with the exception of patios that were set up in curb lanes.

Those must be closed in the next few weeks, to allow winter road clearance to swing into action as soon as the snow begins to fly.

“As much as we would love to leave the patios in the curb lanes, all of those patios will come out,” said Mayor John Tory, at a press conference Tuesday morning. “We have to plow the roads when it starts to snow.”

All curb locations for CafeTO, including those on Danforth Ave., must be removed before Nov. 15, according to the city. All ActiveTO cycling network locations, including the Danforth, are scheduled to remain in place until the fall of 2021.

When curb-lane patios along Danforth Ave. are removed, the bike lanes will be realigned to the curb to match the rest of the cycling corridor. Parking and loading opportunities that were temporarily removed to provide patio space will be reinstated.

Restaurant owners were doubtful Tuesday that extending the patio program will provide a significant source of revenue during the coldest months of the year, adding to the financial problems has already created for them.

“They’re not really giving us anything unless we have some miracle Indian summer and it’s 25 degrees in the first week in November or December,” said George Markakos, who owns Factory Girl on the Danforth. “Then it would be wow — we’re still open — but that’s very unlikely.”

He was able to take advantage of the patio program this summer that gave restaurants more latitude when it comes to setting up tables in curb lanes, sidewalks and parking lots, by setting up an additional 50 tables outside, including in the curb lane. He’s grateful for that; without it, he would be much worse off financially today.

But he wouldn’t have continued operating in the curb lane even if the city would have permitted it.

He doesn’t think extending the patio season in a city with a cold winter climate is likely to bring in extra business, even if he were would be able to put out heaters — and moving heaters inside at the end of the day just isn’t practical, because they’re so large and heavy.

“This is Canada. Outdoor dining in below-zero weather is just not an option,” said Markakos, who has run as many as three restaurants at a time in Toronto and was hoping to retire before the pandemic hit and his business began operating at a loss.

Restaurateur David Currie of Le Paradis, said while being able to expand his patio during the summer was helpful, he’s not sure keeping it open in winter will be practical. Most of the food, unless he served just piping hot soups and stews, would be cold by the time it got to the table. All it would take would be a cold wind to make an outdoor patio inhospitable in winter, even with heaters.

“It’s hard to make a business plan out of this,” he said.

In the end, he said, it will depend on what kind of enclosures will be allowed and how much they will cost — Tory even raised the possibility of permitting bubble enclosures, but details of what will be permitted have not been finalized.

The matter is likely to be discussed in the context of the city’s recovery plan Wednesday at executive committee. The recommendations approved Tuesday, including looking at options for providing shelter on winter patios, will be considered by city council on Oct. 27.

James Rilett, a spokesperson for Restaurants Canada, said restaurants need capital to invest in winter patios and after months of reduced business due to restrictions brought on by the pandemic, they don’t have any capital reserves left.

“We’re almost eight months into this now, and some restaurants have accrued so much debt it will be hard to invest in something that they’re not sure if it’s going to work out or not,” he said. “There is a feeling of hesitancy.”

Tony Elenis, chief executive of the Ontario Restaurant Hotel and Motel Association, said efforts to extend outdoor dining are better aimed at making indoor dining safe.

“Extending the patio season is welcomed — it has a good intent,” said Elenis, whose association represents operators about 11,000 Ontario hospitality businesses. But to do it well, it would end up resembling an indoor space, which would be subjected to the same restrictions on dining in that restaurants are currently facing.

“The focus should be to work in making the indoor room safer and increasing consumer confidence,” he said.

He added that a safety accreditation program for restaurant and bar staff and improving the federal COVID Alert app would help.

With files from David Rider

Francine Kopun is a Toronto-based reporter covering city hall and municipal politics for the Star. Follow her on Twitter:

Impeachment, scandals and COVID-19: A look at Biden and Trump’s polling since January

WASHINGTON—Thehas seen more strange events, upheaval, deaths, and conflicts in the streets than any in recent memory. Against a backdrop of overlapping crises that shaped the election campaign, and a series of revelations that would have been campaign-defining scandals in most election cycles, one thing has remained remarkably constant: Democratic challenger has held a lead over Republican incumbent . (The polling averages cited are from the Real Clear Politics general election poll tracker.)