THE POWER OF STAYING INVESTED (Jonathan Durocher, NBF Wealth Management)
COVID-19 – REOPENING STRATEGY – POSSIBLE PATH FOR OTHER PROVINCES
- For economies to re-open, we will need to feel comfortable and safe.
- Saskatchewan became the first province to announce a reopening plan comprised of 5 phases with physical distancing and screening measures in place:
Phase 1:
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- May 4: Medical services including dentists, optometrists, physiotherapists, chiropractors, occupational therapy, boating and fishing can open
- May 15: if cases remain low, golf courses reopen with restrictions
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Phase 2 (if cases remain low):
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- May 29: non-essential retail stores, hairdressers, massage therapists, acupuncturists and acupressurists reopen
- June 1: online campground reservations reopen
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Phase 3 (if cases remain low, date to be determined):
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- Aestheticians (manicure, pedicure etc), piercing, tattoos
- Restaurants at 50% capacity and licensed establishments
- Gyms
- Child-care centres
- Limits on public gatherings increase to 15
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Phase 4 (if cases remain low, date to be determined):
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- Casinos, bingo halls, curling rinks, swimming pools, municipal parks and playgrounds, movie theaters, museums etc.
- Seasonal programming ie: camps, athletic activities
- Limits on public gatherings increase to 30
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Phase 5 (if cases remain low, date to be determined):
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- Will include lifting of long-term restrictions
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- In the USA, Georgia will reopen their economy on next week.
LOCKDOWN IMPACTS ON ENERGY CONSUMPTION
- New York electricity use has fallen as much as 18%.
- Coffee machines around the world go on later each day.
- Morning electricity use in Singapore is down about 10%.
- Power use dips between 2pm and 5pm as people go out for a walk. Pre-lockdown, it went up.
- Evening power use is up, with increased internet usage and more tv watching.
- We are going to bed later; demand now drops off between 10pm and midnight.