April 11 – MacMillan Estate Planning

U.K. Prime Minister Boris Johnson Taken to Intensive Care Unit

U.K. Prime Minister Boris Johnson’s condition has worsened and he has been moved to the intensive care unit, Bloomberg News reports.

Developing…

U.K. Prime Minister Boris Johnson Taken to Intensive Care Unit

U.K. Prime Minister Boris Johnson’s condition has worsened and he has been moved to the intensive care unit, Bloomberg News reports.

Developing…

Oil Settles Sharply Lower After Recent Hefty Gains

Crude oil prices drifted lower on Monday, after moving up in the previous two sessions, following the meeting of leading oil producers getting postponed by three days.

West Texas Intermediate crude oil futures for June ended down $2.26, or about 8%, at $26.08 a barrel.

Brent crude futures shed more than 3% to settle at $33.05 a barrel.

On Friday, WTI crude oil futures ended up $3.02, or about 12%, at $28.34 a barrel, after surging up almost 25%, a session earlier.

Oil futures gained as much as 32% last week.

The scheduled meeting between the Organization of the Petroleum Exporting Countries (OPEC) and its allies that was supposed to take place today, has now been postponed to Thursday. The meeting was convened to discuss production cuts.

Oil prices had shot up late last week following the announcement about the meeting as traders felt the meet would result in top crude producers agreeing on deep production cuts to stabilize oil prices, which have plummeted to dismal levels.

It is expected that the meeting will bring about a truce in the brutal price war between Saudi Arabia and Russia.

The two countries have been locked in an epic price war since early March after Russia rejected the 1.5 million barrels per day cut that Saudi Arabia had proposed in a bid to prop up falling oil prices.

According to a Reuters report, the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh were “very close” to an oil deal, as Russia reportedly said it was ready to reduce output.

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Canadian RV rental service helping health-care workers with self-isolation efforts

RVezy, a peer-to-peer RV renting service, has launched an initiative to help out frontline health-care workers, first responders and those looking to self-isolate during the COVID-19 pandemic.

4 new coronavirus cases reported in Saskatchewan, total rises to 253

Saskatchewan reported four new novel coronavirus cases on Monday, bringing the total to 253 since the first case in the province was reported on March 11.

It is the fewest new cases reported in a 24-hour period in the province since March 18, when four COVID-19 cases were reported.

As cannabis stores close, some must line up at the post office for weed instead. Is that better?

After Ontario changed course last week and ordered the province’s cannabis stores to close in response to the novel coronavirus, lines at stores visibly lengthened as customers stocked up.

Pound to US Dollar latest: Sterling plummets after Boris Johnson moved to intensive care

The Prime Minister has been suffering with coronavirus for eleven days now and was admitted to hospital on Sunday night. This evening Downing Street confirmed Mr Johnson has been moved to an intensive care unit.  The markets have responded to the announcement with the value of the pound plummeting against the US dollar.

At 6.50pm the pound was valued at $1.23093 however it has since dropped to $1.1.22416.

A Number 10 spokesman said: “Since Sunday evening, the Prime Minister has been under the care of doctors at St Thomas’ Hospital, in London, after being admitted with persistent symptoms of coronavirus.

“Over the course of this afternoon, the condition of the Prime Minister has worsened and, on the advice of his medical team, he has been moved to the intensive care unit at the hospital.

“The PM has asked Foreign Secretary Dominic Raab, who is the First Secretary of State, to deputise for him where necessary.

“The PM is receiving excellent care, and thanks all NHS staff for their hard work and dedication.”

This is a developing news story, more to follow. 

Boris Johnson in intensive care: Downing Street statement in full

READ MORE

  • Coronavirus: What is a designated survivor? Why is it Dominic Raab?

It is currently understood that his pregnant girlfriend Carrie Symonds cannot be with him due to self isolation regulations, and she is also recovering from symptoms at home. 

April 11 – MacMillan Estate Planning

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Join MacMillan Estate Planning for their virtual seminar on April 23rd by call 403-266-6464 or visit macmillanestate.com