Canada's biggest media market is temporarily closing cinema screens again amid a resurgent coronavirus outbreak.
records, Canada’s recently-imposed capacity and other cinema restrictions amid the Omicron variant surge have blunted key Christmas season ticket sales for local exhibitors like Cineplex. In 2020, Canadian cinema chains shut down their theaters as the novel coronavirus pandemic took hold, and then reopened their circuits as government-imposed lockdowns eased and Hollywood tentpoles once again hit the local multiplex in mid-2021.
The announcement of the latest cinema closures in Quebec and Ontario follows provincial health advisors recommending tightened restrictions forhot spots, which includes Toronto and Montreal, where the number of virus cases is surging. The Ontario government is looking to stem a post-holiday surge in omicron variant infections to keep hospitals from being overwhelmed and schools able to reopen in mid-January. Investors shrugged off the latest theater closures for Cineplex as shares in the movie chain rose by 12 cents, or nearly 1 percent, to $13.61 on Wednesday.
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