NEWS RELEASE COVID-19/HEALTH/WELLNESS ************************* Today, Sept. 17, Nova Scotia is reporting 18 new cases of COVID-19 and 29 recoveries.
Twelve of the cases are in Central Zone. Ten are close contacts of previously reported cases. Two are under investigation.
There are signs of community spread among those in Central Zone aged 20 to 40 who are unvaccinated and participating in social activities.
Five of the cases are in Northern Zone. Four are close contacts of previously reported cases. One is related to travel.
There is a large cluster of linked cases in a defined, unvaccinated group in Northern Zone and more cases are expected.
One case is in Western Zone. It is related to travel.
There have been 4,609 cases from March 15 to Sept. 16, 2021. Of those:
— 99 (2.1 per cent) were fully vaccinated — 275 (6.0 per cent) were partially vaccinated — 4,235 (91.9 per cent) were unvaccinated
There were 260 people hospitalized. Of those:
— 3 (1.1 per cent) were fully vaccinated — 28 (10.8 per cent) were partially vaccinated — 229 (88.1 per cent) were unvaccinated
Twenty-eight people died. Of those:
— 1 (3.6 per cent) was fully vaccinated — 3 (10.7 per cent) were partially vaccinated — 24 (85.7 per cent) were unvaccinated
As of today, Nova Scotia has 162 active cases of COVID-19. Of those, six people are in hospital COVID-19 units.
There were 3,570 tests administered between Sept. 10 and Sept. 16 at the rapid-testing pop-up sites in Halifax and Dartmouth.
On Sept. 16, Nova Scotia Health Authority’s labs completed 3,849 tests.
As of Sept. 16, 1,480,851 doses of COVID-19 vaccine have been administered. Of those, 711,312 Nova Scotians have received their second dose.
Since April 1, there have been 4,570 positive COVID-19 cases and 28 deaths. Cases range in age from under 10 to over 90. There are 4,380 resolved cases. Cumulative cases may change as data is updated in Panorama.
The province is renewing the state of emergency to protect the health and safety of Nova Scotians and ensure safety measures and other important actions can continue. The order will take effect at noon, Sunday, Sept. 19, and extend to noon, Sunday, Oct. 3, unless government terminates or extends it
Testing advice:
Nova Scotians with or without symptoms can book a test at https://covid-self-assessment.novascotia.ca/en for primary assessment centres across the province. Those with no symptoms are encouraged to use one of the primary assessment centres with drop-in testing, pop-up sites or public health mobile units if they want to be tested.
Anyone with COVID-19 symptoms is advised to self-isolate and book a COVID-19 test.
Anyone advised by public health that they were a close contact needs to complete a full 14-day quarantine, regardless of test results, unless they are fully vaccinated. If they are fully vaccinated at least 14 days before the exposure date, they do not need to self-isolate as long as they are not experiencing any COVID-19 symptoms. They should still get tested and should monitor for symptoms up to 14 days after the exposure date. If symptoms develop, they should get tested and self-isolate until they receive a negative test result.
The Mental Health Provincial Crisis Line is available 24/7 to anyone experiencing a mental health or addictions crisis, or someone concerned about them, by calling 1-888-429-8167 (toll-free)
Anyone needing help with a non-crisis mental health or addiction concern can call Community Mental Health and Addictions at 1-855-922-1122 (toll-free) weekdays 8:30 a.m. to 4:30 p.m.
Kids Help Phone is available 24/7 by calling 1-800-668-6868 (toll-free)
For help or information about domestic violence 24/7, call 1-855-225-0220 (toll-free) *************************
TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.
Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.
Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).
SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.
The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.
WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.
SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.
SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.
SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.
Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.
“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.
“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”
Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.
On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.
These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.
If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.
However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.
He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.
“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.
Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.
The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.
Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.
Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.
Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.
Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”
In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.
“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.
This report by The Canadian Press was first published Nov. 12, 2024.
TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.
The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.
RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
This report by The Canadian Press was first published Nov. 12, 2024.
