adplus-dvertising
Connect with us

Health

Upcoming federal budget to boost risk adjustment as safety net for coronavirus uncertainty – iPolitics.ca

Published

 on


The federal government’s upcoming budget will grow the risk adjustment to account for potential economic unpredictability caused by the spreading coronavirus outbreak, Finance Minister Bill Morneau said on Friday.

“We know that in the face of rising uncertainty, Canadian businesses — just like workers and families — are feeling the impacts. Although things are changing quickly, it’s clear that the COVID-19 outbreak is going to impact the real economy, and markets,” Morneau said in a breakfast time speech to the Canadian Club of Toronto.

The speech comes just weeks ahead of the Liberal government’s fiscal plan for next year, though the tabling date has yet to be announced. Morneau’s hints at government plans to deal with potential fiscal fallout of the increasingly worrisome COVID-19 disease comes as markets have reeled — and within the same week that Canada’s central bank slashed its key interest rate in an effort to restore confidence in the economy.

READ MORE: Ontario party leaders push for coronavirus contingencies in upcoming PC budget

The last time the Bank of Canada reduced its key interest rate by a half percentage point, as it did on Wednesday, was during the global recession. Over the last two weeks, the stock market has suffered a dramatic slide with last week’s losses representing the worst for U.S. stocks since 2009. Future rate cuts may also be in order if the Canadian economy continues to slide, the Bank of Canada said.

By increasing the risk adjustment – the lone specific budget measure Morneau revealed – the finance minister says Canada will be “ready and able to respond” to the unpredictable spread of the coronavirus.

OPINION: Systemic social issues reflected in coronavirus outbreak

The 2019 budget contained a risk adjustment of $3 billion. The risk adjustment is essentially a sum of money allocated by the government to be used to respond to unforeseen shocks.

“It’s important to keep in mind that what (COVID-19) will mean for the Canadian economy ultimately depends on the depth and geographical spread of the virus. And these things cannot be known, until they are known,” Morneau said.

Without providing other details, the finance minister also said that the federal government would soon announce “support” for Canadians who have been quarantined under the possibility that they may have contracted the coronavirus. Morneau said he’ll continue to monitor the impact of the disease on both businesses and workers, and promised that the government has the “tools” to respond quickly if needed.

READ MORE: Morneau likely to turn on fiscal taps to respond to COVID-19 economic woes, experts say

Experts iPolitics spoke to Thursday offered a range of other fiscal measures the government could use to respond to economic shock, in the case of a worsened outbreak.

Brett House, vice-president and deputy chief economist at Scotiabank, suggested that stimulus measures like extended or expanded access to employment insurance for individuals, sectors and regions – which could include targeted loans, grants or other forms of financial support – could be an option.

Elliot Hughes, a senior adviser at Summa Strategies who previously worked as a policy advisor for Morneau’s office, said he expects the budget to include immediate measures to address the outbreak, as well as “language to allow for future actions if needed.”

READ MORE: More cuts to key rate could come, Bank of Canada says, as virus outbreak sags economy

– With files from Jolson Lim

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Health

How many Nova Scotians are on the doctor wait-list? Number hit 160,000 in June

Published

 on

 

HALIFAX – The Nova Scotia government says it could be months before it reveals how many people are on the wait-list for a family doctor.

The head of the province’s health authority told reporters Wednesday that the government won’t release updated data until the 160,000 people who were on the wait-list in June are contacted to verify whether they still need primary care.

Karen Oldfield said Nova Scotia Health is working on validating the primary care wait-list data before posting new numbers, and that work may take a matter of months. The most recent public wait-list figures are from June 1, when 160,234 people, or about 16 per cent of the population, were on it.

“It’s going to take time to make 160,000 calls,” Oldfield said. “We are not talking weeks, we are talking months.”

The interim CEO and president of Nova Scotia Health said people on the list are being asked where they live, whether they still need a family doctor, and to give an update on their health.

A spokesperson with the province’s Health Department says the government and its health authority are “working hard” to turn the wait-list registry into a useful tool, adding that the data will be shared once it is validated.

Nova Scotia’s NDP are calling on Premier Tim Houston to immediately release statistics on how many people are looking for a family doctor. On Tuesday, the NDP introduced a bill that would require the health minister to make the number public every month.

“It is unacceptable for the list to be more than three months out of date,” NDP Leader Claudia Chender said Tuesday.

Chender said releasing this data regularly is vital so Nova Scotians can track the government’s progress on its main 2021 campaign promise: fixing health care.

The number of people in need of a family doctor has more than doubled between the 2021 summer election campaign and June 2024. Since September 2021 about 300 doctors have been added to the provincial health system, the Health Department said.

“We’ll know if Tim Houston is keeping his 2021 election promise to fix health care when Nova Scotians are attached to primary care,” Chender said.

This report by The Canadian Press was first published Sept. 11, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Health

Newfoundland and Labrador monitoring rise in whooping cough cases: medical officer

Published

 on

 

ST. JOHN’S, N.L. – Newfoundland and Labrador‘s chief medical officer is monitoring the rise of whooping cough infections across the province as cases of the highly contagious disease continue to grow across Canada.

Dr. Janice Fitzgerald says that so far this year, the province has recorded 230 confirmed cases of the vaccine-preventable respiratory tract infection, also known as pertussis.

Late last month, Quebec reported more than 11,000 cases during the same time period, while Ontario counted 470 cases, well above the five-year average of 98. In Quebec, the majority of patients are between the ages of 10 and 14.

Meanwhile, New Brunswick has declared a whooping cough outbreak across the province. A total of 141 cases were reported by last month, exceeding the five-year average of 34.

The disease can lead to severe complications among vulnerable populations including infants, who are at the highest risk of suffering from complications like pneumonia and seizures. Symptoms may start with a runny nose, mild fever and cough, then progress to severe coughing accompanied by a distinctive “whooping” sound during inhalation.

“The public, especially pregnant people and those in close contact with infants, are encouraged to be aware of symptoms related to pertussis and to ensure vaccinations are up to date,” Newfoundland and Labrador’s Health Department said in a statement.

Whooping cough can be treated with antibiotics, but vaccination is the most effective way to control the spread of the disease. As a result, the province has expanded immunization efforts this school year. While booster doses are already offered in Grade 9, the vaccine is now being offered to Grade 8 students as well.

Public health officials say whooping cough is a cyclical disease that increases every two to five or six years.

Meanwhile, New Brunswick’s acting chief medical officer of health expects the current case count to get worse before tapering off.

A rise in whooping cough cases has also been reported in the United States and elsewhere. The Pan American Health Organization issued an alert in July encouraging countries to ramp up their surveillance and vaccination coverage.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Health

Bizarre Sunlight Loophole Melts Belly Fat Fast!

Published

 on

Product Name: Bizarre Sunlight Loophole Melts Belly Fat Fast!

Click here to get Bizarre Sunlight Loophole Melts Belly Fat Fast! at discounted price while it’s still available…

 

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.

Bizarre Sunlight Loophole Melts Belly Fat Fast! is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.

(more…)

Continue Reading

Trending