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Economy

Letters May 15: Doctors at work; rebuilding the economy – Times Colonist

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Thankful that they chose Canada

Re: “Brothers in ER living out the extremes of pandemic,” May 10.

What a beautifully written story in Sunday’s paper of emergency room doctors Omar and Danish Ahmad and their inspiring family. I thank their parents for choosing to immigrate to Canada many years ago.

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How fortunate for us Omar is in Victoria.

I enjoyed reading the profiles of the other hospital workers just down the street at Royal Jubilee Hospital as well. In appreciation of them and all essential workers, every evening at 7 p.m. I join my more musically talented neighbours on Lee Avenue who drum, play the saxophone and beat rhythms on saucepans by enthusiastically hitting my large gong!

Expressing gratitude connects us.

Barbara Hansen
Victoria

Rebuilding the post-COVID economy

Can our provincial government hear the voices of healthy people who care? I’m hoping that Premier John Horgan will honour us — and honour his stated economic recovery plan — by investing in COVID-19 recovery projects that bring us into truly full recovery.

Such projects should involve accessing healthy food and affordable housing, developing environmentally wise energy sources and providing education for meaningful, well-paid jobs in all B.C. communities.

Putting B.C.’s citizens first — instead of succumbing to the pressures of rich corporate executives with their outside-B.C. sources — would be so refreshing and important.

Let’s define “strength” in a healthy manner.

Please care for each other with compassion — by growing a strongly green, long-term vision that includes each and every one of us equally.

Our children and grandchildren deserve to know that we care that they have a healthy future!

Robin Roberts
Victoria

Consider the full impact of the shutdown

I have watched the daily briefings, with Dr. Bonnie Henry giving us an update on the number of new COVID-19 cases and related deaths.

I also have noted that the total number of COVID-19 related deaths in B.C. since the beginning of the pandemic are less than the number of similar deaths in Quebec in one day, yet Quebec has opened up a large part of its economy and Henry is keeping B.C. shut pretty tight.

Does she not know there are two sides to the COVID-19 equation?

On one side there are the COVID-19 related deaths and on the other side there are the increased deaths from suicides, drug overdoses and the lack of medical care (e.g. no elective surgeries).

There is also on this “other side” the greatly increased number of domestic violence cases, increases in crime, increased number of divorces and the increase in mental illness as well as the financial devastation done to individuals and governments.

I doubt if I have listed all the negatives on the “other side” of the equation.

It is long past time that Henry looked at all sides of the equation and not just focused on one. Open up the economy, Dr. Henry! I’m 80 years old and I will take my chances!

Al Skiber
Parksville

Laundering money has been made easy

Re: “To clean cash, use a little soap and water,” May 13.

I know COVID-19 has caused many changes, but I think the limit has been reached when the Bank of Canada gives advice on how to launder money.

Ian Cameron
Brentwood Bay

Little book libraries can house many things

May I suggest during this time of pandemic that those beautiful little book libraries be filled with non-perishables so needed at this time. Books are great but not so nourishing when you are hungry.

So for now, how about taking those books out and putting in soup, Kraft dinner, batteries, diapers etc.

Annie Klein
Victoria

Remembering the sense of freedom

As I sit watching my houseplants grow, I feel I’ve been imprisoned for a crime I didn’t commit.

The restrictions imposed on us as a result of the pandemic made me suddenly realize how good we had it prior to COVID-19. The freedom to go almost anywhere, any time, for any purpose and with any person without the fear of infection was wonderful.

The future of Canada and of the world is uncertain. It’s scary. We can only hope that world leaders will prioritize the well-being of our planet and its inhabitants when making the tough decisions to come.

Cheera J. Crow
Victoria

Free transit, free lunches and a make-work study

Re: “Victoria councillors want plan that keeps some COVID-19 measures, such as free transit,” May 14.

This rump of councillors wants to keep free transit paid for by taxpayers, but don’t dare touch their free lunch.

Given that half this cabal doesn’t live in Victoria with the rest of the taxpayers, they need the free buses to get into the city to get their payola. They’ll keep the multi-million dollar tree canopy make-work study and many of the other scams with no reference to the property owners.

Then there will be the millions in advertising across Canada to lure people here for free housing, food and transport so they can vote for them.

Patrick Murphy
Victoria

The kind of doctor we all want

Dr. Bonnie Henry —how fortunate we have been to have this calm and compassionate public servant in our health care crisis.

Is she taking new patients?

Peter Forans
Songhees
Victoria

Send us your letters

• Email: letters@timescolonist.com

• Mail: Letters to the editor, Times Colonist, 2621 Douglas St., Victoria, B.C. V8T 4M2.

Letters should be no longer than 250 words and may be edited for length, legality or clarity. Include your full name, address and telephone number. Avoid sending letters as an email attachment. Copyright of letters or other material accepted for publication remains with the author, but the publisher and its licensees may freely reproduce them in print, electronic and other forms.

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Business

A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

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