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Poll: Virginia voters say virus, not economy, most important – 570 News

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FALLS CHURCH, Va. — Enacting restrictions to prevent the spread of the coronavirus is more important than removing them to get the economy going, according to a majority of Virginia voters polled this month.

The poll conducted by Hampton University and The Associated Press-NORC Center for Public Affairs Research found that 62% think the biggest priority for their community is to prevent the coronavirus from spreading, even if it hurts the economy, while 35% said removing restrictions to help the economy, even if more people get the virus, is the bigger priority.

John Bordeaux, 61, of Lorton, is among those who said controlling the virus is a greater priority. He said he’s worried that younger people are willing to risk prolonged potential exposure at bars and other indoor gathering places, just because statistics show that older people are more vulnerable.

“I don’t think we know enough to make that assessment,” particularly when it comes to how the virus is transmitted, said Bordeaux, a policy researcher.

Paul Gilbert said he’d rather see restrictions removed, if he had to choose, but that those two opposing choices don’t really reflect his thinking. More than anything, he said, he just wants the choices to be guided by science rather than politics, wherever that leads.

“If we don’t get out of this thing, there’s not going to be an economy to worry about,” said Gilbert, 42, a disabled veteran from Suffolk.

Like other states, Virginia has debated the degree to which the economy and society should be open as the pandemic stretches on, and the coronavirus response has been a key issue in the presidential campaign. In Virginia, the politics of that debate have featured frequent barbs from President Donald Trump directed at Democratic Gov. Ralph Northam.

In April, during some of the strictest coronavirus restrictions, Trump tweeted “LIBERATE VIRGINIA,” an apparent reference to both gun control measures and COVID-19 restrictions. While both Trump and Northam, a physician, contracted the coronavirus, Trump has pushed for a “return to normal” and mocked the use of masks to prevent the virus’s spread, while Northam has advocated masks and other measures to keep the virus in check.

Perhaps unsurprisingly, then, respondents’ views on the coronavirus reflect a partisan divide. About 9 in 10 Democrats emphasized the importance of using restrictions to stop the virus from spreading. About 7 in 10 Republicans emphasized the importance of removing virus restrictions to help the economy.

The poll shows that between September and October, the standing of Northam and other Democrats improved somewhat. Northam’s favourability rating is now 49%, up slightly from 42% of those responding to a Hampton University/AP-NORC poll last month.

The Democratic presidential ticket of Joe Biden and Kamala Harris showed similar improvements. Biden’s favourability rating ticked up slightly, from 47% to 52%, while positive ratings of Harris increased somewhat from 42% to 50%.

Positive views of Trump, meanwhile, remained roughly the same: 39% say they have a favourable opinion of the president, similar to 37% last month.

The poll also shows a significant shift in voting plans, with more people saying they plan to cast their ballot in person before Election Day. Voters have seen long lines at early polling places across the state in recent weeks.

In September, 54% said they would vote in person on Election Day, and 13% said they planned to vote early in person. The October poll showed just 39% planning to vote on Election Day, with another 31% planning to vote early in person.

Roughly 3 in 10 Virginia voters in both polls indicated plans to vote by mail.

The poll shows a deep divide between Republicans and Democrats about how they plan to vote, which might influence how returns come in on election night.

About 8 in 10 Democrats say they’re voting in advance of the election, including about 4 in 10 by mail and about another 4 in 10 early in person. By contrast, about two-thirds of Republicans say they will vote in person on Election Day.

About two-thirds of those who say they plan to vote on Election Day cite concerns over the counting of mail-in ballots as a major factor. Those planning to vote early in person cite a mix of factors, including concerns about counting mail-in ballots, the coronavirus and long lines on Election Day.

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The AP-NORC/Hampton University poll of 887 registered voters in Virginia was conducted Oct. 6-12 by mail, with the option for respondents to take the survey online or by phone. The margin of sampling error for all respondents is plus or minus 4.6 percentage points.

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Online:

AP-NORC Center: http://www.apnorc.org/.

Matthew Barakat, The Associated Press

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Economy

Energy stocks help lift S&P/TSX composite, U.S. stock markets also up

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TORONTO – Canada’s main stock index was higher in late-morning trading, helped by strength in energy stocks, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 34.91 points at 23,736.98.

In New York, the Dow Jones industrial average was up 178.05 points at 41,800.13. The S&P 500 index was up 28.38 points at 5,661.47, while the Nasdaq composite was up 133.17 points at 17,725.30.

The Canadian dollar traded for 73.56 cents US compared with 73.57 cents US on Monday.

The November crude oil contract was up 68 cents at US$69.70 per barrel and the October natural gas contract was up three cents at US$2.40 per mmBTU.

The December gold contract was down US$7.80 at US$2,601.10 an ounce and the December copper contract was up a penny at US$4.28 a pound.

This report by The Canadian Press was first published Sept. 17, 2024.

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

The Canadian Press. All rights reserved.

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Economy

Canada’s inflation rate hits 2% target, reaches lowest level in more than three years

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OTTAWA – Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth.

The annual inflation rate fell from 2.5 per cent in July to reach the lowest level since February 2021.

Statistics Canada’s consumer price index report on Tuesday attributed the slowdown in part to lower gasoline prices.

Clothing and footwear prices also decreased on a month-over-month basis, marking the first decline in the month of August since 1971 as retailers offered larger discounts to entice shoppers amid slowing demand.

The Bank of Canada’s preferred core measures of inflation, which strip out volatility in prices, also edged down in August.

The marked slowdown in price growth last month was steeper than the 2.1 per cent annual increase forecasters were expecting ahead of Tuesday’s release and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada.

“Inflation remains unthreatening and the Bank of Canada should now focus on trying to stimulate the economy and halting the upward climb in the unemployment rate,” wrote CIBC senior economist Andrew Grantham.

Benjamin Reitzes, managing director of Canadian rates and macro strategist at BMO, said Tuesday’s figures “tilt the scales” slightly in favour of more aggressive cuts, though he noted the Bank of Canada will have one more inflation reading before its October rate announcement.

“If we get another big downside surprise, calls for a 50 basis-point cut will only grow louder,” wrote Reitzes in a client note.

The central bank began rapidly hiking interest rates in March 2022 in response to runaway inflation, which peaked at a whopping 8.1 per cent that summer.

The central bank increased its key lending rate to five per cent and held it at that level until June 2024, when it delivered its first rate cut in four years.

A combination of recovered global supply chains and high interest rates have helped cool price growth in Canada and around the world.

Bank of Canada governor Tiff Macklem recently signalled that the central bank is ready to increase the size of its interest rate cuts, if inflation or the economy slow by more than expected.

Its key lending rate currently stands at 4.25 per cent.

CIBC is forecasting the central bank will cut its key rate by two percentage points between now and the middle of next year.

The U.S. Federal Reserve is also expected on Wednesday to deliver its first interest rate cut in four years.

This report by The Canadian Press was first published Sept. 17, 2024.

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Economy

Federal money and sales taxes help pump up New Brunswick budget surplus

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FREDERICTON – New Brunswick‘s finance minister says the province recorded a surplus of $500.8 million for the fiscal year that ended in March.

Ernie Steeves says the amount — more than 10 times higher than the province’s original $40.3-million budget projection for the 2023-24 fiscal year — was largely the result of a strong economy and population growth.

The report of a big surplus comes as the province prepares for an election campaign, which will officially start on Thursday and end with a vote on Oct. 21.

Steeves says growth of the surplus was fed by revenue from the Harmonized Sales Tax and federal money, especially for health-care funding.

Progressive Conservative Premier Blaine Higgs has promised to reduce the HST by two percentage points to 13 per cent if the party is elected to govern next month.

Meanwhile, the province’s net debt, according to the audited consolidated financial statements, has dropped from $12.3 billion in 2022-23 to $11.8 billion in the most recent fiscal year.

Liberal critic René Legacy says having a stronger balance sheet does not eliminate issues in health care, housing and education.

This report by The Canadian Press was first published Sept. 16, 2024.

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