adplus-dvertising
Connect with us

Business

Second promising COVID-19 vaccine candidate stirs hope as Canada surpasses 300k cases – CP24 Toronto's Breaking News

Published

 on


Paola Loriggio, The Associated Press


Published Monday, November 16, 2020 11:00PM EST

News of another promising COVID-19 vaccine candidate stirred hope Monday as Canada’s case count surpassed the 300,000 mark, with the two hardest-hit provinces continuing to report more than 1,000 daily new infections and a sudden spike in Nunavut triggering a two-week lockdown.

Moderna’s announcement that its COVID-19 vaccine appears to be 94.5 per cent effective, according to preliminary data, comes a week after a similar announcement from Pfizer.

Both American companies are among those that have signed agreements with Canada, and have asked Health Canada to review their products.

Federal Health Minister Patty Hajdu said Monday the news from Moderna amounts to “a light at the end of the tunnel,” echoing Prime Minister Justin Trudeau’s comments last week regarding the Pfizer vaccine candidate.

But she said Canada is still months away from being able to distribute a vaccine, noting both drugs must still be approved for use in the country. The federal government has deals to buy millions of doses of both if they are approved, she said.

The provinces and territories are also working out their distribution plans, Hajdu said.

“We’ve still got a long way to go. So I encourage everyone to continue to follow the public health measures that are keeping us safe, to reducing their gatherings, to making sure that they’re staying home when they’re sick and washing their hands and wearing a face mask,” she said.

Ontario’s health minister, Christine Elliott, said Monday the province has a team preparing a plan for the distribution of a vaccine, including ethicists to ensure the immunization is doled out “fairly and equitably and to the people that absolutely need it the most.”

Calling it a “top priority,” Elliott said the province will be “ready to go as soon as the vaccines are available.”

Isaac Bogoch, an infectious disease specialist at the University of Toronto’s Temerty Faculty of Medicine, said that based on the data available, “there is room for cautious optimism” regarding both vaccine candidates.

But he said no one should be surprised if there are hiccups along the road, noting many questions remain unanswered, such as the drugs’ effectiveness in a real-world setting and how long immunity will last.

Even once vaccines are available for distribution, it will take a long time for everyone to be immunized, and the daily case counts show the spread of the virus is accelerating, Bogoch said.

“Certainly there can be a lot of damage done between now and when vaccine programs are rolled up,” he said.

“So, we really hope that the provinces and municipal, political, and public health leaders take steps to protect people. And I hope people take steps to protect themselves and their community,” he said.

British Columbia reported almost 2,000 more cases of COVID-19 over three days on Monday, pushing the national case count past the 300,000 threshold. It reached the grim milestone less than a month after hitting the 200,000-case mark; Canada first reached 100,000 cases in June.

Nunavut, which had no infections until this month, ordered a two-week shutdown of non-essential businesses and schools as its tally rose to 18 cases.

The restrictions are set to begin Wednesday, and include closing child-care centres to all but the children of essential workers, and shuttering health centres except for emergency services.

Ontario and Quebec, the two provinces that account for the bulk of Canada’s COVID-19 case count, reported 1,487 and 1,218 new infections, respectively, on Monday as well as 10 and 25 more deaths.

In Manitoba, where 392 new cases and 10 additional deaths were logged Monday, the province’s chief public health officer warned that hospitals are near capacity.

Dr. Brent Roussin said it appears some people aren’t understanding that they need to stay home, noting one COVID-19 case over the weekend had come in contact with 85 others.

Out east, New Brunswick reported eight new cases, and Nova Scotia recorded two.

Over the weekend, Alberta saw a daily increase of more than 1,000 cases, though that dropped back to 991 on Sunday.

Meanwhile, Green party Leader Annamie Paul says the federal government needs a national task force of scientists to create a co-ordinated response to COVID-19 across the country, saying the current approach is leading to mixed messages.

This report by The Canadian Press was first published Nov. 16, 2020.

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Business

Canada Goose to get into eyewear through deal with Marchon

Published

 on

 

TORONTO – Canada Goose Holdings Inc. says it has signed a deal that will result in the creation of its first eyewear collection.

The deal announced on Thursday by the Toronto-based luxury apparel company comes in the form of an exclusive, long-term global licensing agreement with Marchon Eyewear Inc.

The terms and value of the agreement were not disclosed, but Marchon produces eyewear for brands including Lacoste, Nike, Calvin Klein, Ferragamo, Longchamp and Zeiss.

Marchon plans to roll out both sunglasses and optical wear under the Canada Goose name next spring, starting in North America.

Canada Goose says the eyewear will be sold through optical retailers, department stores, Canada Goose shops and its website.

Canada Goose CEO Dani Reiss told The Canadian Press in August that he envisioned his company eventually expanding into eyewear and luggage.

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

Companies in this story: (TSX:GOOS)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

A timeline of events in the bread price-fixing scandal

Published

 on

 

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.

Source link

Continue Reading

Business

TD CEO to retire next year, takes responsibility for money laundering failures

Published

 on

 

TORONTO – TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year.

Masrani, who will retire officially on April 10, 2025, says the bank’s, “anti-money laundering challenges,” took place on his watch and he takes full responsibility.

The bank named Raymond Chun, TD’s group head, Canadian personal banking, as his successor.

As part of a transition plan, Chun will become chief operating officer on Nov. 1 before taking over the top job when Masrani steps down at the bank’s annual meeting next year.

TD also announced that Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January 2025.

TD has taken billions in charges related to ongoing U.S. investigations into the failure of its anti-money laundering program.

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

Companies in this story: (TSX:TD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending