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‘No plan’ for economy will work without more access to COVID-19 tests, vaccines: O’Toole – Global News

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Canada will not see economic stability until there is wide access to rapid tests and vaccines for the novel coronavirus, Conservative Party Leader Erin O’Toole says.

O’Toole made the remarks during a press conference Sunday morning.

“There is no plan for the economy if we don’t have rapid testing and vaccines as swiftly as possible,” he told reporters.

Read more:
Canada ‘in the top 5’ on list to receive coronavirus vaccines 1st: minister

O’Toole’s comments come as the federal Liberal government prepares to release a fall economic update on Monday.

The government has not tabled a budget for this fiscal year, but in July delivered what it called a “fiscal snapshot” that estimated the deficit was heading for a record of $343.2 billion.

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Ottawa to deliver long-awaited economic update amid pandemic


Ottawa to deliver long-awaited economic update amid pandemic

O’Toole said there can’t be a “full economy, a growing economy, people working, people being productive without the tools to keep that happening in a pandemic.

“Those two tools are rapid tests and a vaccine,” he said.

O’Toole said Canada is “months behind our allies” when it comes to the large-scale rollout and use of rapid COVID-19 tests.

Health Canada has approved more than three dozen different tests for COVID-19, but only six of them are “point-of-care” versions more commonly referred to as rapid tests.

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Millions of rapid tests have been delivered to the provinces, however, health officials have been slow to utilize them as questions about best use and reliability remain unanswered.


Click to play video 'Coronavirus: LeBlanc says Canada is in top five to get COVID-19 vaccine'



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Coronavirus: LeBlanc says Canada is in top five to get COVID-19 vaccine


Coronavirus: LeBlanc says Canada is in top five to get COVID-19 vaccine

O’Toole also said it appears as though Canada will be “months behind our allies on vaccines.”

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“These are critical tools,” he said. “The vaccine is the hope we’re all looking for.”

Canada has signed contracts to secure 400 million doses of COVID-19 vaccine, however, the federal government says only six million of those doses — enough to vaccinate three million people — will be in the country by early January for distribution once approved by Health Canada.

However, both the United States and Britain have said they expect to have millions of vaccine doses by next month and expect to have larger portions of their populations inoculated more quickly.

Read more:
Coronavirus cases are soaring but Trudeau’s approval ratings hold steady: Ipsos

O’Toole said Canadians are going to be “rightly frustrated” when other countries are “rolling out millions of doses” of COVID-19 vaccines before Canada.

“I hate to see us trailing,” O’Toole said. “I don’t compare ourselves to the worst response, I want Canada’s response to be the best, that’s why I want to see a plan and I want to see a plan for the economy — we need to get people working.”


Click to play video 'Canada ‘needs a more ambitious procurement program’: Saskatchewan premier on COVID-19 vaccine'



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Canada ‘needs a more ambitious procurement program’: Saskatchewan premier on COVID-19 vaccine


Canada ‘needs a more ambitious procurement program’: Saskatchewan premier on COVID-19 vaccine

O’Toole is not the only one who appears to be frustrated. In an interview with The West Block’s Mercedes Stephenson, Saskatchewan Premier Scott Moe said it is “troubling” that only a small segment of the Canadian population could be vaccinated immediately.

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Moe said the federal government communicated to the country’s premiers how many doses they would receive, adding that the first round of doses will likely treat about 100,000 people in Saskatchewan.

“We need to receive more and we need to receive it in a much more timely fashion,” he said.

Moe said Canada needs a “more ambitious procurement program for sure.”

Prime Minister Justin Trudeau has said Canada’s lack of domestic manufacturing capabilities for the highly sought-after coronavirus vaccines — several of which use brand new mRNA technology — means it will be slightly further back in the queue than countries that produce the vaccines domestically.

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Still, Intergovernmental Affairs Minister Dominic LeBlanc said on The West Block on Sunday that Canada is still positioned to be in the “top five” in the global queue for vaccines.

— With a file from the Canadian Press

© 2020 Global News, a division of Corus Entertainment Inc.

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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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