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What happened in the economy in 2020 – Yahoo Canada Finance

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The Canadian Press

From the camera rolls of American phones, glimpses of 2020

A year like no other: Americans shambled through it, doing the best they could under circumstances that were uneven at best — and sometimes downright punishing.
As they endured, here and there they pulled out their phones and did what so many people do these days: They snapped photos of the world around them.
Snapshots of 2020. We all have them. And behind some are the stories of an era of pandemic and polarization and progress and upheaval and daily life — the visual representations of the lives people experienced and the moments they captured.
Associated Press reporters went back to some of the people they interviewed during the news events of the past year and asked a straightforward question: What image on your phone’s camera roll tells YOUR story of 2020?
For the next three days, we are sharing some of their answers in photographs and words, adding new ones each day.
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DALE TODD, IOWA
The Aug. 10 derecho that hammered Cedar Rapids, Iowa, with winds up to 140 mph severely damaged tens of thousands of homes and businesses and devastated the community’s tree canopy.
Much of the city of 130,000 people was without electricity for a week or longer. “It feels like we got kicked in the teeth pretty good,” city councillor Dale Todd says.
But Todd says the lack of power and air conditioning caused something “sort of magical” to happen: Once-distant neighbours came together to help as the city started a massive effort to clear debris.
Todd’s family and neighbours gathered every night for community meals, at first featuring meats that had to be used or would spoil. They talked about their days and looked at the stars from Todd’s backyard without distractions from cellphones or television.
In this photo, Todd’s wife, Sara, fixes the mask of their 21-year-old son, Adam, who has severe epilepsy. Todd calls the photo a reminder of the “powerful sense of community that evolved.”
“That is what is going to get us through this pandemic, through this next year with the economy,” he says, “and hopefully it can be a model for how we rebuild our politics and sense of democracy.”
— By Ryan Foley
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RUTH CABALLERO, NEW YORK
When home health nurse Ruth Caballero looks at an April photo of her wearing her full kit of pandemic protective gear, she sees a feeling: “how scared I was.”
Covered in a surgical gown, face shield, plastic cap and two layers of masks and gloves, she was heading into a New York City apartment to see one of her first coronavirus patients, just released from a hospital.
“I remember putting all of that on and saying to myself, ‘Please, let me be able to be as effective medically to help this patient as much as I can. And please allow me to stay COVID-negative,’” recalls Caballero, who works for the Visiting Nurse Service of New York.
Moments later, Caballero came face-to-face with the ravages of COVID-19, meeting a tremendously weakened patient who asked: “Nurse, did they send me home to die?”
“No, they sent you home to live,” Caballero remembers saying. “And we’re going to fight this together.”
Caballero’s cellphone photo is a portrait, one of many, of New York City’s fearsome battle with the coronavirus. During an early April peak, it was blamed for over 750 deaths a day in the city alone. Still, Caballero glimpses more than those desperate times when she looks at that picture.
She also thinks of how different she felt two or three months later, as that first surge subsided, protective equipment shortages eased and she gained experience caring for coronavirus patients — and seeing them get better.
By then, “I looked forward to being able to provide them with nursing care,” says Caballero, who now has worked with more than 50 COVID-19 patients. “I’m not afraid,” she says. “Whatever I can do to help them recover, it is one of my greatest joys.”
— By Jennifer Peltz
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LIN-MANUEL MIRANDA, NEW YORK
Lin-Manuel Miranda already wears plenty of hats: He’s a Broadway playwright and producer, singer, songwriter, actor, rapper and composer.
But at the beginning of 2020, he was set to add a new title to his resume: film director. Until the coronavirus pandemic changed his plans, that is. Netflix had to shut down production of his directorial debut, the musical drama “Tick, Tick… Boom!,” earlier this year after only eight days of shooting.
“We started back up again in September. We wrapped just before Thanksgiving. And I’m incredibly grateful and proud to say that we were able to finish filming with no one getting sick, no delays,” Miranda says.
With wild hair and eyes wide open, the entertainer — in a face mask and face shield — took a selfie on the New York set of the film, which stars Andrew Garfield and Vanessa Hudgens. It will be released next year.
“The picture you’re seeing is me at the end of the day of our most complicated musical sequence. … So that’s why my hair is literally standing straight out of pure exhaustion,” he says.
“We really kind of learned a new way of filmmaking,” says Miranda, who this year released the 2016 filmed version of his Broadway musical “Hamilton” on Disney+ as well as “We Are Freestyle Love Supreme,” the Hulu documentary highlighting his improv skills. “It was a lot on top of what is already a hard gig, but it also made finishing it all the sweeter.”
— By Mesfin Fekadu, AP music writer
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ADAM RAMMEL, OHIO
Adam Rammel enjoyed seeing a full house at his brewpub, Brewfontaine, and had high hopes for his second location next door, the Syndicate. But for three months, from March 15 to June 5, the Bellefontaine, Ohio, restaurants were closed to indoor diners and limited to takeout and delivery. Rammel can’t shake the image of upside-down chairs on tables in an empty dining room.
Social distancing and customer anxiety have reduced the restaurants’ Friday and Saturday night crowds from an expected 130 people to 60 at best. With winter here, Rammel and his co-owners have given up on serving customers outdoors. Like other restaurateurs, he hopes the widespread availability of a coronavirus vaccine will bring back the crowds.
Asked how he’s been able to get through more than nine months of anxiety, Rammel said he’s been helped by “an amazing support system with partners, including my family. Trying to remain positive. And bourbon. Lots of bourbon.”
— By Joyce Rosenberg, AP business writer

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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)

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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.

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