OTTAWA —
When Canada enters Phase 2 of the national mass COVID-19 immunization effort in April, federal officials are planning to receive “more than” one million doses of approved vaccines every week, on average.
Maj-Gen. Dany Fortin, who is leading Canada’s logistical rollout and distribution of vaccines from the Public Health Agency of Canada, called the second part of the national vaccination campaign the “ramp-up” phase. This is when vaccinations of the general public are slated to begin, and right now it’s anticipated that 20 million doses will be delivered to Canada between April and June.
“The logistics planning team at the agency is working with federal, provincial, territorial and Indigenous partners to align forecasted vaccine availability with the immunization capacity in the provinces and territories,” Fortin said, adding that this includes making sure the cold-chain storage and other supplies like needles and bandages are available.
Fortin said he is “optimistic” that provinces and territories will be ready to vaccinate at scale when these larger batches of doses begin arriving, citing the thousands of health-care professionals who have stepped up and are volunteering to help administer doses when the time comes.
The Phase 1 rollout is continuing through February and March, pushing to properly allocate and prioritize key groups like residents and staff in long-term care homes as well as front-line health-care workers with the initial six million doses of the approved Pfizer-BioNTech and Moderna vaccines.
In this first stage of the vaccine campaign, Canada has seen both doses sitting in freezers as well as provinces saying they are running short, while those on the front line have sought to sort out who should and shouldn’t be receiving shots at this time.
Noting the “disappointment” from some vaccination clinics that have already started scaling up but don’t have the supply of vaccines to sustain a higher rate of immunizations, Fortin said that “little wrinkles” like that will be ironed out before mass vaccinations begin.
“We have been sharing data with provinces and territories, who of course, understandably want more vaccines as they ramp up their vaccination programs. The challenge is: we have limited quantities. We’ll have a significant big jump in the second quarter and we’ll be able to distribute much larger quantities and vaccinate at scale.”
Fortin said additional planning documents about Phase 2 will be shared with the provinces and territories soon.
“We continue to work with Public Services and Procurement Canada colleagues, and with manufacturers to maximize the vaccine availability so that as many Canadians as possible can be safely immunized as rapidly as possible.”
By Friday, the federal government will have distributed a total of 929,000 doses, Fortin said Tuesday during a technical briefing on the vaccine rollout.
This week the federal government published a delivery schedule outlining the amount of Pfizer and Moderna vaccines being distributed to provinces each week between now and the end of February so that each region can plan accordingly and schedule an appropriate number of vaccination appointments.
Fortin said Wednesday that he expects the precise allocations will be confirmed “soon.”
TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.
The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.
The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.
The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.
Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.
Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.
This report by The Canadian Press was first published Nov. 6, 2024.
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
