adplus-dvertising
Connect with us

Business

Ford to provide update on Ontario’s COVID-19 vaccination program

Published

 on

Further delivery delays of COVID-19 vaccines in Ontario have prompted the provincial government to push back the deadline for administering first doses to all long-term care home residents.

Last week, the province said all residents of long-term care homes in Ontario would be able to receive their first dose of an approved COVID-19 vaccine by Feb. 5, 10 days sooner than originally promised.

But on Tuesday, officials confirmed that in response to scaled back shipments of the Pfizer-BioNTech and Moderna vaccines to Canada from Europe, that deadline has now been pushed back to Feb. 10.

The province says they expect to receive 26,325 doses of the Pfizer vaccine this week and another 27,300 next week, an estimated 80 per cent reduction in the allotment that was previously promised by the federal government.

Ontario will receive 63,400 doses of the Moderna vaccine this week, about 18,000 fewer doses than what was expected, officials confirmed Monday.

The stalled shipments have forced the province to shift its vaccination strategy in recent weeks, providing first doses only to residents in long-term care or high-risk retirement homes and as well as those who live in First Nation elder care homes.

Once sufficient doses are secured, the province says it will continue providing first doses to staff and essential caregivers in long-term care and high-risk retirement homes.

Another 130,000 doses of the Pfizer vaccine are expected to arrive in the province during the week of Feb. 15 and 155,000 are expected to be delivered during the week of Feb. 22. No allocation information has been provided to the province beyond that date.

According to the latest information released by the province, in the remaining weeks of February, 310,000 COVID-19 vaccine doses are expected to be delivered.

Officials say they believe they currently have sufficient vaccine supply to provide second doses to everyone who has received their first dose.

The province has said the second dose of the Pfizer vaccine should be administered no later than 42 days after the first dose.

For residents in long-term care, the interval between doses should be maintained at 21 to 27 days.

To date, more than 70,000 people have been fully vaccinated against COVID-19, receiving both the first and second doses.

Approximately 280,084 doses of the Pfizer vaccine and 61,816 doses of the Moderna vaccine have been administered in Ontario.

Figures provided by the federal government suggested that Ontario would likely see another 80,000 doses of the Moderna vaccine on the week of Feb. 22, although that the number has since disappeared from the government’s website.

Ret. Gen. Rick Hillier, chair of the province’s COVID-19 task force, said he is not sure why Ottawa is no longer providing that information.

“I heard about it just before I came over here to come on to the press conference here and my heart went pitter-patter, quite frankly,” Hillier said at a news conference on Tuesday afternoon. “I don’t know if it is just a number that has disappeared, if it is a computer glitch or an IT glitch, or if there is something else behind it.”

Hillier said the province is currently reaching out to the federal government to find out what is happening with the Feb. 22 allotment.

“I don’t know if somebody was updating to make it actually more, which we’d love to see. I’m simply crossing my fingers hoping that we are not going to see a further reduction in Moderna,” he added.

“I know that the team is communicating to Ottawa now and talking to Ottawa to determine exactly why that number disappeared.”

All public health units have now received vaccine doses but some will need to wait until this week’s delivery before they can finish vaccinating residents of all long-term care homes.

Officials say the province has the capacity to vaccinate nearly 40,000 people per day and is working to triple or quadruple that capacity as soon as it receives sufficient supply from the federal government.

Provincial officials confirmed Tuesday that Health Canada is still reviewing data on other vaccine candidates that are awaiting approval, including AstraZeneca, but an announcement could be made in the next week.

Prime Minister Justin Trudeau confirmed Tuesday that Canada has signed a tentative deal with Novavax to produce vaccines here in Canada if it is approved for use. Domestic production of the vaccine also cannot proceed until construction is complete on the Montreal facility where it will be produced.

“These shipment delays with the Pfizer vaccine have been incredibly disappointing,” Ford said on Tuesday afternoon. “With the uncertainty surrounding a steady supply of vaccines, it’s clear we need to start production of COVID-19 vaccines right here in Canada.”

Source:- CP24 Toronto’s Breaking News

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