adplus-dvertising
Connect with us

Business

Coronavirus: What's happening in Canada and around the world Friday – CBC.ca

Published

 on


The latest:

Toronto, Peel Region and North Bay-Parry Sound will remain under the current stay-at-home order for at least another two weeks, according to a statement released by the Ontario government on Friday.

York Region, located just north of Toronto, will transition to Ontario’s colour-coded COVID-19 restriction system, the release said. This transition to the red level will take effect on Feb. 22 at 12:01 a.m. ET. The extension for Toronto, Peel Region and North Bay-Parry Sound will be in effect until at least March 8.

“Our government’s number one priority is the safety of all individuals and families, and that’s why we are taking a gradual, cautious approach to returning regions to the framework,” Health Minister Christine Elliott said in the release. “These are difficult but necessary decisions, in order to protect against COVID-19 variants and maintain the progress we have all made together.

“Until vaccines are widely available, we continue to urge all Ontarians to follow public health advice and measures, and stay home, stay safe and save lives.”

Earlier, Ontario health officials reported 1,150 new cases of COVID-19 on Friday, with 47 additional deaths. Hospitalizations stood at 689, with 269 COVID-19 patients in the province’s intensive care units.

WATCH | How vaccines can keep up with coronavirus variants:

New coronavirus variants won’t necessarily mean new vaccines or vaccine boosters are needed. And if adjustments are needed, they would take less time to develop than the original vaccines. 2:01

Alberta, meanwhile, announced the next steps in its COVID-19 vaccine rollout. Premier Jason Kenney said all seniors age 75 and older will be able to book appointments for vaccines beginning next Wednesday.

Kenney also announced that residents of lodges and other continuing care facilities will be offered the vaccine as of Friday. He said all residents in long-term care and designated supportive living have received their second shot.

Previously, vaccines in the province were offered to residents of public long-term care and designated supportive-living facilities.

Kenney said Phase 2 is expected to begin in April, pending vaccine availability. It will include anyone aged 50 to 74, anyone with high-risk underlying health conditions, First Nations and Métis people 35 or older and residents and staff of congregate-living settings and eligible caregivers. According to a news release, details about qualifying underlying health conditions will be released before Phase 2 begins.

The province reported 325 new cases of COVID-19 and seven related deaths.


What’s happening in Canada

As of 6:25 p.m. ET on Friday, Canada had reported 840,591 cases of COVID-19, with 32,241 cases considered active. A CBC News tally of deaths stood at 21,576.

Prime Minister Justin Trudeau announced that the federal government will extend the period of time claimants can receive several pandemic income benefits.

Trudeau told reporters Friday afternoon that the Canada recovery benefit (CRB), the Canada recovery sickness benefit (CRSB), the Canada recovery caregiving benefit (CRCB) and employment insurance (EI) will all see extensions in the number of weeks eligible recipients can receive them.

WATCH | Who is keeping track of thousands of private COVID-19 tests?

A CBC News investigation into the growing and largely unregulated private sector of COVID-19 tests and found a hodge-podge industry of inconsistent prices, and sometimes, test results. 2:39

At a briefing earlier on Friday, top federal health officials pointed out that the country has seen a steady decline in COVID-19 activity in Canada, but expressed worry about so-called variants of concern.

Health officials said Friday that variants of concern had been reported in all 10 provinces. According to figures provided at the briefing, as of Friday there had been:

  • More than 660 cases of the B117 variant first identified in the U.K.

  • 39 cases of the B1351 variant first identified in South Africa.

  • One case of the P1 variant first traced to travellers from Brazil.

In Newfoundland and Labrador, officials reported 60 new confirmed cases of COVID-19 on Friday and nine new presumptive cases on Friday.

WATCH | COVID-19 testing ramps up as N.L. struggles to contain outbreak:

Janice Fitzgerald, the chief medical officer of health for Newfoundland and Labrador, says labs are now processing more than six times the number of tests every 24 hours than they were two weeks ago. 1:08

New Brunswick reported six new COVID-19 cases on Friday, while Nova Scotia reported two new cases.

In Quebec, health officials reported 800 new cases of COVID-19 on Friday and 14 additional deaths. COVID-19 hospitalizations stood at 723, with 127 of those patients in intensive care.

Manitoba health officials reported 92 new COVID-19 cases on Friday and two related deaths. Dr. Jazz Atwal, the deputy chief provincial public health officer, also said three more cases of the coronavirus variant first detected in the U.K. have been identified in Manitoba. All three are linked to international travel and have since recovered, Atwal said.

Saskatchewan reported 146 new cases of COVID-19 and three related deaths on Friday.

British Columbia announced 508 new COVID-19 cases and six related deaths on Friday. Deputy Provincial Health Officer Dr. Reka Gustafson also announced that 12,250 vaccine doses were administered over the last 24 hours — a record for the province.

“This is very good news because every individual protected through vaccination makes us all safer,” Gustafson said.

In Nunavut, the territorial government confirmed two new cases of COVID-19 Friday in Arviat. It’s the seventh day in a row new cases have been reported in the hamlet of 2,650 people, and it brings the total number of active cases in the territory to 29, all in Arviat.


What’s happening around the world

A coffee and sandwich vendor walks amid empty oxygen cylinders while people rest waiting for a shop to open to refill their tanks, in the Villa El Salvador neighbourhood of Lima on Thursday. (Martin Mejia/The Associated Pres)

As of Friday evening, more than 110.5 million cases of COVID-19 had been reported worldwide, with more than 62.2 million of those cases listed as recovered on a tracking site run by Johns Hopkins University. The global death toll stood at more than 2.4 million.

In the Americas, the United States has a backlog of six million COVID-19 vaccine doses due to inclement weather, White House officials said at a media briefing on Friday, adding that the federal government expects to catch up with vaccine distribution by next week.

All 50 states are impacted, according to Andy Slavitt, senior adviser to the White House’s COVID-19 response team. He said delays were due to road closures, shipping company employees unable to get to work and power outages in certain locations.

Venezuela started vaccinating health workers with the Russian Sputnik V vaccine, adding that it hopes to inoculate 70 per cent of the country’s population by the end of the year.

In Africa, an African Union-created task force working to secure COVID-19 vaccines says Russia has offered 300 million doses of the country’s Sputnik V vaccine. The director of the Africa Centers for Disease Control and Prevention, John Nkengasong, said in a statement Friday that the body is “tremendously proud” to offer the doses to Africa’s 54 countries. The statement says the Sputnik V doses will be available in May.

In the Asia-Pacific region, Japan confirmed a new variant of COVID-19, and an infection cluster emerged at a Tokyo immigration facility.

South Korea may consider a fifth round of COVID-19 cash handouts, the prime minister said, even as the details of a planned fourth cash payout have yet to be completed.

China’s Sinovac delivered 1 million doses of its COVID-19 vaccine CoronaVac to Hong Kong on Friday evening. Government officials approved Sinovac’s two-dose vaccine on Thursday. The semi-autonomous city is relying on three vaccines and has purchased 22.5 million doses in total.

Priority groups include health-care workers and those above the age of 60, as well as essential workers. Online appointments will begin on Tuesday.

In Europe, the head of Germany’s disease control agency warned Friday that the drop in new coronavirus cases has levelled off even as the share of more contagious variants is rising. Lothar Wieler, head of the Robert Koch Institute, said Germany may be heading toward another “turning point” in the pandemic after weeks of falling infections.

His agency reported 9,113 newly confirmed COVID-19 cases in the past day and 508 deaths. Germany has recorded almost 2.4 million cases and 67,206 deaths from the coronavirus since the start of the pandemic. Earlier this week Health Minister Jens Spahn said the share of the more contagious variant first detected in Britain has reached about 22 per cent in Germany, from six per cent two weeks ago.

Students get food during a distribution organized by the French charity Restaurants of the Heart at a student residence in Paris earlier this week. (Sarah Meyssonnier/Reuters)

A Dutch appeals court will rule next Friday in a case against the government’s coronavirus curfew, the judge said on Friday. The court is weighing an appeal against the ruling by a lower court, which found on Tuesday that the government measure lacked legal justification and must be scrapped.

Hungarian health authorities issued final approval to a COVID-19 vaccine produced in China, clearing the way for the first inoculations with a Chinese vaccine in the European Union.

Ireland will remain under significant restrictions until the end of April, the prime minister was quoted as saying.

In the Middle East, Saudi Arabia this week approved the use of the Oxford-AstraZeneca vaccine.

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Business

Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlier

Published

 on

 

MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.

The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.

The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Dollarama keeping an eye on competitors as Loblaw launches new ultra-discount chain

Published

 on

 

Dollarama Inc.’s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is “not in the grocery business,” even if it’s keeping an eye on the sector.

“It’s just one small part of our store,” Neil Rossy told analysts on a Wednesday call, where he was questioned about the company’s food merchandise and rivals playing in the same space.

“We will keep an eye on all retailers — like all retailers keep an eye on us — to make sure that we’re competitive and we understand what’s out there.”

Over the last decade and as consumers have more recently sought deals, Dollarama’s food merchandise has expanded to include bread and pantry staples like cereal, rice and pasta sold at prices on par or below supermarkets.

However, the competition in the discount segment of the market Dollarama operates in intensified recently when the country’s biggest grocery chain began piloting a new ultra-discount store.

The No Name stores being tested by Loblaw Cos. Ltd. in Windsor, St. Catharines and Brockville, Ont., are billed as 20 per cent cheaper than discount retail competitors including No Frills. The grocery giant is able to offer such cost savings by relying on a smaller store footprint, fewer chilled products and a hearty range of No Name merchandise.

Though Rossy brushed off notions that his company is a supermarket challenger, grocers aren’t off his radar.

“All retailers in Canada are realistic about the fact that everyone is everyone’s competition on any given item or category,” he said.

Rossy declined to reveal how much of the chain’s sales would overlap with Loblaw or the food category, arguing the vast variety of items Dollarama sells is its strength rather than its grocery products alone.

“What makes Dollarama Dollarama is a very wide assortment of different departments that somewhat represent the old five-and-dime local convenience store,” he said.

The breadth of Dollarama’s offerings helped carry the company to a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent.

The retailer said Wednesday the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per diluted share a year earlier.

The period the quarter covers includes the start of summer, when Rossy said the weather was “terrible.”

“The weather got slightly better towards the end of the summer and our sales certainly increased, but not enough to make up for the season’s horrible start,” he said.

Sales totalled $1.56 billion for the quarter, up from $1.46 billion in the same quarter last year.

Comparable store sales, a key metric for retailers, increased 4.7 per cent, while the average transaction was down2.2 per cent and traffic was up seven per cent, RBC analyst Irene Nattel pointed out.

She told investors in a note that the numbers reflect “solid demand as cautious consumers focus on core consumables and everyday essentials.”

Analysts have attributed such behaviour to interest rates that have been slow to drop and high prices of key consumer goods, which are weighing on household budgets.

To cope, many Canadians have spent more time seeking deals, trading down to more affordable brands and forgoing small luxuries they would treat themselves to in better economic times.

“When people feel squeezed, they tend to shy away from discretionary, focus on the basics,” Rossy said. “When people are feeling good about their wallet, they tend to be more lax about the basics and more willing to spend on discretionary.”

The current economic situation has drawn in not just the average Canadian looking to save a buck or two, but also wealthier consumers.

“When the entire economy is feeling slightly squeezed, we get more consumers who might not have to or want to shop at a Dollarama generally or who enjoy shopping at a Dollarama but have the luxury of not having to worry about the price in some other store that they happen to be standing in that has those goods,” Rossy said.

“Well, when times are tougher, they’ll consider the extra five minutes to go to the store next door.”

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:DOL)

Source link

Continue Reading

Business

U.S. regulator fines TD Bank US$28M for faulty consumer reports

Published

 on

 

TORONTO – The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers to consumer reporting companies.

The agency says TD has to pay US$7.76 million in total to tens of thousands of victims of its illegal actions, along with a US$20 million civil penalty.

It says TD shared information that contained systemic errors about credit card and bank deposit accounts to consumer reporting companies, which can include credit reports as well as screening reports for tenants and employees and other background checks.

CFPB director Rohit Chopra says in a statement that TD threatened the consumer reports of customers with fraudulent information then “barely lifted a finger to fix it,” and that regulators will need to “focus major attention” on TD Bank to change its course.

TD says in a statement it self-identified these issues and proactively worked to improve its practices, and that it is committed to delivering on its responsibilities to its customers.

The bank also faces scrutiny in the U.S. over its anti-money laundering program where it expects to pay more than US$3 billion in monetary penalties to resolve.

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:TD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending