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Alberta touts $77-million Shoppers Drug Mart investment as win for public health care

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The company’s goal is to have 103 total pharmacy care clinics under the corporate banner across the province by the end of this year

Alberta’s government is celebrating a four-year $77-million investment by Shoppers Drug Mart to expand its pharmacy clinics across the province, saying it will ease pressure on a strained public health care system.

The goal is to have 103 total pharmacy care clinics under the corporate banner across the province by the end of this year — an increase of 44 locations.

Shoppers Drug Mart president Jeff Leger said at a government news conference Thursday the money has been devoted to expanding and renovating clinics since 2022 across the province and to “help address some of the growing demands on the public system today.”

“The clinics are helping to backstop the provincial health-care system by improving patient experience and increasing access to primary care, giving Albertans more options when they need them,” said Leger, who added some 200,000 Albertans have visited the company’s pharmacy clinics since the first one opened in Lethbridge in 2022.

UCP Premier Danielle Smith called the clinics a “step forward for accessible primary health care” and a relief for the overburdened public system.

“Increased accessibility will take tremendous pressure off of doctors’ offices and emergency rooms of hospitals and people who are under the weather won’t have to travel far or spend so much time waiting or suffering to receive medical assistance,” she said.

Jobs, Economy and Trade Minister Matt Jones clarified that no provincial subsidies went into Shoppers Drug Mart’s expansion plan, but said Invest Alberta, a Crown corporation that aims to attract businesses to the province, paved the way for the final investment decision.

“We’ve created an environment where businesses can succeed and we’ve made an intentional effort to increase the scope of health-care professionals in Alberta,” he said.

Health Minister Adriana LaGrange said the expansion “aligns” with the government’s efforts to reorganize the health care system — a shift that will see Alberta Health Services dismantled as the sole health authority and four new governing agencies created.

LaGrange also clarified that the government is not directly funding pharmacy-led clinics, although many pharmacy services are covered by the province.

Pharmacies can bill the province for services under the Alberta Health Care Insurance Plan, including administering an injection, providing an emergency prescription, or helping to manage a chronic illness like diabetes.

‘Extreme concern’ over losing doctors remains: AMA

LaGrange said the province is “getting very close” to finalizing a deal with nurse practitioners that will allow them to open independent clinics and continues to work with the Alberta Medical Association (AMA) to stabilize family medical practices.

Doctors are anxiously awaiting $ 200 million in funding that was announced in December, as well as a new compensation model to replace fee-for-service, as 61 per cent of family doctors say they are considering an exit from their practice or the province.

AMA president Dr. Paul Parks said in a statement to Postmedia he remains focused on keeping family and rural medicine clinics open, and the government needs to recognize the urgency.

“Albertans still want to keep their family and rural generalist doctors,” he said, adding that although he doesn’t know all the details of the announcement on pharmacy clinics, his first reaction “is that it does nothing to change my extreme concern about what’s happening with patient access to comprehensive life-long care.”

Alberta Opposition Leader Rachel Notley, at an unrelated news conference Thursday, called the announcement an “empty effort to distract Albertans and to gaslight them” from the UCP’s failure to follow through on its health-care promises.

“Pharmacists have an important role to play, but our family physicians and nurses, and many other frontline health care professionals within the public system, must be supported. The announcement today is just not a replacement for that — no matter what you call it,” said Notley.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

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

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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