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AstraZeneca doses from U.S. will arrive in Canada next week, officials say – Global News

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Canada expects to receive 1.5 million doses of the AstraZeneca vaccine next week through a sharing deal with the United States, officials confirmed Thursday.

“Public Services and Procurement Canada has recently negotiated the delivery of 1.5 million doses from the U.S., expected to arrive in Canada in the next week,” Maj.-Gen. Dany Fortin, the head of Canada’s COVID-19 vaccine distribution team, said at a news conference Thursday.

“When we have a confirmed delivery date to Canada, this quantity will be added to the quarterly distribution goal of vaccine doses.”

Canada has been in the midst of finalizing an agreement with its neighbour to the south that would see Ottawa receive 1.5 million doses of the AstraZeneca shot as a “loan.” In other words, Canada will eventually have to return the favour.

Read more:
Canada expects major surge in COVID-19 vaccine deliveries this week

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Through a bilateral agreement, 20 million doses of AstraZeneca’s vaccine are expected to funnel into Canada from manufacturing plants in the U.S. over the second and third quarters of this year.

Joelle Paquette, director-general responsible for vaccine procurement at Public Services and Procurement Canada, said the 1.5 million slated to come to Canada next week will eventually be taken back by the U.S.

She said it will be subtracted by the U.S. from the 20-million bilateral agreement “for their own use.”

“We are still working with AstraZeneca and expect to have a delivery schedule for them in the coming week on the 20 million doses of our bilateral agreement,” she said.


Click to play video: '‘No indication’ India’s hold on AstraZeneca shots will impact Canada, officials say'



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‘No indication’ India’s hold on AstraZeneca shots will impact Canada, officials say


‘No indication’ India’s hold on AstraZeneca shots will impact Canada, officials say

However, delivery schedules for the balance of the shots may remain murky.

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On top of that, Health Canada is now reviewing two American manufacturing facilities that weren’t part of the agency’s initial authorization.

Health Canada’s chief medical adviser, Dr. Supriya Sharma, said Thursday that two facilities slated to manufacture AstraZeneca vaccines in the U.S. are currently under review “to make sure they meet the regulatory requirements” to produce the drug for Canadians.

Read more:
‘No indication’ India’s hold on AstraZeneca shots will impact Canada, officials say

In the interim, Health Canada will allow the vaccines from the yet-to-be-approved plants to come into Canada to be stored “so they will be in Canada for quick distribution” once they’re given the seal of approval to be administered.

“It’s just more making sure that those manufacturing facilities have the appropriate checks and balances in place to ensure the quality of the vaccine. So, good manufacturing process,” said Sharma.

“It’s not like a full vaccine authorization where we’re looking at clinical trials… It’s a much shorter process. We expect that to be completed in the coming days.”


Click to play video: 'Health Canada official comments on AstraZeneca COVID-19 vaccine concerns'



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Health Canada official comments on AstraZeneca COVID-19 vaccine concerns


Health Canada official comments on AstraZeneca COVID-19 vaccine concerns

While a delivery schedule has not been established for AstraZeneca doses from the U.S., a shipment of about one million AstraZeneca doses made by the Serum Institute in India is expected to arrive sometime in April. The remaining 500,000 doses from that agreement will funnel into the country in May, for a total of two million from that deal.

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As for the single-shot Johnson & Johnson vaccine, a delivery schedule has yet to materialize.

Fortin said discussions are “ongoing” and that Canada’s contracted 10 million doses are “expected by September,” though he provided no further detail.

By contrast, Canada’s other approved shots — Pfizer-BioNTech and Moderna — are coming into the country with increasing amounts and increasing clarity.


Click to play video: 'Canada on track to receive more than 12 million Pfizer COVID-19 vaccine doses between April and June'



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Canada on track to receive more than 12 million Pfizer COVID-19 vaccine doses between April and June


Canada on track to receive more than 12 million Pfizer COVID-19 vaccine doses between April and June – Mar 18, 2021

Next week alone, Canada is expecting a shipment of 1.2 million doses from Pfizer. From there, the company plans to ship approximately one million doses every week from April to June.

Moderna is now shipping its shots every two weeks instead of three. Its next shipment is expected to arrive the first week of April and should include 855,000 doses. The following shipment, two weeks later, will jump to 1.2 million doses.

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This week, Canada’s vaccine rollout hit a double-digit milestone, as 11 per cent of the country’s adult population has now received at least one dose of a COVID-19 shot.

Canada’s deputy chief public health officer, Dr. Howard Njoo, acknowledged the milestone, but said 11 per cent isn’t enough to stop the spread of the virus, especially as more transmissible and possibly more deadly versions of the virus continue to pose a “significant threat.”

— with files from The Canadian Press

© 2021 Global News, a division of Corus Entertainment Inc.

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Canadian Business During the Pandemic

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In 2019 the world was hit by the covid 19 pandemic and ever since then people have been suffering in different ways. Usually, economies and businesses have changed the way they work and do business. Most of which are going towards online and automation.

The people most effected by this are the laymen that used to work hard labors to make money for there families. But other then them it has been hard for most business to make such switch. Those of whom got on the online/ e commerce band wagon quickly were out of trouble and into the safe zone but not everyone is mace for the high-speed online world and are thus suffering.

More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research. You can only imagine how many families these businesses were feeding, not to mention the impact the economy and the GDP is going to bear.

The Canadian Federation of Independent Business said one in six, or about 181,000, Canadian small business owners are now seriously contemplating shutting down. The latest figures, based on a survey of its members done between Jan. 12 and 16, come on top of 58,000 businesses that became inactive in 2020.

An estimate by the CFIB last summer said one in seven or 158,000 businesses were at risk of going under as a result of the pandemic. Based on the organization’s updated forecast, more than 2.4 million people could be out of work. A staggering 20 per cent of private sector jobs.

Simon Gaudreault, CFIB’s senior director of national research, said it was an alarming increase in the number of businesses that are considering closing.

We are not headed in the right direction, and each week that passes without improvement on the business front pushes more owners to make that final decision,”

He said in a statement.

The more businesses that disappear, the more jobs we will lose, and the harder it will be for the economy to recover.

In total, one in five businesses are at risk of permanent closure by the end of the pandemic, the organization said.

The new sad research shows that this year has been horrible for the Canadian businesses.

 

The beginning of 2021 feels more like the fifth quarter of 2020 than a new year,” said Laura Jones, executive vice-president of the CFIB, in a statement.

She called on governments to help small businesses “replace subsidies with sales” by introducing safe pathways to reopen to businesses.

There’s a lot at stake now from jobs, to tax revenue to support for local soccer teams,”

Jones said.

Let’s make 2021 the year we help small business survive and then get back to thriving.”

The whole world has suffered a lot from the pandemic and the Canadian economy has been no stranger to it. We can only pray that the world gets rid of this pandemic quickly and everything become as it used to be. Although I think it is about time, we start setting new norms.

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Shopify shares edge up after falling on executive departures

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By Chavi Mehta

(Reuters) -Shopify Inc shares edged higher on Thursday, recovering partially from the previous day’s fall, with analysts saying the news of planned senior executive departures may have limited impact due to the company’s deep talent pool.

Chief Executive Officer Tobi Lutke said in a blog post on Wednesday the company’s chief talent officer, chief legal officer and chief technology officer will all leave their roles.

“We remain confident it (Shopify) can continue to execute at a high level, despite the departures,” Tom Forte, analyst at D.A. Davidson & Co said, pointing to the company’s “deep bench of talented executives.”

Shopify, which provides infrastructure for online stores, has seen its valuation soar in the past year as many businesses went virtual during the COVID-19 lockdowns, turning it into Canada‘s most valuable company.

Shopify declined to comment further on Lutke’s statement suggesting current company leaders would step in to fill the three roles. After chief product officer Craig Miller left in September, Lutke took on the role in addition to CEO.

The Ottawa-based company is Canada‘s biggest homegrown tech success story, founded in 2006 and supporting over 1 million businesses globally, according to the company.

Jonathan Kees, analyst at Summit Insights Group, called the timing of the departures “a little alarming” but said the specific roles make it less concerning, given that the executives leaving are “more back-office roles.”

Lutke said each one of them had their individual reasons to leave, without giving details.

“I am willing to give Tobi’s explanation the benefit of the doubt,” Kees added.

Toronto-listed shares of Shopify were up 3.5% at C$1526.41 on Thursday, giving it a market value of C$188 billion ($150 billion). It ended down 5.1% on Wednesday.

“While we would refer to the departure of three high-level executives as ‘significant,’ we would not refer to it as a ‘brain drain,'” Forte added.

($1 = 1.2541 Canadian dollars)

(Reporting by Subrat Patnaik in Bengaluru; additional reporting by Moira Warburton in Vancouver; Editing by Sherry Jacob-Phillips and Dan Grebler)

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Almost half of Shopify’s top execs to depart company: CEO

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By Moira Warburton

(Reuters) – Three of e-commerce platform Shopify’s seven top executives will be leaving the company in the coming months, chief executive officer and founder of Canada‘s most valuable company Tobi Lutke said in a blog post on Wednesday.

The company’s chief talent officer, chief legal officer and chief technology officer will all transition out of their roles, Lutke said, adding that they have been “spectacular and deserve to take a bow.”

“Each one of them has their individual reasons but what was unanimous with all three was that this was the best for them and the best for Shopify,” he said.

The trio follow the departure of Craig Miller, chief product officer, in September. Lutke took on the role in addition to CEO.

Shopify, which provides infrastructure for online stores, has seen its valuation soar in the last year as many businesses went virtual during COVID-19 lockdowns. It has a market cap valuation of C$182.7 billion ($146 billion), above Canada‘s top lender Royal Bank of Canada.

It is Canada‘s biggest homegrown tech success story, founded in 2006 and supporting over 1 million businesses globally, according to the company.

“We have a phenomenally strong bench of leaders who will now step up into larger roles,” Lutke said, but did not name replacements.

Shopify said in February revenue growth would slow this year as vaccine rollouts encourage people to return to stores and warned it does not expect 2020’s near doubling of gross merchandise volume, an industry metric to measure transaction volumes, to repeat this year.

Chief talent officer, Brittany Forsyth, was the 22nd employee hired at Shopify and has been with the company for 11 years. She said on Twitter that post-Shopify she would be focusing on Backbone Angels, an all-female collective of angel investors she co-founded in March.

Shopify shares fell 5.1% while the benchmark Canadian share index ended marginally down.

($1 = 1.2515 Canadian dollars)

 

(Reporting by Moira Warburton in Toronto; Editing by Aurora Ellis)

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