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Canada's economic engine stalled in July as GDP contracted again – CBC.ca

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The total value of all the goods and services Canada produced shrank for the third time in four months in July, a sign that the COVID-19 pandemic continues to wreak havoc on the country’s economy.

Statistics Canada reported Friday that Canada’s gross domestic product (GDP) shrank by 0.1 per cent in July.

The accommodation and food services sector expanded by 12 per cent as more provinces reopened their economies after the third wave. A similar trend was seen in the hard-hit arts, entertainment and recreation sector, which expanded by eight per cent.

But those sources of strength weren’t enough to offset weakness in other parts of the economy, including agriculture, which shrank by 5.5 per cent due to extreme heat in Western Canada hurting crop yields. 

Wildfires in B.C. made a dent in the forestry and logging industry, which shrank by 3.9 per cent.

The utility sector shrank by 4.9 per cent while manufacturing contracted by 1.1 per cent and construction slumped by 0.9 per cent.

July’s numbers mean Canada’s economy is still two per cent smaller than it was 19 months ago before the pandemic started.

The glum number for July was slightly better than the 0.2 per cent drop that economists were expecting, but the data agency gave an advanced estimate for August that suggests a stronger bounce back was underway. 

Sri Thanabalasingam, an economist with TD Bank, described the numbers for July as “lacklustre” but says the stronger than expected number for August is good news considering what we know about what’s happening in the economy now.

“It appears the Canadian economy ended the summer on a high note, but the fall season could lower the octave,” he said. “Cooling weather and the resurgence of the pandemic (already occurring in Alberta and Saskatchewan) could dampen enthusiasm for recreational activities … this could test the resilience of the economy in the months ahead.”

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Panama, Costa Rica, Dominican Republic ask for U.S. help on migration

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The presidents of panama, Costa Rica and the Dominican Republic on Wednesday asked for U.S. assistance in stemming the flow of thousands of migrants crossing the dangerous jungles that divide Panama and Colombia as they make their way to the United States.

Panama’s President Laurentino Cortizo hosted a meeting with Costa Rica’s Carlos Alvarado Quesada and Dominican Republic’s Luis Abinader in Panama City on Wednesday, where they discussed the burgeoning migrant crisis.

Cortizo said that so far this year a record number of more than 100,000 undocumented migrants have trekked north from Colombia through the Darien Gap, a lawless jungle teeming with everything from deadly snakes to anti-government guerrillas.

The United Nations children’s agency UNICEF said earlier this month that some 19,000  migrant children have crossed the Darien Gap so far in 2021, almost three times higher than the total for the previous five years.

Cortizo said the situation demands concrete solutions and that Washington should play an active role in assisting.

The Latin American leaders agreed “that our foreign ministers urgently articulate with the U.S. authorities and other countries to … look for concrete measures,” he added.

The presidents discussed the possibility of establishing a strategy of investments and job creation in Haiti, home to many of the migrants.

Cortizo said that he is seeking a meeting with U.S. President Joe Biden during the United Nations’ COP26 climate conference in Glasgow, Scotland.

In early 2021, Panamanian authorities had warned of a possible crisis after opening the borders that had for months been closed because of the pandemic.

By September, the immigration authorities of the Central American nation reported a record number of 91,305 migrants who entered from neighboring Colombia. Of these, 56,676 were Haitians and 12,870 Cubans.

 

(Reporting by Elida Moreno; Writing by Anthony Esposito Editing by Simon Cameron-Moore)

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

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The latest:

The U.S. Food and Drug Administration (FDA) on Wednesday authorized booster doses of COVID-19 vaccines from Moderna and Johnson & Johnson, and said Americans can choose a shot that is different than their original inoculation.

The decision paves the way for millions more people in the United States to get the additional protection with the highly contagious delta variant of the coronavirus causing breakthrough infections among some who are fully vaccinated.

The agency previously authorized boosters of the Pfizer-BioNTech vaccine at least six months after the first round of shots to increase protection for people aged 65 and older, those at risk of severe disease and those who are exposed to the virus through their work.

Last week, an advisory panel to the FDA voted to recommend a third round of shots of the Moderna vaccine for the same groups.

WATCH | U.S. will now accept Canadian travellers with mixed doses: 

U.S. will now accept Canadian travellers with mixed COVID-19 vaccine doses

5 days ago

The United States has confirmed that Canadians that had different COVID-19 vaccines for their first and second dose will be recognized as fully vaccinated. The U.S. will be implementing travel restrictions on Nov. 8, only permitting fully vaccinated travellers into the country. 2:09

The panel also recommended a second shot of the J&J vaccine for all recipients of the one-dose inoculation at least two months after receiving their first.

The FDA and U.S. Centers for Disease Control and Prevention (CDC) were under some pressure to authorize the additional shots after the White House announced plans in August for a widespread booster campaign.

The advisory panel meeting included a presentation of data on mixing vaccines from a U.S. National Institutes of Health study in which 458 participants received some combination of Pfizer-BioNTech, Moderna and J&J shots.

The data showed that people who initially got J&J’s COVID-19 vaccine had a stronger immune response when boosted with either the Pfizer or Moderna shot, and that “mixing and matching” booster shots of different types was safe in adults.

Many countries including Canada and the U.K. have backed mix-and-match strategies for the widely-used AstraZeneca-Oxford vaccine, which is not authorized in the United States but is based on similar viral vector technology as J&J’s vaccine.

WATCH | Booster shots not yet needed for most, says specialist: 

COVID-19 booster shots not needed for most people yet, says specialist

14 days ago

Canadians who are fully vaccinated against COVID-19 might see longer immunity if their shots were spaced further apart than recommended by the vaccine makers, says Dr. Matthew Oughton, an infectious diseases specialist in Montreal who said most people don’t need booster shots at this time. (Evan Mitsui/CBC) 4:51

Reuters reported in June that infectious disease experts were weighing the need for booster shots of either the Pfizer or Moderna vaccine after the J&J shot.

A CDC advisory committee on Thursday will make its recommendations about which groups of people should get the Moderna and J&J boosters, which the agency’s director will use to inform her final decision.

About 11.2 million people have so far received a booster dose, according to data from the CDC.


What’s happening in Canada

WATCH | Vaccines for kids could face hurdles after approval: 

COVID-19 vaccines for kids could face hurdles after approval

23 hours ago

Health Canada is reviewing data for the first COVID-19 vaccine for younger children, but even if it’s approved, the hurdles could include vaccine supply, distribution and getting some parents on board. 3:38

  • Pandemic restriction opponents line up behind Manitoba PC leadership hopeful.
  • Some unvaccinated municipal workers in northeastern Ontario sent home.
  • N.L. sees 9 cases as officials make tweaks to fix vaccine passport issues.

What’s happening around the world

As of Wednesday, more than 241.6 million cases of COVID-19 had been reported around the world, according to the latest figures posted by Johns Hopkins University. The reported global death toll stood at more than 4.9 million, according to the U.S-based university’s coronavirus tracker.

In Europe, Russia will shut workplaces for a week, Latvia went back into lockdown for a month and Romanian funeral homes are running out of coffins, as vaccine-skeptic ex-communist countries face record highs of infections and deaths.

In Africa, Kenya lifted a nationwide curfew on Wednesday that has been in place since March 2020 to curb the spread of the coronavirus.

In the Americas, 41 per cent of people across Latin America and the Caribbean have now been fully vaccinated against COVID-19, the Pan American Health Organization said.

In Asia, China reported a fourth day of new, locally transmitted cases in a handful of cities across the country, spurring local governments to double down on efforts to track potential carriers amid the zero-tolerance policy.

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N.Korea says U.S. overreacting over submarine missile test

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North Korea said on Thursday the United States was overreacting to its recent missile test and questioned the sincerity of Washington’s offers of talks, warning of consequences.

This week’s test of a new ballistic missile from a submarine was part of North Korea’s mid- and long-term plan to bolster self defense and was and not aimed at the United States or any other country, an unnamed spokesperson at Pyongyang’s foreign ministry said, according to the official KCNA news agency.

Washington had taken “overly provocative moves” by calling the test a violation of U.N. Security Council resolutions and a threat to regional peace and stability, the spokesperson said.

The Security Council met on Wednesday over the launch at the request of the United States and Britain, and the U.S. envoy urged Pyongyang to accept offers of talks, reiterating that Washington has no hostile intent toward it.

The foreign ministry spokesperson said the United States’ “double standards” over missile development cast doubt over its overtures.

“It is a clear double standard that the United States denounces us for developing and testing the same weapons system it already has or was developing, and that only adds suspicions to their sincerity after saying they have no hostility towards us,” the spokesperson said in a statement carried by KCNA.

The United States and the council could face “more grave and serious consequences” if they opted for wrong behaviour, the spokesperson said, warning against “fiddling with a time bomb.”

 

(Reporting by Hyonhee Shin; editing by Richard Pullin)

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