Facing rising unemployment and with many of their citizens struggling to make ends meet, governments around the world are wrestling with when and how to ease the restrictions designed to control the coronavirus pandemic.
Mandatory lockdowns to stop the spread of the new virus, which has so far infected more than 2.2 million people and for which there is no vaccine, have brought widespread hardship.
In a joint statement Saturday, a group of 13 countries including Canada, Brazil, Italy and Germany called for global co-operation to lessen the economic impact of the pandemic.
“It is vital that we work together to save lives and livelihoods,” they said.
The group, which also includes Britain, France Indonesia, Mexico, Morocco, Peru, South Korea, Singapore and Turkey, said it was committed to “work with all countries to co-ordinate on public health, travel, trade, economic and financial measures in order to minimize disruptions and recover stronger.”
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This includes maintaining “air, land and marine transportation links” to ensure the continued flow of goods including medical equipment and aid, and the return home of travellers, they said.
In the United States, the debate has taken on partisan tones ahead of this fall’s presidential elections. Republican President Donald Trump urged supporters to “liberate” three states led by Democratic governors, tweeting the kind of rhetoric some have used to demand an end to stay-at-home orders that have thrown millions out of work.
There have been tentative signs that measures to curb the outbreak are working, with the rate of new infections slowing across Europe in response to the lockdowns there.
1:30 Coronavirus outbreak: WHO says containment of novel coronavirus ‘is possible’
Coronavirus outbreak: WHO says containment of novel coronavirus ‘is possible’
In France and Spain, some field hospitals were starting to be dismantled, while Germany said the number of people infected by each person with COVID-19 fell below one for the first time this week.
Still, most governments and public health officials remain cautious about relaxing the shutdowns, despite the mounting economic toll.
“It’s wrong, sensationally wrong to communicate that there is a kind of conflict with health and safety on one side and economic resumption,” said Domenico Arcuri, Italy’s extraordinary commissioner for the coronavirus emergency.
Arcuri told reporters Saturday that “without health, the (economic) revival will disappear in the batting of an eyelash.”
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2:04 Coronavirus outbreak: COVID-19 contact tracing app gains traction in Europe
Coronavirus outbreak: COVID-19 contact tracing app gains traction in Europe
The Italian government’s decree, shutting down nonessential industries and businesses, runs through May 3. Health experts are advising that any easing must be gradual in the country that’s seen the most deaths so far in Europe, with nearly 23,000 fatalities and over 172,000 known cases.
Some Asian nations that until recently appeared to have the outbreak under control, including Singapore and Japan, reported a fresh surge in cases Saturday.
Japan’s total case number rose above 10,000 on Saturday. Prime Minister Shinzo Abe expressed concern Friday that people were not observing social distancing and announced a 100,000-yen ($930) cash handout to each resident as an incentive to stay home.
Iran, hard hit by the virus and international sanctions, allowed some businesses in the capital and nearby towns to re-open Saturday after weeks of lockdown. Gyms, restaurants, shopping malls and Tehran’s grand bazaar will remain closed.
4:01 Coronavirus around the world: April 16, 2020
Coronavirus around the world: April 16, 2020
In Africa, one of the world’s poorest regions, the pandemic is only just getting underway. The continent has now recorded more than 1,000 coronavirus deaths, among them the Nigerian president’s chief of staff.
Top leaders of China’s ruling Communist Party called for deficit spending and a more flexible monetary policy after the economy shrank 6.8 per cent in the first three months of the year.
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France’s lower house of parliament approved an emergency budget overnight that takes into account the government’s 110 billion-euro ($120 billion) plan to save the economy from virus-related collapse. The government has warned that France’s economy, one of the world’s biggest, could shrink 8 per cent this year and see its worst recession since World War II.
South Korea’s health minister, Kim Gang-lip, said Saturday that new guidelines could be issued soon that officials have said would allow people to engage in “certain levels of economic and social activity.”
The East Asian country was among the 13 nations to issue the joint statement on protecting global trade. The declaration also stressed “the importance and critical role of the scientific community in providing guidance to governments.”
While most of those sickened by the virus recover, the outbreak has killed at least 154,000 people worldwide, according to a Johns Hopkins University tally based on figures supplied by government health authorities around the globe.
The number all but certainly underestimates the actual toll. Authorities said that almost everywhere, thousands have died with COVID-19 symptoms — many in nursing homes — without being tested for the virus, and have thus gone uncounted. In Britain, with an official count of about 14,600 dead, the country’s statistics agency said the actual number could be around 15 per cent higher.
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China on Saturday reported a nearly 40 per cent increase in its death toll to 4,632 victims, reflecting a major upward revision made the previous day by authorities in Wuhan, the nation’s hardest-hit city.
An Associated Press tally from news media reports and state health departments indicates 6,912 U.S. deaths have been linked to coronavirus outbreaks in nursing homes and long-term care facilities. The U.S. government has not been releasing a count.
The official death toll in the U.S. has topped 35,000, with more than 700,000 confirmed infections.
1:02 Cruise ship bookings on the rise despite COVID-19
Cruise ship bookings on the rise despite COVID-19
Protesters fed up with the economy-strangling restrictions have taken to the streets in several U.S. states. In Idaho, where the governor is a Republican, scores of protesters not wearing masks stood shoulder-to-shoulder Friday. Some carried signs claiming the coronavirus is a hoax.
“LIBERATE MINNESOTA!” “LIBERATE MICHIGAN!” “LIBERATE VIRGINIA, ” Trump said in a tweet-storm in which he also lashed out at New York Gov. Andrew Cuomo, a Democrat, for criticizing the federal response. Cuomo “should spend more time `doing’ and less time `complaining,”’ the president said.
Texas and Florida, which both have Republican governors, took first steps toward easing restrictions.
Texas Gov. Greg Abbott said stores could begin selling curbside, nonessential surgery could resume and state parks could reopen. In Florida, Gov. Ron DeSantis said municipalities could reopen beaches and parks if they could do so safely.
TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.
The S&P/TSX composite index closed up 93.51 points at 23,568.65.
In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.
The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.
The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.
The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.
This report by The Canadian Press was first published Sept. 13, 2024.
OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.
The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.
The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.
The personal and household goods subsector fell 2.5 per cent to $12.1 billion.
In volume terms, overall wholesale sales rose 0.5 per cent in July.
Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.
This report by The Canadian Press was first published Sept. 13, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 172.18 points at 23,383.35.
In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.
The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.
The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.
The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.
This report by The Canadian Press was first published Sept. 12, 2024.
