People who have received the full course of COVID-19 vaccines can skip the standard 14-day quarantine after exposure to someone with the infection as long as they remain asymptomatic and meet certain criteria, U.S. public health officials advised.
The U.S. Centers for Disease Control and Prevention (CDC) said on Wednesday the vaccines have been shown to prevent symptomatic COVID-19, thought to play a greater role in the transmission of the virus than asymptomatic disease.
“Individual and societal benefits of avoiding unnecessary quarantine may outweigh the potential but unknown risk of transmission (among vaccinated individuals),” the CDC said.
The agency has laid down strict criteria for people who would no longer have to quarantine after the vaccinations, including having received both doses of a two-dose vaccine.
People who choose not to quarantine should do so only if they received their last dose within three months, the CDC document said. It also said the guidance around quarantine applied to people who are “fully vaccinated,” referring to people who are more than two weeks out from their final dose.
Fully vaccinated persons who do not quarantine should still watch for symptoms for 14 days following an exposure.
Two-dose vaccines from Pfizer Inc. and Moderna Inc. have been authorized for emergency use in the United States. Johnson & Johnson applied for a U.S. authorization of its single-dose shot last week.
The CDC also noted people who have been vaccinated should, “Continue to follow current guidance to protect themselves and others,” including wearing a mask, maintaining physical distancing, avoiding crowds, avoiding poorly ventilated spaces, washing hands often and adhering to local public health guidelines.
-From Reuters and CBC News, last updated at 8:35 a.m. ET
What’s happening in Canada
WATCH | Manitoba First Nations leaders aim to build trust with COVID-19 vaccine clinics:
First Nations leaders in southern Manitoba are hoping to build trust in the COVID-19 vaccines through pop-up clinics in larger communities, while the Canadian Forces help remote communities manage outbreaks. 1:57
As of 2:30 p.m. ET on Thursday, Canada had reported 816,250 cases of COVID-19 — with 37,978 cases considered active. A CBC News tally of deaths stood at 21,063.
Ontario reported 945 new cases of COVID-19 on Thursday, though health officials noted that case counts from Toronto had been underreported due to an ongoing data migration. The province reported 18 additional deaths, bringing the provincial death toll to 6,614.
Ontario is reporting 945 cases of <a href=”https://twitter.com/hashtag/COVID19?src=hash&ref_src=twsrc%5Etfw”>#COVID19</a> and over 68,800 tests completed. Locally, there are 258 new cases in Peel, 116 in York Region and 112 in Toronto. <br> <br>As of 8:00 p.m. yesterday, 426,836 doses of the COVID-19 vaccine have been administered.
Hospitalizations in Ontario stood at 883, with 299 people listed as being in the province’s intensive care units.
The province announced in an afternoon briefing that it is delaying March Break until April 12. The school break had been scheduled for the week of March 15.
In Quebec, health officials reported 1,121 new cases of COVID-19 and 37 additional deaths on Thursday. Hospitalizations stood at 874, with 143 COVID-19 patients in intensive care, according to an update posted to a provincial site.
Newfoundland and Labrador reported 100 new cases of COVID-19 on Thursday, another record after it reported 53 new cases and 32 presumptive cases on Wednesday.
The province was set to head to the polls on Saturday for a provincial election, but voters in 18 districts will face a delay amid concerns over COVID-19.
Officials announced new restrictions on Wednesday in a bid to get the spread of the virus under control, including a move to online learning for all schools in the St. John’s area for two weeks, as well as the suspension of all group and team sports across the province.
WATCH | How variants impact COVID-19 in New Brunswick:
Comparing COVID-19 to a thief trying to get into your home, infectious disease specialist Dr. Gordon Dow explains how to fight the spread of the virus in the province. 5:20
In Atlantic Canada, New Brunswick health officials reported two new cases of COVID-19 and one new death on Thursday as health experts took questions about COVID-19 variants. Nova Scotia also reported two new cases on Thursday.
There were no new cases reported in Prince Edward Island on Wednesday.
In the Prairie provinces, Manitoba on Thursday announced it had made a deal to buy two million doses of a Canadian-made vaccine, pending approval by Health Canada. The province reported 90 new cases and three new deaths.
WATCH | Manitoba buys made-in-Canada vaccine:
Manitoba Premier Brian Pallister, clearly frustrated by a lack of COVID-19 vaccines from Ottawa, is buying two million doses of vaccine from Canada’s Providence Therapeutics. Pallister expects delivery later this year, depending on federal approval. 1:30
Saskatchewan reported 180 new cases and two additional deaths on Wednesday, while Alberta reported 339 new cases and six additional deaths.
Across the North, Nunavut reported three new cases of COVID-19 on Thursday. No new cases were reported in Yukon or the Northwest Territories on Wednesday.
WATCH | Yukon enjoys COVID-free moment:
Yukon Premier Sandy Silver says the territory has seen no new cases of the coronavirus for four weeks and he promised booster shots for everyone who has received a first vaccination. 1:16
Here’s a look at what else is happening across the country:
-From CBC News and The Canadian Press, last updated at 2:30 p.m. ET
What’s happening around the world
A health worker prepares to take swab samples in a portable cabin of a mobile laboratory for conducting COVID-19 tests in Mumbai. (Indranil Mukherjee/AFP/Getty Images)
As of early Thursday morning, more than 107.3 million cases of COVID-19 had been reported worldwide, with more than 60 million of those cases listed as recovered or resolved in a tracking tool maintained by Johns Hopkins University. The global death toll stood at more than 2.3 million.
In the Americas, Argentina surpassed two million COVID-19 infections on Wednesday, health officials said, as the country scrambles to ramp up a vaccination program ahead of the fast-approaching southern hemisphere autumn.
Health-care workers test teachers and school workers for COVID-19 at the exposition centre La Rural before the reopening of schools, in Buenos Aires, Argentina. (Matias Baglietto/Reuters)
In Mexico, a deputy foreign minister said that 2 million doses of China’s CanSino vaccine had arrived in the country.
In the U.S., the number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.
Meanwhile, federal authorities are investigating a massive counterfeit N95 mask operation in which fake 3M masks were sold in at least five states to hospitals, medical facilities and government agencies. The foreign-made knock-offs are becoming increasingly difficult to spot and could put health-care workers at grave risk for the coronavirus.
These masks are giving first responders “a false sense of security,” said Steve Francis, assistant director for global trade investigations with the Homeland Security Department’s principal investigative arm. Officials could not name the states or the company involved because of the active investigation.
Nearly a year into the pandemic, fraud remains a major problem as scammers seek to exploit hospitals and desperate and weary Americans. Federal investigators say they have seen an increase in phony websites purporting to sell vaccines as well as fake medicine produced overseas, and scams involving personal protective equipment. The schemes deliver phony products, unlike fraud earlier in the pandemic that focused more on fleecing customers.
The Africa Centers for Disease Control and Prevention director said African countries that have not found cases of the coronavirus variant dominant in South Africa should go ahead and use the AstraZeneca vaccine.
John Nkengasong spoke to reporters a day after South Africa announced major changes to its vaccination rollout plan, citing a small study that suggested it was poor at preventing mild to moderate disease caused by the variant.
Nkengasong said just seven countries on the 54-nation African continent have reported the variant and none besides South Africa is being “overwhelmed” by the variant. None has expressed concerns about the AstraZeneca vaccine except for South Africa. Africa has had more than 96,000 confirmed deaths.
Pfizer, meanwhile, said it could deliver its vaccine, which requires ultra-cold temperatures for storage and distribution, directly to points of vaccination in South Africa.
In the Asia-Pacific region, Thailand announced plans to inoculate 1 million of its most vulnerable people by May and start mass vaccinations in June, with the aim of administering 10 million doses a month.
The Philippines is set to receive 600,000 doses this month of Sinovac Biotech’s vaccine donated by China, a portion of which will be used to inoculate military personnel, a senior government official said.
A man waits in a reception area as he takes part in a vaccination mock drill at the COVID-19 vaccination centre earlier this week in Seoul. South Korea conducted the drill ahead of the vaccination of the whole nation starting this month. (Kim Hong-Ji/Getty Images)
South Korea has reported 504 new coronavirus cases for the latest 24-hour period. It is the highest daily jump in about two weeks and raising worries about a potential surge as the country begins the Lunar New Year’s holidays.
Health officials said Thursday the newly reported cases took the country’s total for the pandemic to 82,434, with 1,496 deaths related to COVID-19. In recent weeks, South Korea’s caseload has displayed a gradual downward trajectory largely thanks to stringent distancing rules such as a ban on social gatherings of five or more people.
Officials have urged the public to maintain vigilance and stay at home during the four-day Lunar New Year’s holidays that began Thursday. Millions of people were expected to travel across the country to visit hometowns and return home during the holidays.
In the Middle East, Israel began reopening its education system on Thursday after a more than six-week closure due to the country’s worrying surge in coronavirus infections. Kindergartens and Grades 1 to 4 opened in cities with low infection rates, with around one-fifth of the country’s pupils returning to classrooms. Middle schools and high schools remained closed.
WATCH | Suppression of novel coronavirus important to stop mutations, says WHO Europe director:
The world must reduce transmission of the coronavirus to stop mutations that can affect vaccine efficacy, says Dr. Hans Henri P. Kluge, Europe’s regional director for the World Health Organization. (NEXU Science Communication/REUTERS) 0:55
In Europe, Chancellor Angela Merkel said Germany didn’t act quickly enough last fall to prevent a second surge in coronavirus infections.
“We didn’t shut down public life early enough or systematically enough amid signs of a second wave and warnings from various scientists,” she told lawmakers Thursday. Merkel and the governors of Germany’s 16 states agreed late Wednesday to extend the current lockdown, which was due to expire Sunday, until at least March 7. Schools and hairdressers will be able to open earlier, albeit with strict hygiene measures.
Merkel defended a decision to set a target of pushing the number of new weekly cases per 100,000 inhabitants below 35 before the lockdown is eased further.
“The virus doesn’t follow dates, the virus follows infection numbers,” she said. A vaccination program offered hope for the coming months, said Merkel, before noting that she understands people’s disappointment with the rollout, which is far slower than in Britain, Israel and the United States.
To avoid a third wave of infections, however, a little more patience is required. “I don’t think that the back and forth — opening up then closing down again — brings more predictability for people than waiting a few days longer,” said Merkel.
Germany’s disease control agency said there were just over 64 cases per 100,000 inhabitants nationwide in the past week. The Robert Koch Institute said there were 10,237 new cases and 666 deaths in the past day, taking the total cases to 2.31 million, including 63,635 deaths.
-From The Associated Press and Reuters, last updated at 10:55 a.m. ET
TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.
Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.
Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).
SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.
The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.
WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.
SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.
SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.
SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.
Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.
“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.
“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”
Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.
On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.
These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.
If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.
However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.
He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.
“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.
Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.
The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.
Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.
Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.
Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.
Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”
In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.
“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.
This report by The Canadian Press was first published Nov. 12, 2024.
TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.
The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.
RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
This report by The Canadian Press was first published Nov. 12, 2024.
