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COVID-19 case count shoots past 200 in the Thunder Bay district – Tbnewswatch.com

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THUNDER BAY — Updated COVID-19 statistics released Wednesday by the Thunder Bay District Health Unit show why TBDHU issued a notice the day before about a surge in cases.

It reported 69 new cases, bringing the caseload to 215, the highest since March 31, 2021.

However, the health unit said there was only one additional case requiring hospital admission.

Four district residents are currently receiving treatment for COVID-19 in hospital, and none are in the ICU.

Among the new cases, 12 are due to household contact, 17 to other close contact, and five are the result of travel outside Northwestern Ontario.

The remaining cases are either under investigation or have no known exposure source.

All but two of the 67 new cases involve residents of the city or immediate surrounding area.

The others are in district communities.

Ontario reported more than 10,400 new COVID-19 cases on Wednesday.

Technically, this sets a record for cases in a single day.

However, because of the scarcity of tests, officials say there is almost certainly a significant undercount.

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Imperial to cut prices in NWT community after low river prevented resupply by barges

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NORMAN WELLS, N.W.T. – Imperial Oil says it will temporarily reduce its fuel prices in a Northwest Territories community that has seen costs skyrocket due to low water on the Mackenzie River forcing the cancellation of the summer barge resupply season.

Imperial says in a Facebook post it will cut the air transportation portion that’s included in its wholesale price in Norman Wells for diesel fuel, or heating oil, from $3.38 per litre to $1.69 per litre, starting Tuesday.

The air transportation increase, it further states, will be implemented over a longer period.

It says Imperial is closely monitoring how much fuel needs to be airlifted to the Norman Wells area to prevent runouts until the winter road season begins and supplies can be replenished.

Gasoline and heating fuel prices approached $5 a litre at the start of this month.

Norman Wells’ town council declared a local emergency on humanitarian grounds last week as some of its 700 residents said they were facing monthly fuel bills coming to more than $5,000.

“The wholesale price increase that Imperial has applied is strictly to cover the air transportation costs. There is no Imperial profit margin included on the wholesale price. Imperial does not set prices at the retail level,” Imperial’s statement on Monday said.

The statement further said Imperial is working closely with the Northwest Territories government on ways to help residents in the near term.

“Imperial Oil’s decision to lower the price of home heating fuel offers immediate relief to residents facing financial pressures. This step reflects a swift response by Imperial Oil to discussions with the GNWT and will help ease short-term financial burdens on residents,” Caroline Wawzonek, Deputy Premier and Minister of Finance and Infrastructure, said in a news release Monday.

Wawzonek also noted the Territories government has supported the community with implementation of a fund supporting businesses and communities impacted by barge cancellations. She said there have also been increases to the Senior Home Heating Subsidy in Norman Wells, and continued support for heating costs for eligible Income Assistance recipients.

Additionally, she said the government has donated $150,000 to the Norman Wells food bank.

In its declaration of a state of emergency, the town said the mayor and council recognized the recent hike in fuel prices has strained household budgets, raised transportation costs, and affected local businesses.

It added that for the next three months, water and sewer service fees will be waived for all residents and businesses.

This report by The Canadian Press was first published Oct. 21, 2024.

The Canadian Press. All rights reserved.

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U.S. vote has Canadian business leaders worried about protectionist policies: KPMG

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TORONTO – A new report says many Canadian business leaders are worried about economic uncertainties related to the looming U.S. election.

The survey by KPMG in Canada of 735 small- and medium-sized businesses says 87 per cent fear the Canadian economy could become “collateral damage” from American protectionist policies that lead to less favourable trade deals and increased tariffs

It says that due to those concerns, 85 per cent of business leaders in Canada polled are reviewing their business strategies to prepare for a change in leadership.

The concerns are primarily being felt by larger Canadian companies and sectors that are highly integrated with the U.S. economy, such as manufacturing, automotive, transportation and warehousing, energy and natural resources, as well as technology, media and telecommunications.

Shaira Nanji, a KPMG Law partner in its tax practice, says the prospect of further changes to economic and trade policies in the U.S. means some Canadian firms will need to look for ways to mitigate added costs and take advantage of potential trade relief provisions to remain competitive.

Both presidential candidates have campaigned on protectionist policies that could cause uncertainty for Canadian trade, and whoever takes the White House will be in charge during the review of the United States-Mexico-Canada Agreement in 2026.

This report by The Canadian Press was first published Oct. 22, 2024.

The Canadian Press. All rights reserved.

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Thomson Reuters acquires AI accounting assistant developer Materia

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TORONTO – Thomson Reuters Corp. says it has acquired Materia, a U.S.-based startup developing an artificial intelligence-powered assistant for the tax, audit and accounting profession.

Financial terms of the deal were not immediately available.

Thomson Reuters says the deal is part of its plan to provide AI tools to the professions it serves.

Materia was founded in 2022.

The company’s AI assistant helps accountants by automating and improving research and workflows.

Thomson Reuters Ventures was an early investor in Materia.

This report by The Canadian Press was first published Oct. 22, 2024.

Companies in this story: (TSX:TRI)

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