Parents and children wanting to know when COVID-19 vaccines could roll out to Canada’s youngest people recently got a glimpse at the answers.
Dr. Supriya Sharma, Health Canada’s chief medical adviser, said it is “likely that Pfizer, if all the data is fine, may be the first” vaccine that children and teens could receive.
Pfizer and BioNTech said in a media release on Wednesday that their COVID-19 vaccine, BNT162b2, is safe with “demonstrated 100 per cent efficacy” in preventing the disease in teens aged 12 to 15.
The data hasn’t been peer reviewed or scrutinized by regulators like the U.S. Food and Drug Administration and Health Canada.
In the trial of 2,260 adolescents, there were 18 cases of COVID-19 in the group that got a placebo shot and none among those who received the vaccine.
Side-effects were similar to those reported in clinical trials in adults, such as pain at the injection site, headaches, fever and fatigue.
Sharma said Health Canada will review Pfizer-BioNTech’s COVID-19 vaccine data on younger teens “in a couple of weeks.” Full data, including on children aged six to 12, is expected in months.
Any approvals will only come after the regulator checks the data for safety, efficacy and quality.
Pfizer’s vaccine has been cleared for people as young as 16 in Canada.
Dr. Noni MacDonald, a pediatric infectious diseases specialist at Dalhousie University in Halifax who researches vaccine safety, said Pfizer’s research is a “bridging study.”
In a bridging study, researchers check if antibody and cell-based immune responses are equivalent to what’s seen in adults. For Pfizer, they were.
“The results are really very encouraging,” MacDonald said.
Protection for all Canadians
Moderna is also conducting a clinical trial in Canada for children aged five to 11. The results are expected early in 2022. The company also launched a trial in those aged six months to less than 12 in the U.S. in March.
AstraZeneca launched in similar trial in February.
But it’s only when vaccines roll out in the real world to children with diabetes, heart disease and other underlying conditions that answers on effectiveness will be clearer.
“We want to protect everybody in our community, even those who cannot be immunized or will not respond to the vaccine,” MacDonald said. “To do that, we need children, we need teenagers, we need young adults, we need middle-aged adults and we need older people.”
Alyson Kelvin, an assistant professor at Dalhousie working on COVID-19 vaccines at the VIDO lab in Saskatoon, said she’s excited about how the vaccines could help children return to school and sports.
“Children can be infected with the virus and pass on the virus,” Kelvin said. “Even though we might not see clinical disease in kids or the clinical disease might not be as severe as in adults, it’s really important that children are not able to be part of the transmission chain.”
MacDonald hopes vaccines could be ready for younger teens by September, in time for mass immunization programs in school.
Canadian Business During the Pandemic
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,”
“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.
Shopify shares edge up after falling on executive departures
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)
Almost half of Shopify’s top execs to depart company: CEO
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)
Factbox-Latest on the worldwide spread of the coronavirus
New Zealand says ‘uncomfortable’ with expanding Five Eyes
Australia to hold inquiry to examine military suicides
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Europe kicks off vaccination programs | All media content | DW | 27.12.2020 – Deutsche Welle
News16 hours ago
Canadian police refuse provincial order to make random stops amid COVID-19 surge
Health16 hours ago
Canada has second case of rare blood clots after AstraZeneca vaccin
News16 hours ago
Canada to set aside C$12 billion to extend main pandemic supports in budget – newspaper
Media16 hours ago
‘Godzilla vs. Kong’ Tops Box Office Again, Crosses $80 Million in the U.S.
News16 hours ago
Canada’s immigration initiative for Hong Kong residents receives over 500 applications early on
Sports15 hours ago
UEFA threaten to ban breakaway clubs from all competitions
News15 hours ago
Livid Russia expels 20 Czechs after blast blamed on Skripal suspects
Sports16 hours ago
Netherlands and Poland seal narrow Billie Jean King Cup playoff wins