adplus-dvertising
Connect with us

Business

Everything you need to know about COVID-19 in Alberta on Saturday, Jan. 2 – CBC.ca

Published

 on


The latest:

  • An estimated 900 new cases of COVID-19 were reported on New Year’s Day in Alberta.
  • Dr. Deena Hinshaw, Alberta’s chief medical officer of health, tweeted Saturday that 12,700 laboratory tests had been recorded on Jan. 1 with a seven per cent positivity rate.
  • Siksika Nation received its first shipment of the Moderna COVID-19 vaccine, and began immunizing staff and residents at the Siksika Elders Lodge on Friday. 
  • After news of Municipal Affairs Minister Tracy Allard’s Hawaii vacation was revealed, Alberta Premier Jason Kenney took responsibility for not being clear about travel rules for members of the legislative assembly at a press conference on Friday.
  • By 2 p.m. MT on Saturday, a total of five UCP MLAs were confirmed to have left Canada for holiday vacations — Lesser Slake Lake MLA Pat Rehn, Red Deer-South MLA Jason Stephan, Calgary-Peigan MLA Tanya Fir, Calgary-Klein MLA Jeremy Nixon, and Minister Allard.

Municipal Affairs Mininster Tracy Allard announcing the COVID teams program on Dec. 15. (Paul Taillon/Office of the Premier)

  • A more complete COVID-19 update is next expected from the Alberta government on Jan. 4.
  • Albertans were told before the holidays to expect Twitter updates each day until Jan. 3. 
  • On Jan. 4, the province is expected to post more complete updates online.
  • Hinshaw is scheduled to hold her next news conference on Jan. 5.
  • In spite of the pandemic’s crippling effect on many local businesses, the City of Edmonton said it gave out 4,736 new business licenses between March 1 and Nov. 30 in 2020.
  • A health-care aide at an extended care facility in Red Deer, Alta., has been charged under the Federal Quarantine Act after allegedly failing to isolate after a trip to the United States.
  • On Thursday, Alberta became the first province to officially say the NHL can play games in its arenas for the upcoming season.
  • New rules requiring air travellers to test negative for COVID-19 before entering Canada will kick in on Jan. 7, Transport Minister Marc Garneau said Thursday.
  • The 2020 tax season will look different for many Albertans, financial experts say. For many, the pandemic changed their job situation, the source of their income and introduced unexpected expenses like medical or childcare.

  • Alberta’s total case count topped 100,000 on Wednesday as the province reported 18 more deaths for a total of 1,046 deaths. The average number of deaths per day has been trending sharply down since Dec. 27.
  • However, it took nearly nine months for Alberta to record its first 500 deaths; the next 500 came in just 34 days. Check out how it happened in this analysis.

More detail on what you need to know today in Alberta

Dr. Deena Hinshaw tweeted the latest estimated COVID-19 numbers on Saturday, saying there are roughly 900 new cases of the virus in the province, based on 12,700 tests, for a positivity rate of seven per cent.

300x250x1

Hinshaw’s next live update is scheduled for Jan. 5.

More than 100,000 Albertans have tested positive for COVID-19 over the course of the pandemic. 

Hinshaw said earlier in the week that declining case numbers are in part due to fewer tests, and hospitalizations and the positivity rate have remained high. 

As of Wednesday, there were 921 people in hospital, including 152 in intensive care, and another 18 people had died for a total of 1,046 deaths.

Click on the map below to zoom in or out on specific local geographic areas in Alberta and find out more about COVID-19 there:

Here is the detailed regional breakdown of active cases as per the latest update on Wednesday.

  • Calgary zone: 5,129, down from 5,244 reported on Tuesday (33,152 recovered).
  • Edmonton zone: 6,624, down from 6,701 (36,165 recovered).
  • North zone: 1,031, down from 1,034 (5,752 recovered).
  • South zone: 296, down from 302 (4,629 recovered). 
  • Central zone: 1,430 down from 1,466 (4,995 recovered).
  • Unknown: 45, up from 38 (134 recovered).

Find out which neighbourhoods or communities have the most cases, how hard people of different ages have been hit, the ages of people in hospital, how Alberta compares to other provinces and more in: Here are the latest COVID-19 statistics for Alberta — and what they mean


The first immunizations were distributed at Siksika First Nation on Friday after the Moderna COVID-19 vaccine arrived on the reserve on Dec. 31.

The nation’s first dose went to its oldest resident, Virginia Medicine Traveller, 94, Siksika Health Services said on Facebook.

Health workers on the First Nation, which is about 100 kilometres east of Calgary, announced on New Year’s Eve that they would begin immunizing residents and staff at the Siksika Elders Lodge on Friday at 1 p.m.

The care facility for Siksika elders was among those prioritized by the province to receive the vaccine as it provides continuing care for seniors.

“We are pleased to see that a safe and effective vaccine has been developed so quickly and made available to our most vulnerable nation members and their care providers,” Nioksskaistamik Ouray Crowfoot, chief of Siksika First Nation, was quoted as saying in a press release.

“Our health services continue to plan for a staged roll-out of additional vaccine to other priority groups in the near future.”


Calgary-Peigan MLA Tanya Fir, left, said on social media Friday night that she had also recently been to the United States visiting her sister. CBC News confirmed on Friday that Calgary-Klein MLA Jeremy Nixon, right, was also in Hawaii over the holidays. (UCP)

The total number of UCP MLAs confirmed to have left Canada for holiday vacations abroad has increased to five by Saturday afternoon.

On Friday, Alberta Premier Jason Kenney held a press conference and ordered MLAs not to leave the country unless it’s for government business after news that Municipal Affairs Minister Tracy Allard had travelled to Hawaii for vacation.

Allard apologized, calling the trip a “lapse in judgment.” 

CBC News then confirmed that Calgary-Klein MLA Jeremy Nixon was also in Hawaii over the holidays. It is not clear when he left or whether he has returned.

Calgary-Peigan MLA Tanya Fir said on social media Friday night that she had recently been to the United States visiting her sister. In a Facebook post, she said that she has since returned and will abide by the new travel directive.

Pat Rehn, the MLA for Lesser Slave Lake, posted a statement on Facebook Saturday confirming he is on his way back to Alberta from a trip to Mexico.

Jason Stephan, MLA for Red Deer-South, is also returning from a trip abroad, Kenney’s press secretary Christine Myatt confirmed by email Saturday.

“MLA Stephan travelled to the United States and has indicated that he is returning to Alberta in line with the Premier’s directive,” she said.

 To limit the spread of COVID-19, the Alberta government advises against non-essential travel on its travel restrictions page.


Ran Huget and Elisa Zenari, co-owners of Dalla Zenari in the Kelly Building downtown, opened Dec. 1, two weeks before the latest shutdown which includes in-house dining. (Nathan Gross/CBC)

Entrepreneurs in Edmonton have found a way to open new businesses during the COVID-19 pandemic — thousands of them — despite the toll the pandemic has had on the economy and the restrictions faced in many industries. 

A range of new businesses have opened since February, from tattoo studios to online marketing companies, as well as cafes and restaurants. 

The City of Edmonton said it gave out 4,736 new business licenses between March 1 and Nov. 30 in 2020.

It’s difficult to say whether all of these were first-time applicants, as the city doesn’t collect that information, a spokesperson told CBC News in an email. 

A total of 23,462 business licenses in Edmonton, including renewals, were approved in the same timeframe.

Although food establishments make up a large number of visible new businesses in Edmonton, a range of industries had new startups.


Elias Lindholm #28 of the Calgary Flames scores a goal on Mike Smith #41 of the Edmonton Oilers during the second period in an exhibition game on July 28. (Jeff Vinnick/Getty Images)

Alberta is the first province to officially say the NHL can play games in its arenas for the upcoming season.

In a statement to The Canadian Press on Thursday, the Alberta government said it approved Edmonton and Calgary for competition on Dec. 25 following the review of protocols outlined in the league’s return-to-play plan, along with some additional enhancements.

That confirmation is the first from any of the five provinces with NHL teams since deputy commissioner Bill Daly stated on Dec. 24 that the league believes it can play games in all seven Canadian markets.

The Canadian teams will only play each other during the regular season and the first two rounds of the playoffs as part of a newly formed North Division, and won’t be crossing the border with the United States, which remains closed to non-essential travel because of the COVID-19 pandemic.


As of Wednesday, 11,102 doses of COVID-19 vaccine have been administered in Alberta, Hinshaw tweeted Thursday, although she didn’t say how many were people who had received two doses of the Pfizer-BioNTech vaccine that requires two doses to be effective.

Kenney had estimated Tuesday that 7,000 Albertans would have been vaccinated by the end of day, far short of the government’s pledge to vaccinate 29,000 health-care workers by the end of December.

Kenney said  Alberta Health Services (AHS) had been holding back some vaccines for a second dose but would move forward to vaccinate as many people as possible to catch up, including scheduling vaccinations on New Year’s Day. Retired nurses and students were also being brought in to help speed up the rate of vaccinations.


How did things go so wrong, so quickly in Alberta? It’s all about exponential growth, notes CBC investigative journalist Robson Fletcher. 

Early on in 2020, Alberta was getting accustomed to looking across the country and feeling pride in its successful pandemic response, but now the province finds itself in uncharted territory. After keeping the disease relatively at bay for months, deferred decisions late in the year led to an unprecedented amount of illness and death.

In the spring, the province boasted about its low hospitalization rate, its nation-leading testing and how it had quadrupled its ranks of contact tracers.

Come winter, Alberta had the highest hospitalization rate in the country and test-positivity rates that were nearing 10 per cent. Thousands of people were told to do their own contact tracing after the provincial system was overwhelmed.

Medical experts and mathematicians tried to sound the alarm nearly two months ago about the trajectory the province was on. But the government was reluctant to impose new restrictions on Albertans’ liberties and economic activity. It rebuffed repeated calls for stricter public-health measures — for a time.

Meanwhile, the exponential growth continued unabated, with the number of new daily cases doubling every two to three weeks. Whether in response to the physicians’ warnings, or the fact that new case numbers were approaching the psychological barrier of 2,000 per day, the government eventually did act.

But by that time, the hospitalizations and deaths the province is now experiencing had been essentially baked in. Daily case counts have mercifully started to ebb, but the glut of disease that built up weeks ago is still filling more hospital beds and claiming more lives than Alberta has seen at any other point in the pandemic.

Remembering some of the Albertans who have been identified as killed by COVID-19:


Going through a pregnancy during the isolation of the pandemic has been emotionally and physically exhausting for many Alberta women.

And nearly 10 months after Alberta’s first presumptive COVID-19 case was confirmed, mothers across the province are giving birth to what some have dubbed the coronial generation.

(Kennedy Amyotte/Facebook)

Kennedy Amyotte’s first-born child will open her eyes to the world and see her mother’s face behind a mask.

For Amyotte, pregnancy during the isolation of the pandemic has been emotionally and physically exhausting. She spent weeks in quarantine following a COVID-19 diagnosis last month and wonders how she and her husband, Shane Flamond, will navigate parenthood in the uncertain months ahead.

Amyotte expects to tell her daughter about it someday, years down the road.  


A passenger sits at the Calgary Airport on Oct. 30 amid a worldwide COVID-19 pandemic. As of Thursday, the province said 14,382 travellers had taken tests in a pilot project for international travellers at the Calgary airport. (Jeff McIntosh/The Canadian Press)

The winter holidays are usually the busiest season for air travel. But this year, about 80 per cent fewer travellers will pass through the doors of the Calgary International Airport in late December, according to the airport authority’s spokesperson.

About 50,000 travellers take off from or land at Calgary International Airport per day during the holiday season in an average year, said Reid Feist, spokesperson for the Calgary Airport Authority.

But this year, the holidays fall amid the second wave of the COVID-19 pandemic, and many jurisdictions have discouraged all non-essential to prevent further spread of the illness. As a result, the airport authority predicted that only about 10,000 travellers would go through the Calgary airport “for the period before Christmas all the way through New Year’s,” said Feist.

“For those who have to travel for essential travel reasons, the airport remains open. And of course, our focus is on everyone’s safety as they move through the airport or arrive at the airport,” he said.

The Calgary airport is facing a $67-million deficit this year thanks to the unprecedented drop in demand for air travel caused by the COVID-19 pandemic.



Alberta Finance Minister Travis Toews says the goal in 2021 is to get vaccines out and put the COVID-19 pandemic in the rear-view mirror, then work to fix a battered and beleaguered economy.

But with a $21-billion deficit and Alberta’s oil and gas economy still in flux, where’s the money going to come from?

“We will not cut our way out of a $21-billion deficit,” Toews said in a year-end interview with The Canadian Press. “We have to get the economy growing again. And economic recovery will very quickly become job No. 1 as we start to get past the pandemic.”

Finance Minister Travis Toews said economic recovery will be a top priority for the province in 2021 after pandemic recovery. (Trevor Wilson/CBC )

At the start of 2020, Kenney’s United Conservative government was busy trying to resuscitate an already suffering economy only to see COVID-19 blow everything apart and take with it Kenney’s key election promise to balance the deficit in his first term.

That goal is now a distant memory with a projected budget deficit this year tripling an original forecast of $6.8 billion. COVID-19 has slashed demand for energy, shuttered businesses and necessitated relief aid and job supports to keep people going.

  • For the latest on what’s happening in the rest of Canada and around the world on Thursday, see here.

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Business

Why the Bank of Canada decided to hold interest rates in April – Financial Post

Published

 on


Article content

Divisions within the Bank of Canada over the timing of a much-anticipated cut to its key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face of stronger domestic demand — or even pick up again in the event of “new surprises.”

“Some members emphasized that, with the economy performing well, the risk had diminished that restrictive monetary policy would slow the economy more than necessary to return inflation to target,” according to a summary of deliberations for the April 10 rate decision that were published Wednesday. “They felt more reassurance was needed to reduce the risk that the downward progress on core inflation would stall, and to avoid jeopardizing the progress made thus far.”

Article content

300x250x1

Others argued that there were additional risks from keeping monetary policy too tight in light of progress already made to tame inflation, which had come down “significantly” across most goods and services.

Some pointed out that the distribution of inflation rates across components of the consumer price index had approached normal, despite outsized price increases and decreases in certain components.

“Coupled with indicators that the economy was in excess supply and with a base case projection showing the output gap starting to close only next year, they felt there was a risk of keeping monetary policy more restrictive than needed.”

In the end, though, the central bankers agreed to hold the rate at five per cent because inflation remained too high and there were still upside risks to the outlook, albeit “less acute” than in the past couple of years.

Despite the “diversity of views” about when conditions will warrant cutting the interest rate, central bank officials agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target, according to the summary of deliberations.

Article content

They considered a number of potential risks to the outlook for economic growth and inflation, including housing and immigration, according to summary of deliberations.

The central bankers discussed the risk that housing market activity could accelerate and further boost shelter prices and acknowledged that easing monetary policy could increase the likelihood of this risk materializing. They concluded that their focus on measures such as CPI-trim, which strips out extreme movements in price changes, allowed them to effectively look through mortgage interest costs while capturing other shelter prices such as rent that are more reflective of supply and demand in housing.

Recommended from Editorial

  1. Bank of Canada governor Tiff Macklem during a news conference in Ottawa.

    BoC ‘committed to finishing the job’ on inflation:‘ Macklem

  2. Bank of Canada governor Tiff Macklem at a press conference in Ottawa.

    Time for Macklem to turn before it’s too late

  3. Canada's inflation rate picked up slightly in March, but the consumer price index (CPI) release suggested that core inflation continued to slow.

    ‘Welcome news’ on inflation raises odds of rate cut

They also agreed to keep a close eye on immigration in the coming quarters due to uncertainty around recent announcements by the federal government.

“The projection incorporated continued strong population growth in the first half of 2024 followed by much softer growth, in line with the federal government’s target for reducing the share of non-permanent residents,” the summary said. “But details of how these plans will be implemented had not been announced. Governing council recognized that there was some uncertainty about future population growth and agreed it would be important to update the population forecast each quarter.”

• Email: bshecter@nationalpost.com

Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here.

Share this article in your social network

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

Meta shares sink after it reveals spending plans – BBC.com

Published

 on


Woman looks at phone in front of Facebook image - stock shot.

Shares in US tech giant Meta have sunk in US after-hours trading despite better-than-expected earnings.

The Facebook and Instagram owner said expenses would be higher this year as it spends heavily on artificial intelligence (AI).

Its shares fell more than 15% after it said it expected to spend billions of dollars more than it had previously predicted in 2024.

300x250x1

Meta has been updating its ad-buying products with AI tools to boost earnings growth.

It has also been introducing more AI features on its social media platforms such as chat assistants.

The firm said it now expected to spend between $35bn and $40bn, (£28bn-32bn) in 2024, up from an earlier prediction of $30-$37bn.

Its shares fell despite it beating expectations on its earnings.

First quarter revenue rose 27% to $36.46bn, while analysts had expected earnings of $36.16bn.

Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said its spending plans were “aggressive”.

She said Meta’s “substantial investment” in AI has helped it get people to spend time on its platforms, so advertisers are willing to spend more money “in a time when digital advertising uncertainty remains rife”.

More than 50 countries are due to have elections this year, she said, “which hugely increases uncertainty” and can spook advertisers.

She added that Meta’s “fortunes are probably also being bolstered by TikTok’s uncertain future in the US”.

Meta’s rival has said it will fight an “unconstitutional” law that could result in TikTok being sold or banned in the US.

President Biden has signed into law a bill which gives the social media platform’s Chinese owner, ByteDance, nine months to sell off the app or it will be blocked in the US.

Ms Lund-Yates said that “looking further ahead, the biggest risk [for Meta] remains regulatory”.

Last year, Meta was fined €1.2bn (£1bn) by Ireland’s data authorities for mishandling people’s data when transferring it between Europe and the US.

And in February of this year, Meta chief executive Mark Zuckerberg faced blistering criticism from US lawmakers and was pushed to apologise to families of victims of child sexual exploitation.

Ms Lund-Yates added that the firm has “more than enough resources to throw at legal challenges, but that doesn’t rule out the risks of ups and downs in market sentiment”.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

Oil Firms Doubtful Trans Mountain Pipeline Will Start Full Service by May 1st

Published

 on

 

Pipeline

Oil companies planning to ship crude on the expanded Trans Mountain pipeline in Canada are concerned that the project may not begin full service on May 1 but they would be nevertheless obligated to pay tolls from that date.

300x250x1

In a letter to the Canada Energy Regulator (CER), Suncor Energy and other shippers including BP and Marathon Petroleum have expressed doubts that Trans Mountain will start full service on May 1, as previously communicated, Reuters reports.

Trans Mountain Corporation, the government-owned entity that completed the pipeline construction, told Reuters in an email that line fill on the expanded pipeline would be completed in early May.

After a series of delays, cost overruns, and legal challenges, the expanded Trans Mountain oil pipeline will open for business on May 1, the company said early this month.

“The Commencement Date for commercial operation of the expanded system will be May 1, 2024. Trans Mountain anticipates providing service for all contracted volumes in the month of May,” Trans Mountain Corporation said in early April.

The expanded pipeline will triple the capacity of the original pipeline to 890,000 barrels per day (bpd) from 300,000 bpd to carry crude from Alberta’s oil sands to British Columbia on the Pacific Coast.  

The Federal Government of Canada bought the Trans Mountain Pipeline Expansion (TMX) from Kinder Morgan back in 2018, together with related pipeline and terminal assets. That cost the federal government $3.3 billion (C$4.5 billion) at the time. Since then, the costs for the expansion of the pipeline have quadrupled to nearly $23 billion (C$30.9 billion).

The expansion project has faced continuous delays over the years. In one of the latest roadblocks in December, the Canadian regulator denied a variance request from the project developer to move a small section of the pipeline due to challenging drilling conditions.

The company asked the regulator to reconsider its decision, and received on January 12 a conditional approval, avoiding what could have been another two-year delay to start-up.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Trending