Connect with us

Business

Federal government now searching for Johnson and Johnson vaccine after donating 10 million doses in summer – National Post

Published

 on


Alberta and Saskatchewan have both asked for J&J doses to reach vaccine hesitant people who don’t want to take mRNA vaccines

Article content

OTTAWA – The federal government said it donated a contract for ten million doses of Johnson & Johnson’s COVID-19 vaccine earlier this year after getting a clear sign from provinces that they weren’t interested in the vaccine.

Advertisement

Article content

But now, faced with a small number of vaccine hesitant individuals waiting for the shot, the government is searching for J&J doses.

One senior government official who spoke to the National Post on the condition they not be named, said they focused on Pfizer and Moderna deliveries because that was what provinces and the public were looking for.

“Provinces and territories told us they didn’t want Johnson & Johnson,” they said.

On August 12, the government announced Canada’s 10 million-dose order of Johnson & Johnson vaccines would be donated to COVAX, an international group pushing to vaccinate the developing world. The source said that donation was made with the provinces’ consent but stressed the provinces were just adapting to a changing situation.

Advertisement

Article content

“They are allowed to change their mind.”

Johnson & Johnson has not yet delivered on that shipment, so it might be possible to get some of the COVAX doses diverted to Canada when the delivery comes through, but the government is also looking elsewhere.

  1. A Johnson & Johnson Janssen COVID-19 vaccine.

    Not everyone wants a Pfizer or Moderna COVID vaccine. So offer them something else

  2. Canada on March 5, 2021 authorized a fourth Covid-19 vaccine, adding Johnson & Johnson to its approved list alongside AstraZeneca, Pfizer-BioNTech and Moderna shots.

    Canada to donate 10 million unused J&J vaccine doses to low-income countries

Alberta and Saskatchewan have both asked the federal government for Johnson & Johnson doses to reach vaccine hesitant people who don’t want to take mRNA vaccines like Pfizer and Moderna.

Alberta Health spokesperson Lisa Glover said they have asked the federal government for some of the doses, hoping to get more people vaccinated.

Advertisement

Article content

“Alberta has requested up to 20,000 doses of Janssen vaccine, when safely available. We and several other provinces are in discussions with the National Operations Centre, and we’re hopeful that we’ll receive an initial supply soon,” she said.

The federal government ordered hundreds of millions of doses of COVID-19 vaccines from multiple companies, but the vast majority of the shots that actually went into Canadians arms were either Pfizer or Moderna.

The mRNA vaccines are safe and highly effective against the virus, but some vaccine hesitant people have expressed concern because the vaccines are based on a relatively new technology. Online conspiracies have suggested the mRNA vaccines can alter DNA, but that is not supported by science.

Advertisement

Article content

Johnson & Johnson was the fourth vaccine maker to receive regulatory approval in Canada and an initial delivery of 300,000 doses was received in April, but U.S. regulators later uncovered quality control issues with the manufacturing facilities for those vaccines and the government didn’t distribute those doses.

The company is expected to have more doses of its vaccine in the fall, but it cut its original production estimate for this year in half.

While the company worked to resolve its manufacturing issues, Canada was flooded with doses from Pfizer and Moderna, tens of millions of shots in May, June and July, allowing most Canadians to get vaccinated and giving Canada one of the highest vaccination rates in the world.

Advertisement

Article content

Johnson & Johnson’s vaccine initially showed it had a 66 per cent efficacy rate at preventing people from getting COVID-19, lower than Pfizer or Modena, but it was shown to be nearly 100 per cent effective at preventing hospitalization.

The vaccine was initially planned as a single dose regimen, but the company recently applied to American regulators to have it given as a booster shot, with a second dose increasing the vaccine’s effectiveness.

The government also had large contracts for AstraZeneca vaccines and imported about two million doses of that shot, but most provinces stopped administering it after concerns arose about extremely rare blood clots.

Despite those concerns, the AstraZeneca vaccine was the workhorse of the U.K.’s vaccine rollout, helping that country get widespread coverage earlier than most nations.

Canada is also waiting on other vaccines from Novavax and Medicago, two other vaccines that are still in the regulatory review stage.

Both companies have submitted some data on their vaccines, but Health Canada is awaiting additional information from both firms.

• Email: rtumilty@postmedia.com | Twitter:

Advertisement

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Adblock test (Why?)



Source link

Continue Reading

Business

GTA gas prices may fall 11 cents on Sunday – CP24 Toronto's Breaking News

Published

 on


Ross Marowits, The Canadian Press


Published Saturday, November 27, 2021 3:38PM EST

Canadians should experience the fastest drop in gasoline prices in nearly 13 years on Sunday as fears about a virulent new COVID-19 variant are expected to provide a break of 11 cents per litre at the pumps.

Dan McTeague, president of Canadians for Affordable Energy, said the national average price could drop to about $1.32 per litre but begin to rise again midweek.

“(Sunday) represents the single largest decrease at the pumps we’ve seen going back to 2009,” he said in an interview.

Global crude oil prices plunged Friday over fears about a new COVID-19 variant called Omicron that prompted Canada to ban entry for foreign nationals who travelled through southern Africa.

The January crude oil contract fell 13.1 per cent or US$10.24 on Friday and currently stands at US$68.15 per barrel.

The decrease came as U.S. stock markets closed early Friday because of the Thanksgiving holiday.

“Sunday and Monday are going to be the best days for Canadians to fill up, including British Columbia,” McTeague said

Even residents of flood-ravaged B.C. will save on the province’s high gasoline prices despite facing rationing because severe flooding has shut both the Trans Mountain pipeline and the province’s lone refinery.

Drivers of non-essential vehicles can only purchase up to 30 litres per visit to a gas station in the Lower Mainland, Sunshine Coast, Sea to Sky area, Gulf Islands and Vancouver Island.

East Coast residents won’t reap the immediate benefits of Sunday’s price drop because its regulated regional system averages price movements. That provides price predictability but blunts price discounts.

Despite the upcoming decrease, national gasoline prices have surged nearly 43 per cent in the past year as the reopening of the global economy from pandemic lockdowns prompted a recovery in crude prices.

McTeague suggested Canadians shouldn’t get too comfortable with the energy savings. He said prices are expectd to increase as OPEC and its allies, who are meeting on Monday, will likely refuse to increase production any further. Energy traders realize that Friday’s decrease was overdone and “flies in the face of fundamentals,” he added.

“My sense is that the decreases that we saw were a little exaggerated and overbought, and for that reason I think we might see a little bit more balance come back to the markets and fundamentals by Wednesday,” McTeague said.

“Unless there’s further unsettling news of greater and further lockdowns, I would expect that oil prices are probably going to recover US$3 to US$4 a barrel by Monday or Tuesday, which means by Wednesday or Thursday we could be looking at increases in the order of four or five cents a litre.”

McTeague said some gasoline savings will continue for a couple of weeks, but he foresees crude climbing back to about US$90 a barrel, which would translate into prices in Canada exceeding $1.50 per litre.

Impending carbon tax increases will further boost prices.

A tax of 2.5 cents per litre, including HST, will take effect on April 1, 2022. It will be followed in December by the clear fuel standard that will add another 18.1 cents per litre including HST, said McTeague.

Adding to the inflation pressure is the Canadian dollar which is less valuable than when it was at par the last time crude prices were around US$80. That reduces the purchasing power for all kinds of products, including energy and food.

The Canadian Automobile Association said that as of early Saturday morning, Manitoba had the lowest average pump price of $1.35/L, followed closely by Alberta at $1.377, while Newfoundland and Labrador was the highest at $1.583 with British Columbia at $1.558.

This report by The Canadian Press was first published Nov. 27, 2021.

Adblock test (Why?)



Source link

Continue Reading

Business

Oil crashes more than US$10 as new COVID variant roils markets – BNN

Published

 on


Oil prices suffered one of the largest ever one-day plunges, crashing more than 11 per cent on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand.

The crash, the 7th largest ever for Brent crude, the global oil benchmark, may prompt the OPEC+ cartel to re-consider its policy when it meets next week, with the group increasingly leaning toward pausing its output hikes.

The sell-off was amplified by low liquidity on a festive day in the U.S., the breach of several technical supports and Wall Street banks rushing to dump oil futures to protect themselves against positions in the options market.

The development apparently wrong-footed many in the oil market who had been comforted by low inventory levels and demand that had rebounded to 2019 levels, said Rebecca Babin, senior energy trader at CIBC Private Wealth Management.

“It was a lack of downside that had us continuing to think nothing bad could happen,” she said. “No one was thinking we could get a variant that we’re not familiar with and it could have meaningful impact.”

Embedded Image

The price drop capped a dramatic week for the oil market, which started when U.S. President Joe Biden challenged OPEC+ by tapping the country’s strategic petroleum reserve in an effort to bring gasoline prices down. China, India, Japan and South Korea all joined the American effort.

Oil traders and analysts were divided about whether the flash crash was an excessive reaction to the COVID news. Damien Courvalin, oil analyst at Goldman Sachs in New York, called the drop an “excessive repricing” and ventured OPEC+ will respond pausing its production increases by three months.

High gasoline retail prices prompted U.S. President Joe Biden to seek ways to ease the pressure on consumers, leading to Tuesday’s announcement that the U.S. will release 50 million barrels of crude from the Strategic Petroleum Reserve, with China, Japan, India, South Korea and the U.K. also set to tap inventories. Still, oil rose on the day that the move was confirmed, suggesting traders had already priced in the new supply, or that they were underwhelmed by the supply response.

OPEC+ had warned previously it would reconsider a potential output increase if other nations went ahead with a reserve release. UBS Group AG said Friday that OPEC+ could choose to pause its current planned output hike of 400,000 barrels a day, or even cut production.

Prices

  • West Texas Intermediate for January fell US$10.24, or 13.1 per cent, from Wednesday’s close to settle at US$68.15 a barrel in New York. The decline was the largest since April 2020.
  • There was no settlement Thursday due to the Thanksgiving holiday and all transactions will be booked Friday
  • Brent for January settlement tumbled US$9.50 to settle at US$72.72 a barrel on the ICE Futures Europe exchange

Friday’s oil selloff was likely exacerbated by a lack of trading activity during the U.S. holiday period, coming a day after Thanksgiving, and as the New York market closed early. 

“It’s a sign the market got carried away from itself and that we still remain very vulnerable to COVID-19,” said John Kilduff, founding partner at Again Capital LLC. 

Aside from the headline prices, crude traders also watched several other notable shifts in the market. WTI crude futures closed below its 200-day and 100-day moving averages, signs of technical weakness. The extreme pressure on the U.S. benchmark meant its discount to Brent expanded, reaching the widest since May 2020. 

The picture wasn’t much brighter in oil-product markets, the part of the oil complex most directly affected by end-user demand. Diesel plunged, particularly in Asia, as the market began to price in a potential renewed hit to economic growth.

“This is a huge overreaction in terms of the market,” Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. said in a Bloomberg Television interview. “This is the market pricing in the worst possible scenarios.”

Adblock test (Why?)



Source link

Continue Reading

Business

Shoppers taking advantage of Black Friday deals in Ottawa – CTV Edmonton

Published

 on


OTTAWA —
Shoppers rushed to the stores in Ottawa on Black Friday, hoping to get the best deals of the year heading into Christmas. 

Some have even come from other countries for these sales like Elizabeth Elnakla, who is here from Scotland visiting her daughter Reem Almaqla. 

Elnakla is what you might call, a Black Friday newbie. 

“This is my first Black Friday. I’m super excited, it is so busy,” says Elnakla. 

She’s looking to snag all the deals she can before she heads back home in three days.

“Shopping back home, I live in a small town called Dundee and it’s not very large,” says Elnakla. “So the shopping is never crazy. It’s quite quiet.”

Last year, many were stuck doing their Black Friday and Boxing Day shopping online. This year, back to the in-person busyness.

Tanger Outlets

“We missed Black Friday last year,” says Almaqla, who wanted to show her mom what Black Friday was all about. “I just want her to go through this experience. To see what Black Friday is like here.”

Tanger Outlets in Kanata was packed for Black Friday sales all week, but nothing like today. 

“There’s nothing like a good sale, right? We all love the deal,” says shopper Josie Mousseau. “It’s just nice being outside in the fresh air. At least you get a little bit of an escape with your mask. You can take it off occasionally whereas when you’re confined to a mall, you really can’t.”

Monika Mehl describes the amazing deal she got on a Michael Kors purse. 

“I got it for 70 per cent off, and then an additional 15 per cent off. And because everything totalled over $300, I got another 10 per cent off.”

Stores at Tanger opened at 7 a.m. Friday. Maria Argyriou left Montreal at 5 a.m. to make sure she got here on time. 

“We went to all the sports stores and they’re all basically 50 per cent off,” says Argyriou.

Montreal is known for its shopping, but she wanted to try her luck in Ottawa.  

“There’s a lot of people [in Montreal]. Here there’s less people, and we can get better deals,” says Argyriou.

With lineups at dozens of stores, shoppers stood in line for up to 30 minutes, braving the rain and cold to get deals only available once a year.

All day, bags of items flew off the shelves. And with supply chain issues this year, many of these shoppers know that once it’s gone, it’s gone.

“So you better get your shopping done honey,” laughs Mousseau.

Adblock test (Why?)



Source link

Continue Reading

Trending