Connect with us

Business

Fewer than 2400 new COVID-19 cases reported in Ontario, another 52 deaths logged

Published

 on

TORONTO —
Health officials in Ontario are reporting fewer than 2,400 new cases of COVID-19 Saturday.

The 2,359 infections mark a drop over Friday’s report when 2,662 cases were added and bring the province’s COVID-19 case total to 252,585, including deaths and recoveries.

Fifty-two of those deaths occurred in the previous day, 25 of which were residents in a long-term care home.

The Ministry of Health now considers 3,025 more cases to be resolved, a number that has been outpacing new infections in Ontario in recent days. Since the beginning of the pandemic, 222,287 people previously diagnosed with COVID-19 have recovered.

The data released by the government Saturday shows there are currently 24,545 active cases of the novel coronavirus across Ontario.

With 63,453 tests processed in the last 24 hours, the province’s COVID-19 positivity rate stands at 4.5 per cent.

Where are the new COVID-19 cases in Ontario?

Most of the cases reported Saturday were found in Toronto (708), Peel Region (422), York Region (220), Hamilton (107) and Windsor-Essex (100).

Toronto Mayor John Tory commented on the city’s numbers in a tweet published Saturday where he said case counts are heading in the “right direction.”

“Let’s keep it that way. Stay home this weekend, Toronto,” he said.

For context, the province reported 779 cases in Toronto on Friday, 897 (102 of which were attributed to a previous technical issue) on Thursday and 925 on Wednesday.

Toronto has consistently reported the highest daily COVID-19 case numbers in the province since the start of the pandemic.

Several other regions reported case numbers in the high double digits, including Niagara, Waterloo, Halton, Simcoe Muskoka and Durham Region.

Right now, there are 1,501 patients in hospital with COVID-19, down from the 1,512 reported a day earlier.

Of those patients, 395 are being treated in an intensive care unit and 299 are breathing with the assistance of a ventilator.

Update on COVID-19 vaccinations in Ontario

Health Minister Christine Elliott says that 276,146 doses of the COVID-19 vaccine have been administered throughout Ontario since inoculations began last month.

The province said that 11,161 of those shots were administered in the previous day.

At least 57,907 people have received both their first and second shots and are considered to be fully vaccinated.

Ontario is currently operating in Phase 1 of it’s vaccination rollout, which will see shots given to health-care workers in hospitals, long-term care homes and retirement homes, other congregate care settings and remote Indigenous communities

Source:- CTV Toronto

Source link

Continue Reading

Business

Lufthansa sets 2024 goal, eyes capital increase

Published

 on

Germany’s flagship carrier Deutsche Lufthansa said it aims to boost its return on capital employed (ROCE) and laid out plans for a capital increase as it prepares for a business recovery amid an easing coronavirus pandemic.

The largest German airline aims to have an adjusted EBIT margin of at least 8% and an adjusted ROCE of at least 10% in 2024, it said late on Monday.

Adjusted ROCE was –16.7% in 2020 and 6.6% in 2019.

The group added it had mandated banks to prepare a possible capital increase, though size and timing have not yet been determined and the German state, which has bailed out the airline during the pandemic, has not yet given its approval.

 

(Reporting by Ludwig Burger; editing by Jonathan Oatis)

Continue Reading

Business

Virtual Law Firms Are on the Rise in Canada

Published

 on

Virtual law firms have been on the rise for a while. In a 2019 roundtable discussion conducted by the American Bar Association, several firm leaders met to discuss the growing presence of online legal services. The consensus was clear: virtual is the new reality.

That was 2019. In the intervening two years, the world was gripped by a global pandemic that forced most people to conduct their business indoors. As you might have guessed, demand for contactless, remote legal services has only ballooned since that roundtable discussion.

While the roundtable primarily focused on the legal industry in the US, you can witness similar trends here in Canada. Like the taxi industry and entertainment distribution industry before it, law is increasingly moving toward digital spaces.

This article explores what virtual law firms are, what benefits they present for Canadian clients, and what kind of clients are driving the virtual law boom.

Not a Change but an Addition

At its best, the shift from brick-and-mortar law firms to virtual isn’t an alteration of legal services as much as it is an addition.

The best virtual law firms do not compromise on service – they still offer traditional legal services with the expertise of real lawyers. The only difference is that they have added a new medium: a more accessible, transparent means of communication and billing.

Why Canadians Choose Online Law Firms

For some clients, the traditional brick-and-mortar firm was hard to give up. They viewed their lawyer like they viewed their doctor: a professional whose in-person expertise couldn’t be replicated in a digital space. Then, the pandemic hit. As millions more Canadians acclimatized to working online, they also habituated to the idea of doing business online.

 

Credit: Ketut Subiyanto Via Pexels

The benefits were immediately apparent. Virtual law firms feature streamlined communication, available seven days a week. They eliminate the need to go to a physical office. They offer all the same legal expertise and services as a brick-and-mortar lawyer. And, crucially, they often leverage transparent pricing: flat, predetermined legal fees with no hidden costs. A client looking for affordable legal services in Mississauga or Toronto, for instance, can simply click a few buttons and hire a lawyer on the spot.

Who Is Using These New Services?

You might be wondering: do they wheel a computer into the courtroom when someone avails themselves of a virtual lawyer? No, that isn’t quite the case.

Clients tend to use virtual law firms for everyday legal services – not necessarily courtroom representation. A client looking to create a will or name a power of attorney might choose a virtual lawyer for the sake of simplicity. A homebuyer, looking to keep costs manageable might hire a virtual lawyer for closing since their prices are both more transparent and affordable. A couple seeking to draft a cohabitation agreement may find similar benefits in an online lawyer.

The fact is that virtual legal services are not only here to stay – they are on the rise. Fortunately, the future is friendly; online law firms offer the same legal expertise as their physically housed counterparts, with the added benefits of being accessible and affordable.

Continue Reading

Business

Tourmaline to expand in Montney with C$1.1 billion deal for Black Swan

Published

 on

Canada‘s Tourmaline Oil Corp said on Friday it would buy privately owned Black Swan Energy Ltd in a C$1.1 billion ($908.79 million) deal, as the oil and gas producer looks to expand in the Montney region, one of North America’s top shale plays.

Canada‘s Montney, which straddles Alberta and British Columbia, has seen a wave of consolidation as companies buckled under collapsing oil prices amid the COVID-19 pandemic.

Tourmaline said the deal represents a key part of its ongoing North Montney consolidation strategy and the company sees the area as a key sub-basin for supplying Canadian liquefied natural gas.

The company in April acquired 50% of Saguaro Resources Ltd’s assets in the Laprise-Conroy North Montney play for $205 million and entered into a joint-venture agreement to develop these assets.

Analysts at brokerage ATB Capital Markets called the Black Swan assets a “hand in glove” fit with its recent acquisitions.

Tourmaline stock rose 4.5% to C$32.1.

The deal value consists of 26 million Tourmaline shares and a net debt of up to $350 million, including deal costs.

Tourmaline will acquire an expected average production capacity of over 50,000 boepd when the deal closes, likely in the second half of July.

The company, which also raised its dividend by 1 Canadian cent per share, expects the Black Swan assets to generate free cash flow of $150 million to $200 million in 2022 and beyond.

The Canadian energy sector has seen a flurry of deals with companies expecting to benefit from the rebound in oil prices as global fuel demand picks up.

ARC Resources Ltd in April bought Seven Generations Energy Ltd for C$2.7 billion to create Montney’s largest oil and gas producer.

($1 = 1.2104 Canadian dollars)

 

(Reporting by Rithika Krishna in Bengaluru; Editing by Vinay Dwivedi)

Continue Reading

Trending