Indigenous woman wear cloth masks in front of the National Palace as they protest to ask for government assistance, since the coronavirus distancing rules prevent them from making a living by selling traditional handicrafts in the streets, in Mexico City, Monday, May 11, 2020. (AP Photo/Rebecca Blackwell)
The Associated Press
As Mexico moves toward a gradual reactivation of its economy Monday, the number of new coronavirus infections grows higher every day, raising fears of a new wave of infections that other countries have seen after loosening restrictions.
President Andrés Manuel López Obrador is straddling the issue, telling the public that the fight against the virus depends on continued social distancing in many places while describing how other areas will begin to return to work Monday.
“We’re at the point where we begin to have fewer cases,” López Obrador said Friday. “But in these days we have to be more careful, not relax the discipline, don’t trust ourselves.”
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The comments came on the same day the government clarified guidelines for the construction, mining and automotive industries to return to work Monday. The next two weeks will serve as a period to formalize their protocols to keep workers safe, but if they do so and get approval they can open any time before June 1.
There were 2,437 new coronavirus test confirmations Friday, the highest daily total yet and the second straight day with over 2,000 new cases. There were 2,409 on Thursday.
The numbers suggest the pandemic has not yet peaked in Mexico, while the daily number of deaths rose by 290, below the one-day peak of 353 deaths reported Tuesday. Mexico has seen a total of 4,767 deaths so far.
“We are at the moment of the fastest growth in new cases,” said Assistant Health Secretary Hugo López-Gatell. “This is the most difficult moment.”
Health officials have said the real number of infections is far higher. Mexico has a lower rate of testing for the virus than any of the world’s largest economies, according to the Organization for Economic Cooperation and Development.
The country’s lockdown – which began in March – will remain in place, but those particular industries will be allowed to resume because Mexico’s top advisory body on the pandemic, the General Health Council, said Tuesday it had decided to classify them as “essential activities.”
There were signs that hospital capacity was nearing its limit Mexico City, the hardest-hit area. The Health Department reported that 73% per cent of the city’s general care hospital beds were full; the percentage was lower for intensive-care beds, but that was partly because of the expansion of improvised ICU units at hospitals and other venues.
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On Friday, about 2,000 ventilators purchased by private companies and donated to Mexican hospitals arrived aboard a flight from Chicago, Illinois. The machines are made by Royal Philips, a Dutch company with plants in the U.S., and were acquired by major Mexican companies.
There is concern in the medical community that talk of relaxing social distancing measures is coming too soon and could lead to a devastating second wave of infections as resources dwindle and medical personnel are running on fumes.
Mexican officials also confirmed that a total of 827 Mexicans have died of COVID-19 in the United States – 594 of them in the New York area.
Guatemalan President Alejandro Giammattei announced Thursday night that he was putting the country back on lockdown after a surge of new infections in the first week after he allowed shopping centres to reopen.
Guatemalans will be under a 24-hour per day stay-at-home order through the weekend. The restriction will loosen Monday to a 5 p.m. to 5 a.m. curfew for the week.
“Without health, life isn’t possible, nor the economy,” Giammattei said.
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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.
The S&P/TSX composite index closed up 93.51 points at 23,568.65.
In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.
The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.
The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.
The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.
This report by The Canadian Press was first published Sept. 13, 2024.
OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.
The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.
The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.
The personal and household goods subsector fell 2.5 per cent to $12.1 billion.
In volume terms, overall wholesale sales rose 0.5 per cent in July.
Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.
This report by The Canadian Press was first published Sept. 13, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 172.18 points at 23,383.35.
In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.
The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.
The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.
The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.
This report by The Canadian Press was first published Sept. 12, 2024.
