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Israel starts reopening economy after two-month lockdown – The Tri-City News

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JERUSALEM — Israel lifted many of its coronavirus restrictions and started reopening its economy Sunday as the country’s vaccination drive and third nationwide lockdown have started to bring down infections.

Most grade school and high school classes have reopened after a nearly two-month closure, along with museums, libraries, malls and markets. Some restrictions on the number of people in attendance remain in place. The entire education system is expected to return to normal operations early March.

Gyms, pools, cinemas and restaurants are opening back up for people who have received two doses of the coronavirus vaccine.

Israel unveiled its plan to allow the vaccinated to attend cultural events, fly abroad and patronize restaurants and health clubs by using a “green badge” app on Saturday ahead of the reopening of the economy. The rollout of the app has been fraught with technical difficulties.

After striking a deal with Pfizer to trade data for doses, Israel’s vaccine campaign became the world’s speediest in the past two months. Almost half its population of 9.3 million have received the first dose of the Pfizer/BioNTech vaccine. Nearly 3 million have gotten the second shot.

Israel has faced international criticism for largely excluding Palestinians in the West Bank and Gaza Strip from its highly successful vaccination campaign. The dispute highlights the Palestinians’ reliance on Israel even as they struggle to combat the pandemic on their own. Last week, Israel facilitated the transfer of the first 2,000 doses of Russia’s Sputnik V vaccine from the West Bank to the Gaza Strip.

The coronavirus is still spreading rapidly in Israel, however, and restrictions on movement and assembly have remained in place since the government imposed a countrywide lockdown in late December.

Israel has recorded at least 743,000 cases of COVID-19 and at least 5,521 deaths since the start of the pandemic last year. Its three lockdowns have paralyzed the economy and driven unemployment to over 20%

The Associated Press


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S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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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.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Statistics Canada reports wholesale sales higher in July

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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.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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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.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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