adplus-dvertising
Connect with us

Business

N.S. reports three new COVID-19 cases Wednesday; 21 active infections remain – CTV News Atlantic

Published

 on


HALIFAX —
Health officials in Nova Scotia are reporting three new cases of COVID-19 on Wednesday.

All of the new cases are in the Central zone. One is a close contact with a previously reported case, while two are under investigation.

Two of the province’s previously reported cases are now recovered, with the active cases increasing to 21.

300x250x1

TOP DOCTOR CONCERNED CASES COULD RISE

Nova Scotia’s Chief Medical Officer of Health, Dr. Robert Strang, says he is concerned about community transmission after seeing several cases this week with no clear link to travel or another case.

“Many of those testing positive for COVID-19 recently have been socializing more with a broad range of close contacts,” said Strang. “The good news is that people are, by in large, respecting the limits and they are not gathering in large groups, but they are socializing frequently with different groups of people.”

Strang says, based on this information, the province does expect to see more positive COVID-19 cases in the coming days. He is reminding all Nova Scotians to be cautious and to remember to follow public health measures.

“We need to continue to be cautious. I recognize that COVID fatigue is real. We’ve been at this for almost a year, but as tired as everyone is, public health measures are as important now as they were last March and April,” said Strang.

“So, enjoy your friends, go out to dinner, and socialize in other ways, but I am just asking people that, even if you’re living within what’s required in the public health regulations, you need to go further to slow down your social activities. Spread out the frequency, keep your social groups, ideally, to a single social group no more than 10 and keep it consistent.”

STRANG ASKS TWO AREAS OF PROVINCE TO GET TESTED

Strang says the province identified 93 close contacts to a cluster reported in the Central zone last week that also had connections to Beaver Bank-Monarch Drive Elementary School, in Beaver Bank, N.S. He says of the close contacts, 89 have received negative test results. The province is still working to identify four close contacts to the cluster.

“So, that’s good news to share, that a cluster that does not appear to have spread further from that,” said Strang.

As a result of an increase in general community testing in the Lower Sackville/Beaver Bank area, an additional positive case has been identified, which remains under investigation.

Strang says due to the concerns surrounding the possibility of undetected community transmission, they are increasing the testing capacity and access to testing in two parts of the province.

“In Lower Sackville and Beaver Bank we are in the process of establishing a primary assessment centre… and in the communities between Wolfville and Berwick, because we have some other cases in there that we’re working to determine how they may be linked and we have concerns that it might be some undetected community spread.”

The province’s top doctor says they are asking anyone in the two areas to get tested, even if they do not have any COVID-19 symptoms.

“So, specifically focused testing in geographical areas is what we’ve done previously when we’ve detected concerning signs. We’re doing that again and it’s important. It’s what helped us robustly to deal with the Halifax outbreak, it’s what’s going to help us out right now. So, we ask people in those areas to take advantage and go get tested in the next few days.”

FIRST COVID-19 VACCINATION CLINIC IN FIRST NATIONS COMMUNITY

The first COVID-19 prototype clinic focusing on First Nations Communities took place at Millbrook First Nation on Wednesday.

“These clinics will start for those who are aged 55 and older, as well as other people that identified as important knowledge and language keepers in those communities,” said Strang.

Strang says the decision to start vaccinating at the age 55 was made to recognize that Indigenous communities, due to the impacts of systemic racism, may experience “disproportionate consequences.”

“It also recognizes that elders in the community play a very important role as holders of the language and knowledge keepers in their communities,” said Strang.

Elder Patsy Paul-Martin was the first to receive a COVID-19 vaccine at Millbrook First Nation on Wednesday. She says she feels privileged.

“I was excited. I feel protected,” said Paul-Martin.

Strang says the province is also working with African Nova Scotian communities, which they plan to have their first prototype clinic ready for at the end of March.

“We’re working closely with the community leaders to develop this prototype, and from there we will expand these clinics to other African Nova Scotian communities, and support access to community vaccine clinics, as well as working with community leaders to address the vaccine mistrust,” said Strang.

NOVA SCOTIANS OVER 80 TO BE VACCINATED SOON

Strang says beginning March 1, Nova Scotians over the age of 80 will be able to start booking their COVID-19 vaccine appointments. He says letters to people in that age group who hold an MSI card have been mailed out, which provide information on how to book an appointment.

Vaccinations will start being administered for this age group on March 8, with clinics being held at the IWK Health Centre, the Canada Games Complex Centre in Sydney, the NSCC Truro Campus in Truro, N.S., and the New Minas Baptist Church in New Minas, N.S.

Strang also announced six additional vaccination clinics that will be opening in Nova Scotia throughout the month of March.

Three of the new clinics that are scheduled to begin booking appointments on March 15 will be located at:

  • St. Francis University in Antigonish, N.S.
  • Halifax Forum in Halifax
  • NSCC Burridge Campus in Yarmouth, N.S.

Strang says the other three clinics, which are expected to begin on March 22, will be located at the NSCC Lunenburg Campus in Bridgewater, N.S., one in Amherst, N.S., and another one in the Halifax Regional Municipality.

N.S. CASE DATA

The Nova Scotia Health Authority’s labs completed 2,754 tests on Tuesday. The province has completed 320,346 tests since the pandemic began.

There have been 1,616 COVID-19 cases in Nova Scotia. Of those, 1,530 cases have recovered and 65 people have died due to the novel coronavirus.

There is one person in hospital because of COVID-19 and they are in the intensive care unit.

There are cases confirmed across the province, but most have been identified in the Central Zone, which contains the Halifax Regional Municipality.

The provincial government says cumulative cases by zone may change as data is updated in Panorama, the province’s electronic information system.

The numbers reflect where a person lives and not where their sample was collected.

  • Western Zone: 99 cases (4 active case)
  • Central Zone: 1,307 cases (15 active cases)
  • Northern Zone: 128 cases (0 active cases)
  • Eastern Zone: 82 cases (2 active cases)

The provincial state of emergency, which was first declared on March 22, 2020, has been extended to March 7, 2021.

VACCINE UPDATE

Nova Scotia’s COVID-19 online dashboard now provides an update on the amount of vaccines that have been administered to date.

As of Wednesday, 29,237 doses of COVID-19 vaccine have been administered so far. Of those, 17,579 were first doses and 11,658 were Nova Scotians receiving their second dose.

Of the vaccines administered 22,497 went to health care workers, and 3,160 were long-term care residents.

“We anticipate receiving 14,700 doses of vaccine, well, we are receiving them throughout this week, and our vaccine supply is expected to be steady with weekly shipments of at least 10,000 doses of the Pfizer vaccine until the end of March,” said Strang. “Meaning that we are on target to meet the outcomes for the first 90 days of a vaccine strategy.”

NOVA SCOTIANS ENCOURAGED TO SEEK ASYMPTOMATIC TESTING

Public health is strongly encouraging Nova Scotians to seek asymptomatic COVID-19 testing, particularly if they have attended several social interactions, even with their own social circle.

COVID-19 tests can be booked through the provinces online self-assessment COVID-19 tool, or by calling 811.

People can also visit one of Nova Scotia’s many rapid pop-up testing sites that continue to operate throughout the province.

COVID ALERT APP

Canada’s COVID-19 Alert app is available in Nova Scotia.

The app, which can be downloaded through the Apple App Store or Google Play, notifies users if they may have been exposed to someone who has tested positive for COVID-19.

LIST OF SYMPTOMS

Anyone who experiences a fever or new or worsening cough, or two or more of the following new or worsening symptoms, is encouraged to take an online test or call 811 to determine if they need to be tested for COVID-19:

  • Sore throat
  • Headache
  • Shortness of breath
  • Runny nose/nasal congestion 

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Business

Tesla Promises Cheap EVs by 2025 | OilPrice.com – OilPrice.com

Published

 on



Tesla Promises Cheap EVs by 2025 | OilPrice.com



300x250x1


Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Related News

Tesla

Tesla has promised to start selling cheaper models next year, days after a Reuters report revealed that the company had shelved its plans for an all-new Tesla that would cost only $25,000.

The news that Tesla was scrapping the Model 2 came amid a drop in sales and profits, and a decision to slash a tenth of the company’s global workforce. Reuters also noted increased competition from Chinese EV makers.

Tesla’s deliveries slumped in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a sign that even price cuts haven’t been able to stave off an increasingly heated competition on the EV market.

Profits dropped by 50%, disappointing investors and leading to a slump in the company’s share prices, which made any good news urgently needed. Tesla delivered: it said it would bring forward the date for the release of new, lower-cost models. These would be produced on its existing platform and rolled out in the second half of 2025, per the BBC.

Reuters cited the company as warning that this change of plans could “result in achieving less cost reduction than previously expected,” however. This suggests the price tag of the new models is unlikely to be as small as the $25,000 promised for the Model 2.

The decision is based on a substantially reduced risk appetite in Tesla’s management, likely affected by the recent financial results and the intensifying competition with Chinese EV makers. Shelving the Model 2 and opting instead for cars to be produced on existing manufacturing lines is the safer move in these “uncertain times”, per the company.

Tesla is also cutting prices, as many other EV makers are doing amid a palpable decline in sales in key markets such as Europe, where the phaseout of subsidies has hit demand for EVs seriously. The cut is of about $2,000 on all models that Tesla currently sells.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Related posts

Adblock test (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

Trending