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One in five Canadians feels anxiety about COVID as economy re-opens – HalifaxToday.ca

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The Institute for Mental Health Policy Research has released the results of a new survey this week that asked Canadians about mental health, alcohol consumption, and anxiety about COVID-19.

Some of the things that stand out is that people are very worried about their finances. People are worried about getting COVID-19,” says Dr. Hayley Hamilton, Senior Scientist at the institute, a division of the Canadian Association of Mental Health.

Hamilton tells NEWS 95.7’s The Todd Veinotte Show that 20 per cent of Canadians reported feeling moderate to severe levels of anxiety, and the same amount reported experiencing loneliness.

“When we define loneliness we’re talking about those who experienced loneliness at least three out of the last seven days. That’s the basic definition,” she says.

The survey released this week is the second in a series the institute is conducting. Compared to the first survey, three weeks prior, generalized anxiety was down four points.

“In the first survey we did, it was about one in four, so the second survey shows a little bit of decline. But that’s high, as far as I’m concerned,” Hamilton says.

The researcher says the high number isn’t surprising, especially considering how many people’s jobs and families are still being impacted by the pandemic.

“I mean this is a challenging time, an unprecedented time,” Hamilton explains. “So it’s important for us to assess and monitor how Canadians are feeling during this time.”

Another area of concern is binge drinking, with 31.2 per cent of men 18 per cent of women reporting their drinking was at a high level in the past seven days.

“Sometimes when people are stressed they engage in heavy drinking. So again that is something that we would’ve expected,” says Hamilton.

Hamilton says that increased isolation, lack of family and friends and losing jobs can all be contributing factors to loneliness, anxiety and increased drinking. But she hopes that as things continue to re-open and more people return to work, the survey results will change.

The concern is that those things, to what extent those things are going to continue. Which is why we’re doing multiple surveys, to see if there’s going to be a reduction as things open up within provinces. Are people going to be returning to a more even keel? Or are these issues going to remain at a somewhat elevated level?” she says.

The research is available online to anyone who’s interested, and for government and industry officials to aid in their decision-making.

“We need to know, yes there is a great deal of concern about getting COVID, but there also are concerns with respect to the impact of the measures that have been imposed to reduce harm from it,” she says.

In the coming weeks, the CAMH will conduct a third survey to continue to assess the mental health of Canadians on an ongoing basis.

“It should be interesting to see whether that continues to drop as the provinces open up more and more,” says Hamilton.

“It’s not normalcy per se that people are returning to, but at least they’re able to go back on the patio, for example, and have dinner, or engage in conversations with their friends, see their friends in person. So that is encouraging and so we hope to see those figures continue to decline.”

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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)

The Canadian Press. All rights reserved.

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Economy

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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