Ontario deploys rapid COVID-19 tests that can turnaround results in under 20 minutes to hospitals, long-term care homes - CP24 Toronto's Breaking News | Canada News Media
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Ontario deploys rapid COVID-19 tests that can turnaround results in under 20 minutes to hospitals, long-term care homes – CP24 Toronto's Breaking News

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The Ontario government has started to deploy rapid COVID-19 tests to hospitals, long-term care homes and regions of high-transmission as the province continues to combat a second wave of the novel coronavirus.

Premier Doug Ford along with his health minister and minister of long-term care made the announcement in Toronto Tuesday afternoon.

So far, the government has received roughly 98,000 ID NOW rapid tests and 1.2 million Panbio rapid antigen tests with another 1.5 million more Panbio tests expected by the end of November.

“The new rapid tests are game changers,” Ford said during an announcement at Humber River Hospital in Toronto on Tuesday. “These new tests can turnaround test results in minutes instead of days.”

Ford said both tests can provide results in under twenty minutes.

The ID NOW test detects the novel coronavirus using a nasal, nasopharyngeal or throat swab, while the Panbio test uses a nasopharyngeal swab only.

“I want to thank Health Canada for getting these in and then once it gets in, put them in the distribution center and we allocate it to the most vulnerable areas throughout Ontario, no matter if it’s northern rural areas, or the long-term care homes,” Ford said.

“We got the logistics down pat, they’re out there as we speak right now people are using them as we speak right now and the more that come in the more we’re going to get throughout the system,” he added.

The ID NOW tests are initially being used in hospitals and assessment centres in rural and remote communities, and to test people as part of early outbreak investigations in hot spot regions.

Two hospitals, Ottawa Hospital and Soldiers’ Memorial Hospital in Orillia, Ont., are also using ID NOW tests, with 20 more hospitals preparing to launch rapid testing, according to the government.

“We have moved these tests out as quickly as possible, making sure that we do the necessary examination of the ones that have been received making sure that they’re ready to go, then making sure that we have the right allocations going to the right places,” Health Minister Christine Elliott said at the press conference.

Ford commented on the significance of these rapid tests in the health-care system as infections are on the rise across the province, particularly in the hot spots of Toronto and Peel Region, which both entered the “lockdown” zone of the government’s COVID-19 response framework on Monday.

“Over the next few weeks dozens of our long-term care homes will use these tests to test staff and visitors to keep our long-term care residents safe while ensuring essential caregivers can continue to visit and worry less about endangering their loved ones,” Ford said.

ID NOW tests are currently being distributed in Simcoe Muskoka, Southewestern Ontario and Eastern Ontario. The government says the program will be expanded to other areas of the province next month.

Plans are in the works to roll out the rapid tests to Toronto and Peel and the government said it’s collaborating with Ontario Health and local public health units to eventually deploy the tests across the province. The government did not say how long it will take for the rapid tests to be deployed across the whole province.

Meanwhile, the Panbio rapid tests will support a screening program for long-term care homes and other workplaces.

The government says the Panbio tests have already been deployed to six long-term care operators for potential roll out to more than 30 long-term care homes, 27 retirement homes, eight hospitals and 11 industry partners, including Ontario Power Generation, Air Canada and Magna.

The Panbio rapid tests will also be used in an eight-week pilot for participating employers in the private, public and non-profit sectors.

“This pilot program is an important opportunity to learn about the value of antigen screening for asymptomatic workers in a range of workplace settings, and will inform future decisions about safely and fully reopening the economy,” Elliott said.

The deployment of rapid tests comes as the province reported 1,009 new COVID-19 tests on Tuesday. But the Ministry of Health says the new infections reported today are an underestimate and the 1,589 cases reported on Monday are an overestimate due to technical issues with data collection.

When averaging out new infections reported over the last two days, Ontario saw 1,299 cases on both Monday and Tuesday. The rolling seven-day average of new cases is now 1,395, down from 1,421 a week ago.

The government did not say if it has plans to roll out rapid tests to schools across the province even though cases continue to climb in school and child care settings.

On Tuesday, public health officials reported 270 new cases of the virus in Ontario schools. However, a spokesperson for the minister of education said the latest data is “a reflection of over three days of data and includes any cases identified in schools on Friday from 2 p.m., Saturday, Sunday and Monday until 2 p.m.” It also includes cases from some boards that did not report to the ministry on Friday due to a P.D. day.

On Monday, more than 37,400 tests were completed by provincial health officials, with an average of 32,285 tests processed on both Monday and Tuesday, well below the province’s goal of 50,000 tests per day.

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Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlier

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MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.

The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.

The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

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Dollarama keeping an eye on competitors as Loblaw launches new ultra-discount chain

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Dollarama Inc.’s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is “not in the grocery business,” even if it’s keeping an eye on the sector.

“It’s just one small part of our store,” Neil Rossy told analysts on a Wednesday call, where he was questioned about the company’s food merchandise and rivals playing in the same space.

“We will keep an eye on all retailers — like all retailers keep an eye on us — to make sure that we’re competitive and we understand what’s out there.”

Over the last decade and as consumers have more recently sought deals, Dollarama’s food merchandise has expanded to include bread and pantry staples like cereal, rice and pasta sold at prices on par or below supermarkets.

However, the competition in the discount segment of the market Dollarama operates in intensified recently when the country’s biggest grocery chain began piloting a new ultra-discount store.

The No Name stores being tested by Loblaw Cos. Ltd. in Windsor, St. Catharines and Brockville, Ont., are billed as 20 per cent cheaper than discount retail competitors including No Frills. The grocery giant is able to offer such cost savings by relying on a smaller store footprint, fewer chilled products and a hearty range of No Name merchandise.

Though Rossy brushed off notions that his company is a supermarket challenger, grocers aren’t off his radar.

“All retailers in Canada are realistic about the fact that everyone is everyone’s competition on any given item or category,” he said.

Rossy declined to reveal how much of the chain’s sales would overlap with Loblaw or the food category, arguing the vast variety of items Dollarama sells is its strength rather than its grocery products alone.

“What makes Dollarama Dollarama is a very wide assortment of different departments that somewhat represent the old five-and-dime local convenience store,” he said.

The breadth of Dollarama’s offerings helped carry the company to a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent.

The retailer said Wednesday the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per diluted share a year earlier.

The period the quarter covers includes the start of summer, when Rossy said the weather was “terrible.”

“The weather got slightly better towards the end of the summer and our sales certainly increased, but not enough to make up for the season’s horrible start,” he said.

Sales totalled $1.56 billion for the quarter, up from $1.46 billion in the same quarter last year.

Comparable store sales, a key metric for retailers, increased 4.7 per cent, while the average transaction was down2.2 per cent and traffic was up seven per cent, RBC analyst Irene Nattel pointed out.

She told investors in a note that the numbers reflect “solid demand as cautious consumers focus on core consumables and everyday essentials.”

Analysts have attributed such behaviour to interest rates that have been slow to drop and high prices of key consumer goods, which are weighing on household budgets.

To cope, many Canadians have spent more time seeking deals, trading down to more affordable brands and forgoing small luxuries they would treat themselves to in better economic times.

“When people feel squeezed, they tend to shy away from discretionary, focus on the basics,” Rossy said. “When people are feeling good about their wallet, they tend to be more lax about the basics and more willing to spend on discretionary.”

The current economic situation has drawn in not just the average Canadian looking to save a buck or two, but also wealthier consumers.

“When the entire economy is feeling slightly squeezed, we get more consumers who might not have to or want to shop at a Dollarama generally or who enjoy shopping at a Dollarama but have the luxury of not having to worry about the price in some other store that they happen to be standing in that has those goods,” Rossy said.

“Well, when times are tougher, they’ll consider the extra five minutes to go to the store next door.”

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:DOL)

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U.S. regulator fines TD Bank US$28M for faulty consumer reports

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TORONTO – The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers to consumer reporting companies.

The agency says TD has to pay US$7.76 million in total to tens of thousands of victims of its illegal actions, along with a US$20 million civil penalty.

It says TD shared information that contained systemic errors about credit card and bank deposit accounts to consumer reporting companies, which can include credit reports as well as screening reports for tenants and employees and other background checks.

CFPB director Rohit Chopra says in a statement that TD threatened the consumer reports of customers with fraudulent information then “barely lifted a finger to fix it,” and that regulators will need to “focus major attention” on TD Bank to change its course.

TD says in a statement it self-identified these issues and proactively worked to improve its practices, and that it is committed to delivering on its responsibilities to its customers.

The bank also faces scrutiny in the U.S. over its anti-money laundering program where it expects to pay more than US$3 billion in monetary penalties to resolve.

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:TD)

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