Ontario opens vaccines to those 75+, expands pharmacy pilot - CP24 Toronto's Breaking News | Canada News Media
Connect with us

Business

Ontario opens vaccines to those 75+, expands pharmacy pilot – CP24 Toronto's Breaking News

Published

 on


Holly McKenzie-Sutter, The Canadian Press


Published Monday, March 22, 2021 5:52AM EDT


Last Updated Monday, March 22, 2021 11:51PM EDT

TORONTO – Ontario pledged to further expand its COVID-19 vaccine rollout Monday, but questions remained about the dwindling supply of doses and the government’s ability to deliver on its promised timelines.

Premier Doug Ford said Ontario was expecting to receive about 300,000 doses of the Moderna vaccine this week, but it will only receive 90,000. And it has yet to find out when the next shipment of Oxford-AstraZeneca will arrive.

“It makes things very, very challenging,” said Ford, who has frequently complained about the lack of adequate vaccine supplies from the federal government.

On Monday, people aged 75 years and older began booking their vaccine appointments through a provincial online portal and a call centre, while pharmacies in three public health units started administering the AstraZeneca shots to those aged 60 and older.

Ford said the pharmacy pilot project, running at 327 locations in Toronto, Kingston and Windsor-Essex, would be expanded in the coming weeks to include Peel and York regions if the province received more doses of the AstraZeneca vaccine. Initially, only people aged 60 to 64 could book the pharmacy shots based on federal guidance that has since been updated.

But as more people became eligible for the pharmacy doses on Monday, appointments became more scarce.

Hamilton resident Heidi Flemming tried in vain on Monday to book vaccination appointments for her Toronto-based parents, aged 70 and 73. There were no spots available at Shoppers and Costco, she said, and other pharmacies didn’t answer their phones.

She eventually got her parents waitlisted for shots, but an emailed confirmation from Pharmasave didn’t indicate how long the wait might be and noted that “vaccines are in limited supply.”

“They have been trapped in their one-bedroom apartment since August,” Flemming said in a social media message. “It is really unreasonable that they can’t get access quickly and easily.”

Meanwhile, people aged 75 and older who had booked vaccine appointments trickled in at a sports complex in Mississauga, Ont.

Pobeda Cristiano, who turns 79 next week, scored an appointment at the site after having difficulty using the booking portal and phone line.

“I started getting a headache,” she said about booking online.

She drove to the location and staff helped her get in line.

Others had an easier time with the booking portal. Bob Barbil, 78, booked his appointment online in the morning and had received the shot by noon.

“(It was) excellent. No waiting and lots of people who volunteer,” he said.

Solicitor General Sylvia Jones said about 90,000 appointments had been booked in the first few hours after it opened to the wider demographic group Monday morning.

Despite the issues, Jones said she was “confident” that expected supply increases over the next several weeks would speed up the process.

Health Minister Christine Elliott pledged on Monday to get an AstraZeneca shot on camera, joining a growing roster of politicians doing so to restore public confidence in the vaccine.

“If I can convince one other person to receive the AstraZeneca vaccine and that helps protect them and their health and safety and that of their families, I’m more than happy to do that,” Elliott said.

Concerns about that vaccine first arose when initial trials did not include many seniors, and more recently after several European nations suspended use of the vaccine following repots of some cases of blood clots in patients. The European Medicines Agency has since concluded the vaccine did not raise the overall risk of clots, and Health Canada has declared it safe.

Ontario is eager to speed up its vaccination campaign as it enters a third wave of infections.

Health officials said Monday that current data indicates variants represent more than 46 per cent of new cases. Dr. David Williams, the province’s chief medical officer, said people infected with virus variants seem to be presenting more at hospital ICUs and those cases are showing higher levels of mortality, a pattern that has been seen elsewhere in the world.

Those trends were reported days after the province loosened public health restrictions on restaurants by allowing up to 50 people to dine indoors in the “red” zone of its pandemic framework — the strictest level short of a lockdown.

Williams said that decision, which was met with criticism and alarm from the physicians, was made after restaurants raised concerns about the smaller limit. He said it’s businesses’ responsibility follow the guidelines.

“I was OK to allow this variation to come in if there was checks and balances,” he said. “It’s, in a way, an agreement, a contract with the public to say, ‘You really want to have this, you can get it, but you’ve got to follow all the rules very carefully.”’

NDP Leader Andrea Horwath said the decision was “surprising” given that there are inadequate protections for workers to take time off if they become sick.

“I think it’s a recipe for the possibility of a massive third lockdown and that’s the last thing these small businesses need,” she said.

On Monday, the province also announced plans to spend $1.2 billion to assist public hospitals in recovering from the financial pressures of COVID-19.

More than half of the funds will cover “historic working funds deficits” and $572 million will address losses from revenue sources affected by the pandemic, such as parking and retail services.

Ontario reported 1,699 new cases of COVID-19 on Monday and three more deaths linked to the virus.

This report by The Canadian Press was first published March 22, 2021.

– With files from Denise Paglinawan in Mississauga

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

Published

 on

 

TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

___

Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

Published

 on

 

Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

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

Companies in this story: (TSX:SHOP)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

Published

 on

 

TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

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

Companies in this story: (TSX:REI.UN)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version