adplus-dvertising
Connect with us

Business

Ontario Premier Ford calls out PM Trudeau, claims federal government is ignoring 'extremely serious' COVID-19 threat at airports – Yahoo News Canada

Published

 on


The Canadian Press

The empty chair: Canadians face first Christmas without loved ones lost to COVID-19

The COVID-19 pandemic has cast a pall over the holiday season, leaving thousands of chairs permanently empty at the Christmas dinner table.
Many Canadians are contending with a cascade of grief as they prepare for their first Christmas without a loved one who died of COVID-19, said Susan Cadell, a social work professor who studies grief at University of Waterloo.
Special occasions often evoke fond memories of the person who died, sharpening the pain of their absence, Cadell said.
The inexorable jolliness of the season can also make people feel more alone in their bereavement, said Cadell. The pandemic intensifies this isolation, she said, depriving mourners of communal rituals of commemoration and celebration.
Cadell said the COVID-19 crisis has left everyone with some degree of loneliness or loss. That’s why she advises people to “hold space” for grief during the holiday festivities, so we can support one another from afar.
Here are the stories of how Canadians who lost loved ones to COVID-19 are coping with Christmas grief: 

AFTER MORE THAN 20 YEARS APART, LAST YEAR WAS THE “BEST CHRISTMAS EVER” 
Jaclyn Mountain says her mother would be thrilled to see her Port Coquitlam, B.C., home decked out in Christmas lights for the first time in 15 years.
She’d hoped the extra decorations would help put her in a festive mood, but she knows nothing can replace Cindy Mountain’s exuberant holiday spirit.
Jaclyn Mountain said that she and her sister, Marilyn Tallio, barely got to see their mother over the holidays when they were children growing up with their uncle in ‘Namgis First Nation in Alert Bay, a remote village located off the northern end of Vancouver Island.
Jaclyn Mountain said last year marked their first proper Christmas celebration together in more than 20 years.
But she said Cindy Mountain was eager to make up for lost time, spending a full month living in close quarters with her daughters and grandchildren.
“It was the best Christmas ever,” Tallio said.
Only a few months later, Cindy Mountain developed symptoms for what she believed to be a cold, her daughters said. She died of COVID-19 in April at age 59.
The sisters also lost the uncle who raised them this year. And while his death wasn’t related to COVID-19, Jaclyn Mountain said the virus has hit their hometown, and she fears for the elders who live there.
“Every day, I try not to think about it,” she said. “But it just pops into your head and you just cry.”
Despite her devastation, Jaclyn Mountain said she’s determined to give her children the best Christmas possible as she struggles to muster some of her mother’s unwavering cheer.
“She just likes us to be happy and healthy and positive,” she said. “I take a lot after my mom, actually. But there’s those days where it’s just so hard.”

300x250x1

PUTTING OFF THE CHRISTMAS TREE 
Paul Doroshenko says his grandmother, Kathren Hartley, kept her hands busy over her 106 years.
An avid knitter and seamstress, Hartley stitched countless garments and toys for her five children, nine grandchildren and 11 great-grandchildren.
Around 20 years ago, Doroshenko said Hartley started gifting him wool socks, on the condition that he remember her whenever he wears them.
Every year, as Christmas rolls around, the Vancouver lawyer said he pulls on a pair and Hartley’s handiwork keeps him warm.
One of his earliest memories is sitting next to Hartley on the sofa as she rubbed his back, her hands so tender that Doroshenko can still feel their touch at age 52.
He spent many childhood Christmases at his grandparents’ Edmonton homestead, where Hartley served stew made with vegetables grown in their “paradise” of a garden, replete with rose bushes to which she dotingly tended.
Doroshenko fondly recalls cobbling together the finest clothes he could find as a university student so he wouldn’t look too dishevelled on Hartley’s arm as he escorted her to the opera.
After moving to B.C. two decades ago, Doroshenko said he would return to his hometown to spend time with Hartley, reminding her of their history as her memory faded with age.
On Oct. 31, Hartley died in an Edmonton long-term care home after testing positive for COVID-19.
Since then, Doroshenko seems to see reminders of his grandmother everywhere: the well-worn pairs of socks in his drawer, the buds in his rose bush straining to bloom in the chill of December, and in the box of ornaments he hasn’t touched.
Doroshenko said he put off buying a Christmas tree until last Friday, leaving decorating to his children so he didn’t have to look through all the ornaments Hartley crafted for him.
There’s one in particular that makes him choke up with emotion — an ornament she made with a photo of a young Doroshenko sitting on his grandfather’s knee.
“I show it to my children every year,” he said. “That one is going to kill me when I see it.” 

RITUALS OF RENEWAL
Valery Navarrete said the death of her aunt, Delia Navarrete, has piled “layers upon layers of absence and loss” onto the holiday season.
There was the years-long, anticipatory mourning of watching the “Tia Delia” of her childhood memories slip away to dementia.
Then, in early November, the 84-year-old was one of many residents who died of COVID-19 as the virus ravaged her north Toronto long-term care home. 
Like so many people who have lost loved ones to COVID-19, Valery Navarrete and her family couldn’t hold a funeral for the sole relative who followed her father to Canada from Ecuador.
For many immigrant families, ritual serves as a crucial link to the place and people you left behind, said Navarrete.
She said the inability to come together and share in customs to honour her aunt’s life has compounded the grief of losing one of her most cherished connections to her culture.
Navarrete, who recently moved to Ottawa from Toronto, said the approach of Christmas has aggravated the ache of disconnection from her family.
Instead, Navarrete has found solace in another holiday ritual — the Ecuadorian New Year’s Eve tradition of burning of the “ano viejo,” or “the old year.” At the stroke of midnight, people set effigies ablaze in a symbolic purge of the past 12 months to clear the slate for the year ahead.
“It’s been a hard year. But there’s still there’s room for sadness and joy to sit next to each other,” Navarrete said.
“I hope everyone has a chance … to do some sort of ritual or reflection to let the year go, and create room for renewal.”

ROOM FOR ONE MORE AT THE TABLE
James McAlpine never met a stranger. There were only people he hadn’t had a chance to talk to yet.
A chartered accountant and Toastmaster public speaker, the Montreal native could strike up a conversation with just about anyone, according to his daughter, Marla McAlpine.
And if he caught wind that someone was without holiday plans, he would ask his wife, Roberta McAlpine, to set another place at the family’s Christmas table.
Roberta McAlpine relished playing hostess to a rotating cast of guests from various corners of her husband’s social orbit.
But this Christmas, Roberta McAlpine will eat a turkey dinner from Meals on Wheels alone, as the same virus that killed her husband prevents her from spending the holidays with her children in Ontario.
James McAlpine, who had dementia, died of COVID-19 in April at age 90 as part of a devastating outbreak in a long-term care home near Montreal.
Even if they can’t be together, Marla McAlpine said her father would want his family to make the most of this pandemic-altered holiday season, and prepare to pull out all the stops for their next big Christmas bash.
“(He would want us) to make up the opportunity as soon as that opportunity was available,” she said. “Maybe not even wait until Christmas.”
This report by The Canadian Press was first published Dec. 21, 2020.

Adina Bresge, The Canadian Press

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Business

Unveiling the Reality of Canada’s FACE Loan for Black Businesses

Published

 on

FACE Loan

In an effort to address economic disparities and promote entrepreneurship among Black communities, Canada introduced the Federal Black Entrepreneurship Program (FBEP) and the associated Black Entrepreneurship Loan Fund (BEFL). However, recent revelations have brought to light a shocking reality: the underutilization and obstacles faced by Black businesses in accessing the FACE (Funding for Black Entrepreneurship) loans. In this thought-provoking article, we delve into the numbers and uncover the challenges and experiences of Black entrepreneurs in navigating these loan programs. Through interviews with business owners, experts, and advocates, we shed light on the systemic barriers that hinder their success and explore potential solutions for a more equitable and inclusive lending landscape.

The FACE loan program was created with the intention of providing financial support and resources to Black-owned businesses. However, the reality has been far from the expected outcomes. Jessica Thompson, an economist specializing in racial disparities, states, “The FACE loan program was designed to address historical economic disadvantages, but the numbers reveal a significant gap between its objectives and the lived experiences of Black entrepreneurs.”

Black entrepreneurs face numerous hurdles when attempting to access FACE loans. A lack of awareness about the program, complex application processes, and limited outreach to communities in need contribute to low participation rates. Michael Johnson, a business owner, shares his frustration, saying, “It’s disheartening to see a program that was meant to uplift Black businesses fall short due to bureaucratic obstacles. Many of us struggle to navigate the application process and meet the stringent criteria.”

Systemic barriers and discrimination persist within the lending landscape, perpetuating the cycle of inequality. Dr. Maya Williams, a sociologist specializing in racial disparities, explains, “Structural racism and bias continue to disadvantage Black entrepreneurs. Discrimination in loan approvals, higher interest rates, and limited access to capital contribute to the challenges faced by Black-owned businesses.”

300x250x1

The consequences of the FACE loan program’s shortcomings are far-reaching. Many Black-owned businesses struggle to access the capital needed for growth, expansion, and operational sustainability. Tanya Campbell, a business owner, emphasizes, “The lack of financial support hampers our ability to scale our businesses, hire employees, and contribute to the local economy. It perpetuates a cycle of limited opportunities and restricted growth.”

To address the disparities within the FACE loan program, experts and advocates propose several solutions. Improved outreach and community engagement, simplified application processes and tailored support services can increase access and awareness among Black entrepreneurs. John Stevens, a business consultant, suggests, “The government must invest in targeted initiatives that address the specific needs and challenges faced by Black-owned businesses, such as mentorship programs, financial literacy training, and capacity-building initiatives.”

Addressing the challenges faced by Black entrepreneurs requires collaboration and accountability from various stakeholders. Governments, financial institutions, and community organizations must work together to create an inclusive lending ecosystem. Mary Johnson, an advocate for Black economic empowerment, states, “Transparency, accountability, and ongoing dialogue between policymakers, lenders, and Black entrepreneurs are essential to drive meaningful change and ensure equal opportunities for all.”

The FACE loan program aimed to empower Black entrepreneurs and address economic disparities, but the reality falls short of expectations. The underutilization and obstacles faced by Black businesses in accessing FACE loans highlight the pressing need for systemic change within the lending landscape. By acknowledging and addressing the structural barriers, streamlining processes, and fostering collaboration, we can create a more inclusive and equitable environment where Black entrepreneurs thrive. It is through proactive measures, collective effort, and ongoing dialogue that we can dismantle systemic inequities and build a future where Black-owned businesses have equal access to the resources and support necessary for success.

Continue Reading

Business

Oil Prices Climb As Default Fears Fade

Published

 on

Crude oil began trading this week with a gain after President Biden and House Speaker Kevin McCarthy were reported to have reached a provisional agreement on raising the debt ceiling.

At the time of writing, Brent crude was trading at over $77 per barrel and West Texas Intermediate was changing hands at over $73 per barrel.

Debt ceiling negotiations have been a major factor for oil price movements in the past couple of weeks, mostly because of the apparent inability of Republicans and Democrats in Congress to strike any semblance of an agreement on how to increase the federal government’s borrowing power.

300x250x1

According to early reports on the tentative deal, it involves flat spending over the next two years and the recycling of unused Covid funds.

Although such tense negotiations have been relatively regular in past years, they have eventually ended with an agreement, and default has invariably been avoided.

This historical evidence could have served to stabilize prices but it did not, and neither did mixed data about China’s recovery. On the one hand, PMI readings are showing an uneven rebound in economic activity, but on the other, demand for oil as evidenced by import rates, is going strong.

To complicate the picture further, OPEC+ is reportedly in two minds about what to do with its output at its next meeting.

According to reports quoting Saudi Energy Minister Abdulaziz bin Salman, he has hinted at another round of output cuts.

According to reports quoting Russia’s Deputy Prime Minister and top OPEC+ official Alexander Novak, the co-leader of the extended cartel is fine with production where it is right now.

Thanks to its recent gains, oil’s decline since the start of the year has shrunk from about 14% earlier this month to just 9% as of the start of this week, according to Bloomberg.

By Irina Slav for Oilprice.com

 

728x90x4

Source link

Continue Reading

Business

U.S. debt-limit deal brings relief tinged by caution

Published

 on

American equity futures posted modest gains amid cautious optimism the U.S. will avert a catastrophic default after the weekend’s tentative debt-ceiling deal. European stocks wavered in muted holiday-affected trading.

Contracts on the S&P 500 climbed about 0.2 per cent, while those on the Nasdaq 100 were up around 0.3 per cent, with trading set to end early for Memorial Day. The dollar, which has benefited from angst around the statutory borrowing limit, held Friday’s decline while Treasury futures were flat in the absence of cash trading.

The Stoxx Europe 600 index edged lower, with Spain’s benchmark underperforming after Prime Minister Pedro Sanchez called a surprise snap election following heavy losses for his party in regional and local elections Sunday. Volumes were about 60 per cent lower than usual as markets in the U.K. and some European countries remained closed for national holidays. SBB gained after the embattled Swedish landlord said it may look to sell the company. A gauge of Asia-Pacific equities rose, though Chinese shares slid closer to a bear market.

President Joe Biden and House Speaker Kevin McCarthy expressed confidence that their agreement to curtail spending and extend the borrowing limit will pass through Congress. But even assuming lawmakers seal the deal before the U.S. government runs out of cash in about a week, traders still have much to contend with — from the prospect of another interest-rate hike from the Federal Reserve to a likely deluge of bond issuance from the U.S. Treasury Department.

300x250x1

“The obvious positive interpretation is that a negative tail risk is close to being taken off the table,” said Dan Suzuki, deputy chief investment officer at Richard Bernstein Advisors. “With the distraction of the debt ceiling fading into the background, investors can now refocus their attention on the underlying fundamentals. One concern, though, is that the fundamental picture remains precarious.”

European bonds rose, with Germany’s 10-year yield falling about 11 basis points. Spain’s 10-year yield dropped by a similar amount.

Meanwhile, Turkey’s lira weakened after Recep Tayyip Erdogan won a presidential runoff election on Sunday, extending his time as the nation’s longest-serving leader and leaving investors looking for any signs he’ll start to relax the state’s tight grip over markets. The nation’s stocks benchmark gained.

Gold was flat on waning demand for havens, while as oil held onto most of Friday’s gains and Bitcoin climbed, reflecting a modestly buoyant tone.

‘UNCERTAINTY PERSISTS

The agreement struck by Biden and McCarthy is running against the clock given that June 5 is the date when Treasury Secretary Janet Yellen has said cash will run out. There is plenty in the deal that Democrats and Republicans won’t like.

“Uncertainty persists regarding the duration and severity of the ongoing earnings recession, and perversely, the near-term tightening of liquidity may worsen due to the government’s need to address its debt issuance backlog,” said Suzuki. “While the markets managed to avert an immediate crisis, the coast is far from all-clear just yet.”

The rate-sensitive two-year Treasury drifted Friday as traders considered how a debt agreement could play into the Fed’s path forward on interest rates. The two-year yield hovered around 4.65 per cent after a report on consumer spending showed the Fed still has more work to do to bring inflation back toward its target.

“Markets will have the liquidity hassles to deal with, as the Treasury will issue a deluge of bonds to restore its cash reserves,” said Charu Chanana, market strategist at Saxo Capital Markets. “Not to forget, the hawkish re-pricing of the Fed path that we have seen last week could possibly get firmer if we get a hot jobs print this week.”

Key events this week:

  • U.S. Memorial Day holiday. U.K., Switzerland and some Nordic markets also closed for holidays, Monday
  • Eurozone economic confidence, consumer confidence, Tuesday
  • U.S. consumer confidence, Tuesday
  • Richmond Fed President Thomas Barkin interviewed by NABE as part of monetary policy webinar series, Tuesday
  • China manufacturing PMI, non-manufacturing PMI, Wednesday
  • U.S. job openings, Wednesday
  • Fed issues Beige Book economic survey, Wednesday
  • Philadelphia Fed President Patrick Harker has fireside chat on the global macro-economy and monetary conditions, Wednesday
  • Boston Fed President Susan Collins and Fed Governor Michelle Bowman speak in Boston, Wednesday.
  • ECB issues financial stability review, Wednesday
  • China Caixin manufacturing PMI, Thursday
  • Eurozone HCOB Eurozone Manufacturing PMI, CPI, unemployment, Thursday
  • U.S. construction spending, initial jobless claims, ISM Manufacturing, light vehicle sales, Thursday
  • ECB issues report its May 3-4 monetary policy meeting. ECB President Christine Lagarde speaks at German savings banks conference, Thursday
  • Philadelphia Fed President Patrick Harker speaks on economic outlook at NABE’s webinar, Thursday
  • U.S. unemployment, nonfarm payrolls, Friday

Some of the main moves in markets:

Stocks

  • S&P 500 futures rose 0.2 per cent as of 9:56 a.m. New York time
  • Futures on the Nasdaq 100 rose 0.3 per cent
  • The Stoxx Europe 600 fell 0.2 per cent
  • The MSCI World index was little changed

Currencies

  • The Bloomberg Dollar Spot Index was little changed
  • The euro fell 0.1 per cent to US$1.0709
  • The British pound was unchanged at $1.2344
  • The Japanese yen rose 0.3 per cent to 140.22 per dollar

Cryptocurrencies

  • Bitcoin rose 1.3 per cent to $27,919.46
  • Ether rose 2.5 per cent to $1,901.1

Bonds

  • Germany’s 10-year yield declined 11 basis points to 2.43 per cent

Commodities

  • West Texas Intermediate crude fell 0.3 per cent to $72.43 a barrel
  • Gold futures were little changed

 

728x90x4

Source link

Continue Reading

Trending