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Ontario reports 1,631 new COVID cases Monday – SooToday

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Public Health Ontario has reported 1,631 new cases of COVID-19 today (March 8).

Today’s report includes 994 recoveries and 10 new deaths, none were long-term care residents.

The deaths reported today include five people between 60 and 79 years old, and five people aged 80 or older.

The province has reported 51 new hospitalizations since yesterday, and seven new admissions of COVID-19 patients to intensive care units.

The March 8 update provided by the province’s public health agency also reported the following data:

  • 11,016 active cases, which is up from 10,389 yesterday
  • 626 people are currently hospitalized with COVID-19 in Ontario, up from 606 reported yesterday. 
  • There are 282 COVID patients in intensive care units (up from 273) and 184 COVID patients on ventilators (up from 179 reported yesterday)
  • 38,063 tests were processed yesterday resulting in a 3.4 per cent positivity rate.
  • Another 13,891 tests are still under investigation and/or being processed. To date, 11.4 million tests have been completed.
  • Of the 1,631 new cases reported today, 568 are from Toronto, 322 cases are from Peel, 119 are from York Region, and 48 are from Simcoe-Muskoka
  • There are 79 active outbreaks at long-term care homes, 59 at retirement homes, and 20 at hospitals. 
  • The new cases reported today include 321 individuals aged 19 and under, 596 people between 20 and 39 years old, 447 people between 40 and 59 years old, 224 people between 60 and 79 years old, and 47 people aged 80 and over.

Variants of concern reported by Public Health Ontario

  • 879  lab-confirmed cases of the UK variant strain of COVID-19 (B.1.1.7). 
  • 39 cases of B.1.351 (also known as the South African variant).
  • 17 cases of P.1, which is the variant strain that originated in Brazil. 
  • According to Public Health Ontario, there are delays between specimen collection and the testing required to confirm a variant of concern. As such, the reports can change and can differ from past case counts publicly reported.

Vaccines

  • There were 21,882 doses of vaccines against COVID-19 administered on March 7, which is down from 30,192 administered on Mar. 6. 
  • As of 8 p.m. on March 7, the province reported 912,486 doses of vaccine against COVID-19 have been administered.
  • In total, 273,676 people have been fully vaccinated.

Public Health Ontario has confirmed 309,927 cases of COVID-19 since the start of the pandemic, and reported 290,840 recoveries and 7,077 deaths, of which 3,876 were individuals living in long-term care homes.

The cumulative average incidence rate in the province is 2,085 cases per 100,000 people in Ontario.

The weekly incidence rate in Ontario is 50.7 cases per 100,000 people, which is a decrease of 1.6 per cent from last week (Feb. 20-26). 

In Northern Ontario, the breakdown of Public Health Ontario data is:

  • Algoma Public Health: 200 cases, rate of 174.8 per 100,000 people. There are five known active cases. The region is in the yellow – protect zone.
  • North Bay Parry Sound District Health Unit: 266 cases, rate of 205 per 100,000 people. The health unit has reported 269 cases. There are six known active cases. There are two confirmed cases of the United Kingdom (B.1.1.7) variant, and 16 confirmed cases of the South African (B.1.351) variant of concern. The region is in the red – control zone.
  • Porcupine Health Unit: 342 cases, rate of 409.9 per 100,000 people. There are seven known active cases. The region is in the orange – restrict zone.
  • Public Health Sudbury and Districts: 791 cases, rate of 397.4per 100,000 people. The health unit has reported 784 cases. There are 181 known active cases. There are three confirmed variants of concern (VOC) cases, both are the UK (B.1.1.7) strain. The region is in the red zone.
  • Timiskaming Health Unit: 104 cases, rate of 318.1 per 100,000 people. The health unit has reported 106 cases. There are 12 known active cases. There is one confirmed case of the South African (B.1.351) variant of concern. The region is in the orange – restrict zone.
  • Northwestern Health Unit: 514 cases, rate of 586.3 per 100,000 people. The health unit has reported 500 confirmed cases. There are 44 known active cases. There is one confirmed case of the UK (B.1.1.7) variant. The region is in the yellow – protect zone.
  • Thunder Bay District Health Unit: 2,002 cases, rate of 1,335 per 100,000 people.  The health unit has reported 1,994 cases, There are 470 known active cases. The region is in the grey – lockdown level.

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Canadian Business During the Pandemic

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In 2019 the world was hit by the covid 19 pandemic and ever since then people have been suffering in different ways. Usually, economies and businesses have changed the way they work and do business. Most of which are going towards online and automation.

The people most effected by this are the laymen that used to work hard labors to make money for there families. But other then them it has been hard for most business to make such switch. Those of whom got on the online/ e commerce band wagon quickly were out of trouble and into the safe zone but not everyone is mace for the high-speed online world and are thus suffering.

More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research. You can only imagine how many families these businesses were feeding, not to mention the impact the economy and the GDP is going to bear.

The Canadian Federation of Independent Business said one in six, or about 181,000, Canadian small business owners are now seriously contemplating shutting down. The latest figures, based on a survey of its members done between Jan. 12 and 16, come on top of 58,000 businesses that became inactive in 2020.

An estimate by the CFIB last summer said one in seven or 158,000 businesses were at risk of going under as a result of the pandemic. Based on the organization’s updated forecast, more than 2.4 million people could be out of work. A staggering 20 per cent of private sector jobs.

Simon Gaudreault, CFIB’s senior director of national research, said it was an alarming increase in the number of businesses that are considering closing.

We are not headed in the right direction, and each week that passes without improvement on the business front pushes more owners to make that final decision,”

He said in a statement.

The more businesses that disappear, the more jobs we will lose, and the harder it will be for the economy to recover.

In total, one in five businesses are at risk of permanent closure by the end of the pandemic, the organization said.

The new sad research shows that this year has been horrible for the Canadian businesses.

 

The beginning of 2021 feels more like the fifth quarter of 2020 than a new year,” said Laura Jones, executive vice-president of the CFIB, in a statement.

She called on governments to help small businesses “replace subsidies with sales” by introducing safe pathways to reopen to businesses.

There’s a lot at stake now from jobs, to tax revenue to support for local soccer teams,”

Jones said.

Let’s make 2021 the year we help small business survive and then get back to thriving.”

The whole world has suffered a lot from the pandemic and the Canadian economy has been no stranger to it. We can only pray that the world gets rid of this pandemic quickly and everything become as it used to be. Although I think it is about time, we start setting new norms.

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Shopify shares edge up after falling on executive departures

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By Chavi Mehta

(Reuters) -Shopify Inc shares edged higher on Thursday, recovering partially from the previous day’s fall, with analysts saying the news of planned senior executive departures may have limited impact due to the company’s deep talent pool.

Chief Executive Officer Tobi Lutke said in a blog post on Wednesday the company’s chief talent officer, chief legal officer and chief technology officer will all leave their roles.

“We remain confident it (Shopify) can continue to execute at a high level, despite the departures,” Tom Forte, analyst at D.A. Davidson & Co said, pointing to the company’s “deep bench of talented executives.”

Shopify, which provides infrastructure for online stores, has seen its valuation soar in the past year as many businesses went virtual during the COVID-19 lockdowns, turning it into Canada‘s most valuable company.

Shopify declined to comment further on Lutke’s statement suggesting current company leaders would step in to fill the three roles. After chief product officer Craig Miller left in September, Lutke took on the role in addition to CEO.

The Ottawa-based company is Canada‘s biggest homegrown tech success story, founded in 2006 and supporting over 1 million businesses globally, according to the company.

Jonathan Kees, analyst at Summit Insights Group, called the timing of the departures “a little alarming” but said the specific roles make it less concerning, given that the executives leaving are “more back-office roles.”

Lutke said each one of them had their individual reasons to leave, without giving details.

“I am willing to give Tobi’s explanation the benefit of the doubt,” Kees added.

Toronto-listed shares of Shopify were up 3.5% at C$1526.41 on Thursday, giving it a market value of C$188 billion ($150 billion). It ended down 5.1% on Wednesday.

“While we would refer to the departure of three high-level executives as ‘significant,’ we would not refer to it as a ‘brain drain,'” Forte added.

($1 = 1.2541 Canadian dollars)

(Reporting by Subrat Patnaik in Bengaluru; additional reporting by Moira Warburton in Vancouver; Editing by Sherry Jacob-Phillips and Dan Grebler)

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Almost half of Shopify’s top execs to depart company: CEO

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By Moira Warburton

(Reuters) – Three of e-commerce platform Shopify’s seven top executives will be leaving the company in the coming months, chief executive officer and founder of Canada‘s most valuable company Tobi Lutke said in a blog post on Wednesday.

The company’s chief talent officer, chief legal officer and chief technology officer will all transition out of their roles, Lutke said, adding that they have been “spectacular and deserve to take a bow.”

“Each one of them has their individual reasons but what was unanimous with all three was that this was the best for them and the best for Shopify,” he said.

The trio follow the departure of Craig Miller, chief product officer, in September. Lutke took on the role in addition to CEO.

Shopify, which provides infrastructure for online stores, has seen its valuation soar in the last year as many businesses went virtual during COVID-19 lockdowns. It has a market cap valuation of C$182.7 billion ($146 billion), above Canada‘s top lender Royal Bank of Canada.

It is Canada‘s biggest homegrown tech success story, founded in 2006 and supporting over 1 million businesses globally, according to the company.

“We have a phenomenally strong bench of leaders who will now step up into larger roles,” Lutke said, but did not name replacements.

Shopify said in February revenue growth would slow this year as vaccine rollouts encourage people to return to stores and warned it does not expect 2020’s near doubling of gross merchandise volume, an industry metric to measure transaction volumes, to repeat this year.

Chief talent officer, Brittany Forsyth, was the 22nd employee hired at Shopify and has been with the company for 11 years. She said on Twitter that post-Shopify she would be focusing on Backbone Angels, an all-female collective of angel investors she co-founded in March.

Shopify shares fell 5.1% while the benchmark Canadian share index ended marginally down.

($1 = 1.2515 Canadian dollars)

 

(Reporting by Moira Warburton in Toronto; Editing by Aurora Ellis)

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