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Ontario reports 2,938 new coronavirus cases today, 3,041 on Sunday – CP24 Toronto's Breaking News

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Provincial health officials say Ontario logged more than 2,900 new COVID-19 cases today and more than 3,000 on Sunday, driving the number of active infections above 25,000 for the first time in months.

According to Ontario’s ministry of health, 2,938 new cases were reported today and 3,041 infections were recorded on Sunday.

The number of infections confirmed over the past two days are in line with daily case counts reported earlier this weekend. The province reported 3,009 new cases on Saturday and 3,089 on Friday.

Approximately 36,600 tests were completed over the past 24 hours and nearly 46,400 tests were processed one day prior. According to the province, today’s positivity rate is 7.8 per cent, the highest it has been since January 12.

The rolling seven-day average of new cases is now 2,758, up from 2,094 just one week ago.

Another 22 virus-related deaths were confirmed in Ontario over the past two days, bringing the total number of deaths in the province to 7,450. The average daily death toll is up week-over-week, from 14 last Monday to 16 today.

Intensive care admissions continue to reach alarming levels, with a record 494 COVID-19 patients currently in ICUs across Ontario, according to the latest numbers from the province.

Of those patients in intensive care, 469 are testing positive for COVID-19, the province says, while the other 25 were admitted due to the virus but are no longer testing positive.

According to information released by local public health units, there are at least 1,232 people with COVID-19 receiving treatment in Ontario hospitals.

The number of known active COVID-19 cases in Ontario is now 25,487, up from 18,965 one week ago.

Of the new cases reported today, 906 are in Toronto, 533 are in Peel Region, 391 are in York Region, 230 are in Ottawa, and 140 are in Durham Region.

Province’s shutdown won’t lead to ‘significant improvement’ in hot spots

Ontario is entering its first full week of the Ford government’s provincewide shutdown, halting in-person dining in all regions and closing gyms and other businesses, with the exception of retail stores, for at least a month.

Some experts have been critical of the new measures, suggesting that they do not go far enough to address the situation in some of the province’s COVID-19 hot spots, including Toronto and Peel Region.

“When you look at where transmission is occurring and you look at the measures that were in place before this announcement was made and then you look at what measures are here now, nothing really changes in many of the high-burden areas… Toronto and Peel have over a thousand new cases per day combined and they moved from grey zone into grey zone,” Dr. Isaac Bogoch, an infectious diseases specialist and member of Ontario’s COVID-19 vaccine task force, told CP24 on Monday morning.

“Things are even a little bit more permissive than they were a while ago so I just don’t think we can expect significant improvement, if any, especially in these hot spots in Toronto and Peel and other places that were already in the grey zone. I don’t think it would come to anyone’s surprise if we continue to see cases climb.”

The more transmissible variants of concern propelled Ontario into a third wave of the pandemic last month and to date, 2,135 cases of the B.1.1.7 variant, which was first detected in the United Kingdom, have been confirmed by provincial labs. More than 26,000 cases in Ontario have screened positive for a variant of concern but the lineage has not yet been determined through a lengthy process known as whole genome sequencing. The B.1.1.7 variant is believed to be the dominant strain for all new COVID-19 cases in Ontario.

More than 2.5 million doses of a COVID-19 vaccine have now been administered in the province, which began Phase 2 of the Ford government’s vaccination rollout plan at the beginning of the month.

The numbers used in this story are found in the Ontario Ministry of Health’s COVID-19 Daily Epidemiologic Summary. The number of cases for any city or region may differ slightly from what is reported by the province, because local units report figures at different times.

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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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