adplus-dvertising
Connect with us

Economy

Ontario to begin gradual reopening of economy Wednesday, state of emergency to expire – StCatharinesStandard.ca

Published

 on


TORONTO – Ontario will begin to gradually reopen its economy on Wednesday but the government said it would move regions back into lockdown if COVID-19 cases spiked.

Premier Doug Ford said the province’s state of emergency would expire as scheduled on Tuesday and regions would transition back to a colour-coded restrictions system over the next three weeks. Until then, a stay-at-home order would remain in place.

“We can’t return to normal, not yet,” Ford said on Monday. “But we can transition out of the provincewide shutdown.”

300x250x1

As part of its efforts, the province is changing the rules to allow previously closed non-essential retailers in lockdown zones to reopen with capacity limits of 25 per cent.

“To those business owners who are struggling, I want you to know that we have listened,” Ford said.

Three health units — Hastings Prince Edward; Kingston, Frontenac and Lennox and Addington; and Renfrew County — will move into the least-restrictive green category on Wednesday, which means restaurants and non-essential businesses can reopen.

The Timiskaming Health Unit, which was also expected to move to the green category Wednesday, will be held back for a week since a COVID-19 variant was discovered in the region over the weekend, the province said.

On Feb. 16, all remaining regions except three hot spots in the Greater Toronto Area are set to move to the restrictions framework. The category they are placed in will depend on their local case rates.

Toronto, Peel Region and York Region are expected to be the last to make the transition on Feb. 22, but the province said any sudden increase in cases could delay that plan.

The province will also have an “emergency brake” in place to allow the government to quickly move a region back into lockdown if it experiences a rapid increase in cases or if its health-system becomes overwhelmed.

Health Minister Christine Elliott said the measure is meant to help deal with the risk posed by new variants of COVID-19.

“This is not a reopening, or a return to normal,” she said. “It’s an acknowledgement that we are making steady progress.”

A provincial lockdown was imposed in late December and was followed by the state of emergency and a stay-at-home order that took effect Jan. 14 as COVID-19 rates surged.

While cases have since declined, public health officials have said the spread of more contagious variants of COVID-19 are a concern.

Ontario’s chief medical officer of health, Dr. David Williams, has said he would like to see daily cases drop below 1,000 and the number of patients with COVID-19 in hospital intensive care units below 150 before lifting restrictions.

On Monday, he urged residents to remain cautious and follow public health rules.

“That number is not down yet where we need it to be to step back from the brink,” he said of the province’s cases. “Some ICUs are still having challenges.”

Ontario reported 1,265 new cases of COVID-19 on Monday, and 33 new deaths due to the virus.

In total, 901 people are hospitalized in Ontario due to COVID-19, including 335 in intensive care, and 226 people are on ventilators.

Dr. Andrew Morris, a professor of medicine at the University of Toronto, said he was encouraged by the gradual approach to reopening but noted that without movement controls between regions people will once again begin to travel.

Loading…

Loading…Loading…Loading…Loading…Loading…

“You get what we call cross-contamination,” he said. “People from areas of high transmission of the disease going to areas where there’s low transmission, and you bring your problems to someone else.”

Morris said he is also skeptical about how Ontario will apply the so-called “emergency brake,” saying by the time it’s applied to regions it’ll already be too late.

“You have a linear response, an incremental response, to an exponential problem. And it gets out of control,” he said.

The CEO of the Registered Nurses’ Association of Ontario said the province should have delayed the economic reopening until two to three weeks after all students resume in-person learning to determine if that has been accomplished safely. Students in Toronto, Peel Region and York Region will return to physical classrooms next week while schools in other regions have reopened.

Doris Grinspun said with the increasing spread of variant strains, caution is necessary.

“Now is not the time to soften it up,” she said. “Now is the time to sit tight.”

Meanwhile, the Canadian Federation of Independent Business which had recently asked that all businesses be allowed to open with a 20 per cent capacity limit, called Monday’s announcement a “small, positive step”.

But the group noted that even by Feb. 22, a number of regions are likely to remain in the strictest grey-lockdown category of the province’s restriction system.

“This is deeply unfair and will mean that in-person dining, personal services like hair and nail care, and gyms will remain in full lockdown with no end in sight,” the group said.

NDP Leader Andrea Horwath criticized the government for not putting measures in place to make the reopening safe, including more paid sick days for workers and COVID-19 testing in the workplace.

“Without those stronger public health measures, (Ford) might be dooming us to the cycle of illness and lockdowns, again and again,” she said.

This report by The Canadian Press was first published Feb. 8, 2021.

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Economy

China Wants Everyone to Trade In Their Old Cars, Fridges to Help Save Its Economy – Bloomberg

Published

 on


China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US and Europe, is set to receive a big boost from the government’s latest effort to accelerate growth.

That’s one takeaway from what Beijing has revealed about its plan for incentives that will encourage Chinese businesses and households to adopt cleaner technologies. It’s widely expected to be one of this year’s main stimulus programs, though question-marks remain — including how much the government will spend.

Adblock test (Why?)

300x250x1

728x90x4

Source link

Continue Reading

Economy

German Business Outlook Hits One-Year High as Economy Heals – BNN Bloomberg

Published

 on


(Bloomberg) — German business sentiment improved to its highest level in a year — reinforcing recent signs that Europe’s largest economy is exiting two years of struggles.

An expectations gauge by the Ifo institute rose to 89.9. in April from a revised 87.7 the previous month. That exceeds the 88.9 median forecast in a Bloomberg survey. A measure of current conditions also advanced.

“Sentiment has improved at companies in Germany,” Ifo President Clemens Fuest said. “Companies were more satisfied with their current business. Their expectations also brightened. The economy is stabilizing, especially thanks to service providers.”

300x250x1

A stronger global economy and the prospect of looser monetary policy in the euro zone are helping drag Germany out of the malaise that set in following Russia’s attack on Ukraine. European Central Bank President Christine Lagarde said last week that the country may have “turned the corner,” while Chancellor Olaf Scholz has also expressed optimism, citing record employment and retreating inflation.

There’s been a particular shift in the data in recent weeks, with the Bundesbank now estimating that output rose in the first quarter, having only a month ago foreseen a contraction that would have ushered in a first recession since the pandemic.

Even so, the start of the year “didn’t go great,” according to Fuest. 

“What we’re seeing at the moment confirms the forecasts, which are saying that growth will be weak in Germany, but at least it won’t be negative,” he told Bloomberg Television. “So this is the stabilization we expected. It’s not a complete recovery. But at least it’s a start.”

Monthly purchasing managers’ surveys for April brought more cheer this week as Germany returned to expansion for the first time since June 2023. Weak spots remain, however — notably in industry, which is still mired in a slump that’s being offset by a surge in services activity.

“We see an improving worldwide economy,” Fuest said. “But this doesn’t seem to reach German manufacturing, which is puzzling in a way.”

Germany, which was the only Group of Seven economy to shrink last year and has been weighing on the wider region, helped private-sector output in the 20-nation euro area strengthen this month, S&P Global said.

–With assistance from Joel Rinneby, Kristian Siedenburg and Francine Lacqua.

(Updates with more comments from Fuest starting in sixth paragraph.)

©2024 Bloomberg L.P.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Economy

Parallel economy: How Russia is defying the West’s boycott

Published

 on

When Moscow resident Zoya, 62, was planning a trip to Italy to visit her daughter last August, she saw the perfect opportunity to buy the Apple Watch she had long dreamed of owning.

Officially, Apple does not sell its products in Russia.

The California-based tech giant was one of the first companies to announce it would exit the country in response to Russian President Vladimir Putin’s full-scale invasion of Ukraine on February 24, 2022.

But the week before her trip, Zoya made a surprise discovery while browsing Yandex.Market, one of several Russian answers to Amazon, where she regularly shops.

300x250x1

Not only was the Apple Watch available for sale on the website, it was cheaper than in Italy.

Zoya bought the watch without a moment’s delay.

The serial code on the watch that was delivered to her home confirmed that it was manufactured by Apple in 2022 and intended for sale in the United States.

“In the store, they explained to me that these are genuine Apple products entering Russia through parallel imports,” Zoya, who asked to be only referred to by her first name, told Al Jazeera.

“I thought it was much easier to buy online than searching for a store in an unfamiliar country.”

Nearly 1,400 companies, including many of the most internationally recognisable brands, have since February 2022 announced that they would cease or dial back their operations in Russia in protest of Moscow’s military aggression against Ukraine.

But two years after the invasion, many of these companies’ products are still widely sold in Russia, in many cases in violation of Western-led sanctions, a months-long investigation by Al Jazeera has found.

Aided by the Russian government’s legalisation of parallel imports, Russian businesses have established a network of alternative supply chains to import restricted goods through third countries.

The companies that make the products have been either unwilling or unable to clamp down on these unofficial distribution networks.

 

728x90x4

Source link

Continue Reading

Trending