Connect with us

Business

PM: Feds, provinces agree vaccine prioritization should be consistent Canada-wide – CTV News

Published

 on


OTTAWA —
As the precise order of who will follow seniors, health care workers and high-risk populations in line to get COVID-19 vaccines is still being sorted out, Prime Minister Justin Trudeau says the federal and provincial governments agree that there should be a cross-Canada “consensus” on the matter.

With Health Canada now beginning its assessment of a fourth potential vaccine candidate — Johnson & Johnson’s — the prime minister said talks are ongoing with the provinces and territories about the “challenging ethical and societal” aspect of the country’s vaccine rollout.

Logistics aside, governments and health care experts are having to weigh and decide who will be prioritized and what the eventual order of precedence will be for Canadians to line up and be vaccinated.

According to the preliminary guidance issued by the National Advisory Committee on Immunization, prioritization will be based on three factors: the state of the pandemic when the vaccine is available; the supply available and number of doses required; and the risk-benefit analysis of key populations such as those who are at higher risk for adverse outcomes if they contract the novel coronavirus.

Based on that advisory group’s preliminary guidance, the recommendation is that essential workers and others who face increased risks related to COVID-19 should be vaccinated against the disease before everyone else. Examples of those at higher risk include providers of essential services, or those whose living or working conditions put them at higher risk.

The subsequent order of who gets vaccinated next remains a largely open question, however, in the race to see 70 per cent of Canadians vaccinated by September.

“We talked about it with the provinces last week on our 22nd first minister’s call, and there was a number of perspectives, but there seemed to be a consensus that we should all agree across the country on what that list looks like and make sure that it is applied fairly right across the country,” Trudeau told reporters on Tuesday.

“There are more conversations to come and we will keep Canadians informed as we determine what that right order of priority is. Other elements of it is, certain vaccines might be more effective with certain populations versus others, and that’s why the experts are going to be so important in making determinations around, what is the best path to move forward for our country,” said the prime minister.

Though, Health Minister Patty Hajdu said later that provinces will be able to refine the prioritizations based on their own regional demographics.

“At the end of the day it is the provinces who deliver health care and it is the provinces who will decide on the priority populations and of course we’re working closely to make sure that we have coordination across the country, and that we agree on the principles, which in fact we have, we have a shared set of principles,” Hajdu said.

“There are also some federal populations that we will obviously have to take care of ourselves as the federal government,” Hajdu said. Examples of these groups would presumably be Indigenous communities and federal inmates.

Manitoba Premier Brian Pallister said on Tuesday that he and other premiers still have outstanding questions that need to be answered.

“Clearly we need our most vulnerable folks, our seniors… our front-line care workers to get the vaccine earlier, we can all agree on that. But the devil’s in the details, when you get beyond that. Should it be done on the basis of age? Or how do you determine vulnerability? Should it be done on the basis of ethnicity? Should it be done on the basis of race in some way? These questions have to be addressed,” Pallister said.

“We’re not saying the federal government has to do it all but we’re saying that we need to have the criteria established and the priority should be common, not different in one side of Saskatchewan’s border with Alberta than it is on the other, or not different than it is in Ottawa from Gatineau, but rather that we have a co-ordinated strategy.”

In an interview on CTV’s Power Play, New Brunswick Premier Blaine Higgs said in his province he doesn’t anticipate there will be a huge line up of people who want to get vaccinated early on, but communicating as clearly as possible in advance of who will be eligible first will help avoid a “panic situation.”

So far, just over $284 million has been spent on distributing vaccines to Canadians, with overall more than $1 billion allocated to Canada’s vaccine procurement effort, as part of a more than $14-billion commitment over the next several years on research into and development of vaccines and therapeutics.

AGE MAY BE KEY FACTOR: TAM

Chief Public Health Officer Dr. Theresa Tam said Tuesday that work is underway right now on getting more “granular” in planning who among the highest risk groups will be first.

“That detail work is, you know, being taken very seriously by the provinces and territories as they begin to plan their immunization clinics.”

Then, once the priority groups are immunized, it’s possible the next easiest way to break down the order would be by age, said Tam.

“The age group, based on our analysis is actually the easiest and the most scientifically-sound way, I think, of increasing the population coverage,” she said.

“We know that underlying medical conditions put people at high risk but when we actually analyze all the different underlying medical conditions, and their age, it still comes out that the age is in fact the most important where you look at severe illness and mortality.”

There will also be groups who won’t be able to get a vaccine early on, due to the lack of research into the potential impacts on them, such as children and people who are pregnant.

“Kids haven’t really been engaged in a lot of the clinical trials, so that would be another age group for which data is needed, and we’ll be looking towards more data on pregnant women as well,” Dr. Tam said.

Asked whether he anticipates being among the earliest groups to get vaccinated, Trudeau said that he’s “going to trust the experts to make the right determination of what the priority populations are.”

With files from CTV News’ Ryan Flanagan

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Canada potash project may cost BHP growth elsewhere

Published

 on

BHP Group is under pressure from Canada to greenlight a giant potash project when it makes a final investment decision by mid-year but some investors said the world’s biggest miner may obtain better returns by ploughing the funds elsewhere.

The fertiliser ingredient will be in oversupply over much of the next decade, crimping returns from the project, and BHP may be better off investing more in commodities like copper and nickel which are seeing booming demand from the adoption of electric vehicles and solar power, they said.

The Anglo-Australian company would ease investor concerns if it firms up a plan to sell a stake in the project, one investor said. BHP has said a stake sale was an option.

The Jansen project in Canada‘s Saskatchewan province is estimated to cost up to $5.7 billion in the first phase which is expected to take five years and have an annual capacity to produce around 4.4 million tonnes of potash with an estimated mine life of 100 years. It will have capacity for an additional 12 million tonnes in stages thereafter.

BHP has already sunk $4.5 billion into the project, its first foray into potash, led by previous chief executive Andrew Mackenzie. The world’s biggest miner estimates demand for the ingredient could double by the late 2040s to become a $50 billion market.

The project would be Saskatchewan’s largest investment ever, said the province’s Energy and Resources Minister Bronwyn Eyre.

“We’re cautiously optimistic that this year will bring good news for the project. We hope it’s full steam ahead,” she said.

BHP’s annual capital expenditure of as much as $1.1 billion for the project would be significant compared with the $6.3 billion it expects to spend this year, and some investors said the money could be put to better use.

“I can understand the logic of developing it to diversify the earnings stream and create a long-return channel,” said Ben Cleary, portfolio manager at Tribeca Investment Partners in Singapore, which owns BHP shares.

“But I would be surprised not to see the majority of capex spend on base metals, given how positive they are on the latter. Are they really going to put potash ahead of base metals?”

IDLED CAPACITY

Market economics for potash currently are a challenge, say industry executives.

BHP would compete with Nutrien Ltd, Mosaic Co and K+S AG, all of which operate mines in Saskatchewan.

Nutrien has five million tonnes of idled potash capacity currently, Chief Executive Mayo Schmidt told Reuters earlier in May, though he expects rising demand to absorb that by 2030.

“Both Nutrien and Mosaic have latent capacity that could come on, and it’s certainly going to come on at better economics than a greenfield would,” Mosaic Chief Executive Joc O’Rourke told Reuters in an interview this month.

Some analysts, like Ben Isaacson of Scotiabank, though, are positive on Jansen.

The first phase would not significantly disrupt the market and the steady growth in global potash demand means the extra output will be needed by 2030, he said. Scotiabank in April pegged the probability of BHP approving Jansen’s first phase at 90%.

BHP chief executive Mike Henry has said he was not comfortable with the project’s spending but that a decision on its fate will be taken based on what it sees as the best use of shareholder capital. BHP declined to offer additional comment.

The silver lining in all the spending that has “de-risked” the project is that it may be easier for BHP to sell a stake, said one institutional investor who owns BHP shares and declined to be named because it was against his firm’s policy.

“They do need to start investing (more) in future facing commodities,” said the investor.

“They have said they may look to sell down the project once they have de-risked it. That sort of option could still be on the table.”

 

(Reporting by Clara Denina in London, Jeff Lewis in Toronto, Rod Nickel in Winnipeg and Melanie Burton in Melbourne; Editing by Muralikumar Anantharaman)

Continue Reading

Business

7 Reasons Why America Loves Doing Business with Canada

Published

 on

Canada is one of the United States’ most important trading partners. According to the United States Census Bureau, Bureau of Economic Analysis, the US exports over $300B worth of goods and services to Canada annually. It also imports over $300B worth of goods and services from the country every year.

In fact, the trade relationship between the two North American countries is the biggest in the world. The two nations have traded for over 100 years. And a strong trade relationship is prosperous for both countries.

So, what makes Canada such an excellent trading partner for the United States? Here are a few good reasons:

1. Geographical Location

Canada shares a large border with the United States. Trading with Canada is easy by road, boat, or air. Most of the economic hotspots in Canada like Toronto, Vancouver, and Calgary are just a short flight away from an American city.

2. Manufacturing Strengths

Canada has some exceptional exports thanks to its vast manufacturing strengths. Here are a few of its two products:

  • Non-renewable Energy: Canada’s non-renewable energy exports like oil and gas are a significant part of its economy. Although falling gas prices have impacted this sector, Canada continues to depend on its gas and oil exports.
  • Composite Manufacturing: You’ll find plenty of world-class options if you’re looking for advanced composite manufacturing in Canada regardless of your industry. The Canadian composite manufacturing industry serves many national and international clients in sectors such as defence, transportation, marine, aerospace, medical, industrial, energy, home appliances, construction, and more.
  • Vehicle: Canada has a renowned automotive sector, producing light trucks, crossovers, SUVs, etc., with its technologically advanced factories. 95% of Canada’s automotive exports go to the United States.
  • Aluminum: The Great White North produces some of the best quality aluminum in the world. The United States happens to be Canada’s biggest importer of aluminum.
  • Meat and Dairy: Canada produces meat, beef, poultry, and dairy known for its quality. Unlike some countries, Canada doesn’t use harmful hormones in its meat industry.

3. Good Tax Treaties

Canada has many provisions that make business favourable for American companies. For example, a non-resident corporation that does not otherwise have a permanent establishment (PE) in Canada may do business without paying income tax on its profits. Canada also offers favourable corporate taxes, especially compared to the United States.

Aside from federal incentives, many provinces offer provincial incentives to do business in Canada. For example, many American films and TV shows are shot in Toronto because of lucrative tax enticements.

4. Favourable Exchange Rates

Not only is the Canadian dollar stable, but it usually hovers 20% lower than the United States. The favourable exchange rate makes it cost-effective for the United States to import goods and services from Canada.

However, the exchange rate isn’t so low that it discourages Canadians from travelling to the United States or buying American products. Many economists consider the exchange rate to be in the sweet spot.

5. Similar Culture

Canada speaks the same language, eats the same food, plays the same sports, and consumes the same entertainment. A similar coculture without language barriers makes it easier for Americans to do business with Canada.

Of course, there are some parts of Canada where French is the most popular language. Likewise, Spanish is more prevalent in certain places in the United States. However, these issues are easily overcome with business cards, translators, and technology.

6. Prominent Tech Industry

Many American technology companies are doing business with Canada because of the country’s prominence on the tech stage. For example, Toronto produces more tech occupations than the Bay Area, New York, and even Silicon Valley.

Toronto also has over 2,000 startups and over 14,000 tech companies. In the MaRS Center, Canada also has one of the world’s largest innovation hubs. Canada is also the first nation in the world to develop a national AI strategy. There are over 500 international AI firms in the country. The world’s biggest concentration of AI startups is in Canada.

Besides the national AI strategy, there is plenty of other support for tech development in the country that’s attractive to the United States. Canada invested $900m in high-tech innovation and funded startup incubators in 2015.

Additionally, Canada offers many tax breaks to companies for research and development. It also provides special visa programs for investors and entrepreneurs in the tech industry.

7. Qualified Labour Pool

Canada has the second-highest tertiary education levels worldwide for people between the ages of 25 and 34, according to the Organisation for Economic Co-operation and Development (OECD). Canada’s highly skilled workforce stands at nearly 1.5 million people. Canada’s tech talent is also ranked highly for diversity.

These are just some of the many reasons why the United States enjoys doing business with Canada. Even with the economic climate changing, you can expect the partnership between the two countries to stand the test of time.

Continue Reading

Business

10 Ways to Make Your LinkedIn Profile Stand Out in 2021 – Part 2

Published

 on

Last week I provided 5 suggestions on how you can make your LinkedIn profile, which in 2021 is a non-negotiable must-have for job seekers, to stand out. The suggestions were:

 

  1. Add a headshot
  2. Create an eye-catching headline
  3. Craft an interesting summary
  4. Highlight your experience
  5. Use visual media

 

I’ll continue with my next 5 suggestions:

 

  1. Customize your URL

 

Your LinkedIn URL (Uniform Resource Locator) is the web address for your profile. The default URL will have your name and some random numbers and letters (https://www.linkedin.com/in/nick-kossovan-647e3b49). Customizing your profile URL (https://www.linkedin.com/in/nickkossovan/) makes your profile search engine friendly; therefore, you’re easier to find. As well a customized URL invites the person searching to make some positive assumptions about you:

 

  • You’re detail oriented.
  • You’re technologically savvy.
  • You understand the power of perception (Image is everything!).

 

James Wooden, one of the most revered coaches in the history of sports, is to have said, “It’s the little details that are vital. Little things make big things happen.”

 

To change your profile URL, go to the right side of your profile. There you’ll find an option to edit your URL. Use this option to make your URL concise and neat.

 

  1. Make connections

 

The more connections you have increases the likelihood of being found when hiring managers and recruiters, looking for potential candidates with your background, search on LinkedIn. Envision your number of connections as ‘the amount of gas in your tank.’

 

At the very least, you should aim to get over 500 connections. Anything below 500 LinkedIn will indicate your number of connections as an exact number (ex. 368). Above 500 connections, LinkedIn simply shows you have 500+ connections. Getting to 500 implies you’re a player on LinkedIn.

 

As much as possible, connect with individuals you know personally, have worked with, met in a professional capacity (tradeshow, conference), is in your city/region and industry/profession. If you’d like to connect with someone you haven’t met, send a note with your request explaining who you are and why you’d like to connect. (This’ll be my topic in next week’s column.)

 

  1. Ask for recommendations and skill endorsements

 

This is vital to making your profile stand out! Employers want to know that others think of your work.

 

When asking for a recommendation, or skill endorsements, think of all the people you’ve worked the past. Don’t just think of your past bosses; also think of colleagues, vendors, customers — anyone who can vouch for your work and professionalism.

 

Instructions on how to ask for, and give, a recommendation, can be found by going to the LinkedIn ‘Help’ field (Located by clicking on the drop-down arrow below the ‘Me’ icon in the upper right-hand corner.) and typing ‘Requesting a recommendation.’ Do the same for skill endorsements.

 

TIP: It’s good karma to write recommendations, and endorse skills, in return and to give unsolicited.

 

  1. Keep your profile active

 

LinkedIn is not simply an online resume — it’s a networking social media site. To get the most out of LinkedIn, you need to be constantly active (at least 3 times per week). Write posts and articles. Check out what is being posted, especially by your connections. Like and share posts that resonate with you. Engage with thoughtful comments that’ll put forward your expertise.

 

Join groups that align with your industry and professional interests. Groups are an excellent way to meet like-minded professionals with whom to network and share ideas and best practices.

 

  1. Check your LinkedIn profile strength

 

It’s in LinkedIn’s interest that you’re successful using their platform. Therefore, they’ve created a ‘Profile Strength Meter’ to gauge how robust your profile is. Basically, this gauge tells you completion level of your profile. Using the tips, you’ll be given, keep adding to your profile until your gauge rates you “All-Star.” For instructions on how to access your ‘Profile Strength Meter,’ use the LinkedIn’ Help’ field.

 

The 10 tips I offered is a starting point for building a LinkedIn profile that WOWs! Jobseekers need to make the most of their profile to stand out in a sea of candidates, sell their skills, and validate their accomplishments. Make it easy for the reader to get a feel for who you are professionally.

_________________________________________________

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send him your questions at artoffindingwork@gmail.com.

Continue Reading

Trending