MONTREAL —
Quebec Premier Francois Legault said Thursday health risks for younger people returning to work are limited considering almost all Quebecers who have died of COVID-19 are over the age of 60.
And if those younger workers – particularly in the province’s important construction sector – can keep away from their parents and grandparents, “then we can start to reopen,” Legault told reporters during his daily news conference.
But the premier was guarded about when that will be and which businesses outside the construction sector will be allowed to operate when the province-wide shutdown ordered in March is eased.
What is becoming increasingly clear, Legault said, is that the COVID-19 infection rate in the province is expected to peak “in the next few days.” Government projections released Tuesday estimated the peak would arrive around April 18.
“We need to ensure that is true,” Legault said, “but the numbers are holding up. It’s been a few days now.”
Legault and the province’s director of public health, Horacio Arruda, say their number one priority is to control the spread of COVID-19 in order to reduce the number of deaths.
But in recent days, they both have begun talking about a need to balance economic growth with an acceptable rate of infection.
Figures released Thursday show Quebec had the largest unemployment rate increase in Canada in March, rising by 3.6 percentage points to 8.1 per cent. Legault said hundreds of thousands of Quebecers are in financial difficulty, and Arruda added that Quebecers cannot expect to eliminate all new infections.
“We will finish by accepting a certain level of transmission in society so that (the virus) burns itself out in time,” Arruda said. “We will always evaluate the balance of risks of reopening versus the potential pandemic context.”
He said his medical team will evaluate each sector of the economy, region by region, and make recommendations to the premier. Legault said he will focus on opening businesses “where people can keep a distance of two metres.”
Legault had shut down all businesses deemed “non-essential” in March and after initially considering a reopening in mid-April, extended the order until May 4.
The premier has recently suggested that key sectors, including construction, could open sooner. Construction alone employs hundreds of thousands of people and generates annual investments in the province of around $40 billion, according to the provincial agency that oversees the industry.
Yves-Thomas Dorval, president of Quebec’s main federation of employers, said Thursday he is happy with the optimistic tone shown by the premier. Dorval said his organization, the Conseil du patronat du Quebec, will have a concrete list of proposals for the government by the end of next week on how to reopen the provincial economy.
Dorval said the business community is concerned authorities want to restart the economy sector by sector, as opposed to taking a broader approach.
All businesses that are able to protect their workers and limit the spread of COVID-19 among their customers, he said, should be able to begin operating at the same time, to avoid the most disruption.
“The government wants to go by sector, by task, by job – we won’t get out that way,” he said in an interview. “I think we can move into a context of relaunch or reopening of the economy, with general principles on public health.”
Dorval says businesses that cannot always ensure workers and clients maintain a distance of two metres should still be able to open – under certain conditions. Those include equipping employees with protective gear, limiting contact with clients and ensuring all customers maintain adequate distance between themselves, he said.
Quebec reported 41 new deaths linked to COVID-19 Thursday, bringing the total to 216 in the province. Provincial health authorities said there are 10,912 confirmed cases of the virus, with 679 hospitalizations and 196 patients in intensive care.
Nearly half the deaths have come from long-term care facilities, but Legault stressed that not all such facilities have been seriously impacted by COVID-19. Most of the deaths are tied to six long-term care centres.
Ninety per cent of those who died were 70 years old or older and another nine per cent were aged between 60 and 69 years old, Legault said.
This report by The Canadian Press was first published April 9, 2020.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
OTTAWA – The economy added 47,000 jobs in September, while the unemployment rate declined for the first time since January to 6.5 per cent, Statistics Canada reported on Friday.
The agency says youth and women aged 25 to 54 drove employment gains last month, while full-time employment saw its largest gain since May 2022.
The overall job gains followed four consecutive months of little change, the agency said.
The unemployment rate has been steadily climbing over the past year and a half, hitting 6.6 per cent in August.
Inflation that month was two per cent, the lowest level in more than three years as lower gas prices helped it hit the Bank of Canada’s inflation target.
The central bank has cut its key interest rate three times this year, and is widely expected to keep cutting as inflation has subsided and the broader trend points to a weakening in the labour market.
Despite the job gains in September, the employment rate was lower in the month, reflecting continued growth in Canada’s population.
Statistics Canada said since the employment rate saw its most recent peak at 62.4 per cent in January and February 2023, it’s been following a downward trend as population growth has outpaced employment growth.
On a year-over-year basis, employment was up by 1.5 per cent in September, while the population aged 15 and older in the Labour Force Survey grew 3.6 per cent.
The information, culture and recreation industry saw employment rise 2.6 per cent between August and September, after seven months of little change, Statistics Canada said, with the increase concentrated in Quebec.
The wholesale and retail trade industry saw its first increase since January at 0.8 per cent, while employment in professional, scientific and technical services was up 1.1 per cent.
Average hourly wages among employees rose 4.6 per cent year-over-year to $35.59, a slowdown from the five-per-cent increase in August.
The unemployment rate among Black and South Asian Canadians between 25 and 54 rose year-over-year in September and was significantly higher than the unemployment rate for people who were not racialized and not Indigenous.
Black Canadians in that age group saw their unemployment rate rise to 11 per cent last month while for South Asian Canadians it was 7.3 per cent. For non-racialized, non-Indigenous people, it rose to 4.4 per cent.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
