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Shares hold ground as China virus fears persist; euro hits seven-week low after ECB – The Journal Pioneer

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By David Randall

NEW YORK (Reuters) – Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China.

A Purchasing Managers’ Index (PMI) survey showed Germany’s private sector gaining momentum, with growth in services up and a pullback in manufacturing easing. British PMI figures for January showed the vast services sector returning to growth for the first time since August while a downturn in manufacturing slowed.

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The pan-European STOXX 600 index rose 1.13% following slight gains in Japan and Asia. On Wall Street, the Dow Jones Industrial Average rose 98.95 points, or 0.34%, to 29,259.04, the S&P 500 gained 4.47 points, or 0.13%, to 3,330.01 and the Nasdaq Composite added 38.29 points, or 0.41%, to 9,440.77.

“Sentiment among manufacturers is improving rapidly, meaning that expectations for a 2020 recovery are increasing,” ING economist Bert Colijn said of the euro zone.

“We are expecting growth to very gradually pick up over the course of the year.”

MSCI’s gauge of stocks across the globe gained 0.26%.

Concerns abated slightly about the global economic ramifications of a deadly coronavirus outbreak in China, after the World Health Organization designated it an emergency for China, but not yet for the rest of the world.

The virus has killed 26 people and infected more than 800. Chinese health authorities fear the infection rate could accelerate as hundreds of millions of people travel over the week-long Lunar New Year holiday, which began on Friday.

“Markets are waiting to see whether or not (the coronavirus) has a material impact on growth, and that’s hard to judge at the moment,” said Neil Wilson, chief analyst at Market.com.

As investors bet on riskier assets, some safe havens such as the Japanese yen and gold dipped.

The yen fell a sliver to 109.60 yen against the dollar, off two-week highs of 109.26 touched on Thursday. Gold fell 0.3%.

Benchmark 10-year notes last rose 6/32 in price to yield 1.7203%, from 1.739% late on Thursday.

U.S. crude dropped 1.7% to $54.67 a barrel while Brent slid 1.5% to $61.09.

(Reporting by David Randall; Editing by David Gregorio)

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RCMP warn about benzodiazepine-laced fentanyl tied to overdose in Alberta – Edmonton Journal

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Grande Prairie RCMP issued a warning Friday after it was revealed fentanyl linked to a deadly overdose was mixed with a chemical that doesn’t respond to naloxone treatment.

The drugs were initially seized on Feb. 28 after a fatal overdose, and this week, Health Canada reported back to Mounties that the fentanyl had been mixed with Bromazolam, which is a benzodiazepine.

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Mounties say this is the first recorded instance of Bromazolam in Alberta. The drug has previously been linked to nine fatal overdoses in New Brunswick in 2022.

The pills seized in Alberta were oval-shaped and stamped with “20” and “SS,” though Mounties say it can come in other forms.

Naloxone treatment, given in many cases of opioid toxicity, is not effective in reversing the effects of Bromazalam, Mounties said, and therefore, any fentanyl mixed with the benzodiazepine “would see a reduced effectiveness of naloxone, requiring the use of additional doses and may still result in a fatality.”

Photo of benzodiazepine-laced fentanyl seized earlier this year by Grande Prairie RCMP after a fatal overdose. edm

From January to November of last year, there were 1,706 opioid-related deaths in Alberta, and 57 linked to benzodiazepine, up from 1,375 and 43, respectively, in 2022.

Mounties say officers responded to about 1,100 opioid-related calls for service, last year with a third of those proving fatal. RCMP officers also used naloxone 67 times while in the field, a jump of nearly a third over the previous year.

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CFIA continues surveillance for HPAI in cattle, while sticking with original name for disease – RealAgriculture

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The Canada Food Inspection Agency will continue to refer to highly pathogenic avian influenza in cattle as HPAI in cattle, and not refer to it as bovine influenza A virus (BIAV), as suggested by the American Association of Bovine Practitioners earlier this month.

Dr. Martin Appelt, senior director for the Canadian Food Inspection Agency, in the interview below, says at this time Canada will stick with “HPAI in cattle” when referencing the disease that’s been confirmed in dairy cattle in multiple states in the U.S.

The CFIA’s naming policy is consistent with the agency’s U.S. counterparts’, as the U.S. Animal and Plant Health Inspection Service has also said it will continue referring to it as HPAI or H5N1.

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Appelt explains how the CFIA is learning from the U.S. experience to-date, and how it is working with veterinarians across Canada to stay vigilant for signs of the disease in dairy and beef cattle.

As of April 19, there has not been a confirmed case of HPAI in cattle in Canada. Appelt says it’s too soon to say if an eventual positive case will significantly restrict animal movement, as is the case with positive poultry cases.

This is a major concern for the cattle industry, as beef cattle especially move north and south across the U.S. border by the thousands. Appelt says that CFIA will address an infection in each species differently in conjunction with how the disease is spread and the threat to neighbouring farms or livestock.

Currently, provincial dairy organizations have advised producers to postpone any non-essential tours of dairy barns, as a precaution, in addition to other biosecurity measures to reduce the risk of cattle contracting HPAI.

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Toronto reports 2 more measles cases. Use our tool to check the spread in Canada – Toronto Star

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Canada has seen a concerning rise in measles cases in the first months of 2024.

By the third week of March, the country had already recorded more than three times the number of cases as all of last year. Canada had just 12 cases of measles in 2023, up from three in 2022.

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