Canada wants to change into safer by changing into extra self-sufficient. In a brand new collection — Strong & Free: Shockproofing Canada — the Post examines how a rustic made rich by globalization and commerce may also shield itself towards pandemics and different unknown future shocks to guarantee a few of our immense assets and financial energy are reserved for our personal safety.
Canada is in for a “long fight” to reopen its economy, one requiring not only a large improve in testing for COVID-19 but additionally a big overhaul in the means infectious illness knowledge is collected and shared amongst provinces, epidemiologists say.
Though latest knowledge suggests Canada has had success in flattening the curve of coronavirus instances, infectious illness consultants are warning towards seeing the numbers as an indication that the battle towards the virus is over — or that the nation has the obligatory instruments in place to reopen companies with out prompting a renewed flare up of the virus.
“Bending the curve in principle simply slows the intensity of people getting sick such that you don’t overwhelm the hospitals, that’s all it does,” stated Dr. Barry Bloom, a professor of public well being at Harvard University, specializing in infectious illnesses.
“Everybody locked up who has not tested positive is still susceptible. The virus looks for susceptibles and the only way the epidemic stops is when there aren’t enough of them to sustain it. So the question is, how do you let people out once you’ve protected the hospitals and how do you know when you’ve gone too far?”
Getting it mistaken may have devastating penalties for an already staggering economy. Most forecasts name for progress to hit a low level in April or May at which level it will stabilize or slowly get better. A second wave of COVID-19 instances may create a confidence shock to customers that may derail these predictions, stated Frances Donald, chief economist at Manulife Investment Management.
Coronavirus drive-thru testing in Etobicoke, Ont.
Nathan Denette/The Canadian Press information
“What worries me is that crawling out of this economic hole is already going to be extremely challenging,” Donald stated. “We are worried about the rise in defaults and delinquencies among businesses and households. And every time we shutter the economy we risk another wave of defaults.”
Getting an financial restart proper, most consultants agree, will overwhelmingly depend on the onerous work of testing, contact tracing and sharing knowledge, crucial duties that run the threat of being hindered by provide chain bottlenecks, a scarcity of consistency in testing protocols amongst provinces, poor knowledge sharing and difficulties introduced by the illness itself.
“You need very quick, very large scale testing in place before you do anything,” stated Amir Attaran, a professor of regulation and epidemiology at the University of Ottawa. “If you don’t have that in place, forget about it.”
Part of the problem comes down to the extremely contagious nature of the virus itself. In the early days of the pandemic, testing was restricted in numerous methods throughout the provinces to weak people, those that had travelled to COVID-19 hotspots and, crucially, to these with signs.
However, early proof from international locations which have engaged in widespread testing exhibits that between 25 and 50 per cent of these contaminated with COVID 19 don’t show any of its telltale indicators — together with a cough, a fever, shortness of breath and runny nostril. And as worldwide examples counsel, “if you don’t identify people who are asymptomatic transmitters it will flare up again,” stated Bloom.
As proof of simply how potent asymptomatic unfold will be, Bloom factors to a February assembly of 175 executives of the American biotechnology firm Biogen Inc. in Boston. Two weeks after the gathering, which included a minimum of one asymptomatic particular person, 75 per cent of the 108 Massachusetts residents contaminated with COVID-19 have been related to Biogen.
Early proof from international locations which have engaged in widespread testing exhibits that between 25 and 50 per cent of these contaminated with COVID 19 don’t show any of its telltale indicators.
Cole Burston/Getty Images information
“Any percentage of the population that is asymptomatic but infected and allowed back to work has a good shot within a two week period of infecting those they come into contact with,” Bloom stated. “The only way to know if they will is by testing and that means testing a hell of a lot of people.”
How many? Ontario, with a inhabitants of 14.5 million has examined 94,000 individuals with plans to double the variety of checks processed every day from a present 4000 to 14,000 by April 29, 2020 — at which level it says general lab capability will have been additional expanded. Iceland, against this, has already examined 100,000 of its 364,000 residents. Norway is operating 30 checks per 1,000 of its inhabitants — roughly double that of Ontario.
“No one knows how many you need, certainly millions,” Bloom stated. “You need as many as it takes to get the rate of infection down and keep it down. I’ll tell you the United States will never have enough so just start making them.”
Efforts to ramp up testing have nearly instantly run into what has now change into an indicator of the pandemic: shortages of crucial medical tools and units due to provide chain points.
COVID-19 testing includes the use of six-inch nasopharyngeal medical swabs, the overwhelming majority of that are produced by simply two firms: Copan, an Italian agency, and Maine-based Puritan Medical Products, stated Fazila Seker, president and chief govt of Toronto based mostly Molli Surgical Inc.
A health-care employee demonstrates how to take a throat swab pattern in Germany.
Sean Gallup/Getty Images information
“There is a massive shortage because there is unprecedented need,” stated Seker, whose firm has partnered with automotive producers NMC Dynaplas Ltd. to produce the swabs in Canada. “Every week there is a different bottleneck and that’s because the scale of need is so massive.”
Using open supply design info from researchers at Harvard University and Beth Israel Hospital, Molli Surgical expects to produce a million swabs by July 1, with manufacturing ramping up to 500,000 per week after that.
Beyond producing tools nevertheless, a accountable method to reopening the economy will rely on straightening out testing discrepancies amongst provinces and bolstering knowledge assortment to inform coverage, Attaran says.
Though the federal authorities collaborates with the provinces on testing, crucial selections about who’s examined, how the knowledge is gathered and what is shared — together with crucial “microdata” about sufferers ages and what number of find yourself in ICUs — sits at the provincial degree.
Every week there’s a totally different bottleneck and that’s as a result of the scale of want is so large
Fazila Seker
For occasion, whereas Alberta has made testing out there to anybody exhibiting signs of COVID-19, Ontario has restricted it to individuals sick sufficient to be in hospital, health-care employees, long-term care residents and Indigenous individuals. Manitoba and Quebec have equally established their very own procedures for administering checks.
Without a single baseline for who’s examined, what number of checks are administered per 100,000 inhabitants and the way the knowledge is reported to the federal authorities, no correct nationwide image of the virus’s unfold is feasible, stated Attaran.
“We’re comparing apples and oranges and that limits the uses to which you can put data,” he stated. “It limits the scientific questions you can reasonably answer and the decisions you can make. That’s really too bad given what we’re dealing with.”
OTTAWA – Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy.
Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.
Business, building and support services saw the largest gain in employment.
Meanwhile, finance, insurance, real estate, rental and leasing experienced the largest decline.
Many economists see weakness in the job market continuing in the short term, before the Bank of Canada’s interest rate cuts spark a rebound in economic growth next year.
Despite ongoing softness in the labour market, however, strong wage growth has raged on in Canada. Average hourly wages in October grew 4.9 per cent from a year ago, reaching $35.76.
Friday’s report also shed some light on the financial health of households.
According to the agency, 28.8 per cent of Canadians aged 15 or older were living in a household that had difficulty meeting financial needs – like food and housing – in the previous four weeks.
That was down from 33.1 per cent in October 2023 and 35.5 per cent in October 2022, but still above the 20.4 per cent figure recorded in October 2020.
People living in a rented home were more likely to report difficulty meeting financial needs, with nearly four in 10 reporting that was the case.
That compares with just under a quarter of those living in an owned home by a household member.
Immigrants were also more likely to report facing financial strain last month, with about four out of 10 immigrants who landed in the last year doing so.
That compares with about three in 10 more established immigrants and one in four of people born in Canada.
This report by The Canadian Press was first published Nov. 8, 2024.
The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.
The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.
CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent in 2023 and 1.7 per cent in 2022.
This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. Excluding two years of the pandemic, it would be the highest ratio in the country’s history.
While it’s not unusual for health expenditures to outpace economic growth, the report says this could be the case for the next several years due to Canada’s growing population and its aging demographic.
Canada’s per capita spending on health care in 2022 was among the highest in the world, but still less than countries such as the United States and Sweden.
The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.
This report by The Canadian Press was first published Nov. 7, 2024.
Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.
As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what effect his second term will have on Canada-U.S. economic ties.
Some Canadian business leaders have expressed worry over Trump’s promise to introduce a universal 10 per cent tariff on all American imports.
A Canadian Chamber of Commerce report released last month suggested those tariffs would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.
More than 77 per cent of Canadian exports go to the U.S.
Canada’s manufacturing sector faces the biggest risk should Trump push forward on imposing broad tariffs, said Canadian Manufacturers and Exporters president and CEO Dennis Darby. He said the sector is the “most trade-exposed” within Canada.
“It’s in the U.S.’s best interest, it’s in our best interest, but most importantly for consumers across North America, that we’re able to trade goods, materials, ingredients, as we have under the trade agreements,” Darby said in an interview.
“It’s a more complex or complicated outcome than it would have been with the Democrats, but we’ve had to deal with this before and we’re going to do our best to deal with it again.”
American economists have also warned Trump’s plan could cause inflation and possibly a recession, which could have ripple effects in Canada.
It’s consumers who will ultimately feel the burden of any inflationary effect caused by broad tariffs, said Darby.
“A tariff tends to raise costs, and it ultimately raises prices, so that’s something that we have to be prepared for,” he said.
“It could tilt production mandates. A tariff makes goods more expensive, but on the same token, it also will make inputs for the U.S. more expensive.”
A report last month by TD economist Marc Ercolao said research shows a full-scale implementation of Trump’s tariff plan could lead to a near-five per cent reduction in Canadian export volumes to the U.S. by early-2027, relative to current baseline forecasts.
Retaliation by Canada would also increase costs for domestic producers, and push import volumes lower in the process.
“Slowing import activity mitigates some of the negative net trade impact on total GDP enough to avoid a technical recession, but still produces a period of extended stagnation through 2025 and 2026,” Ercolao said.
Since the Canada-United States-Mexico Agreement came into effect in 2020, trade between Canada and the U.S. has surged by 46 per cent, according to the Toronto Region Board of Trade.
With that deal is up for review in 2026, Canadian Chamber of Commerce president and CEO Candace Laing said the Canadian government “must collaborate effectively with the Trump administration to preserve and strengthen our bilateral economic partnership.”
“With an impressive $3.6 billion in daily trade, Canada and the United States are each other’s closest international partners. The secure and efficient flow of goods and people across our border … remains essential for the economies of both countries,” she said in a statement.
“By resisting tariffs and trade barriers that will only raise prices and hurt consumers in both countries, Canada and the United States can strengthen resilient cross-border supply chains that enhance our shared economic security.”
This report by The Canadian Press was first published Nov. 6, 2024.
