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Suncor posts profit as crude prices recover from 2020 lows

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(Reuters) – Suncor Energy Inc on Monday reported first-quarter profit after a loss in the prior quarter, buoyed by a recovery in crude prices from the pandemic-led lows hit last year and cost cutting measures.

Like many of its peers, Suncor has been benefiting from a rebound in oil prices driven by a recovery in global fuel demand, after it was decimated in 2020 due to coronavirus lockdowns.

But the pandemic continues to rage in certain parts of the world and the demand outlook remains uncertain.

Canada‘s second-biggest oil producer said total production rose to 785,900 barrels of oil equivalent per day (boepd) during the first quarter ended March 31, from 769,200 boepd a quarter earlier.

Chief Executive Officer Mark Little said strong performance and free fund flow helped reduce its total debt by C$1.1 billion ($895.77 million) and repurchase over C$300 million in common shares in the quarter.

The company posted net earnings of C$821 million, or 54 Canadian cents per share, for the period, compared with a loss of C$168 million, or 11 Canadian cent per share, in the quarter ended Dec. 31.

($1 = 1.2280 Canadian dollars)

(Reporting by Sahil Shaw and Nivedita Balu in Bengaluru; Editing by Rashmi Aich)

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Parents more hesitant to vaccinate their kids against COVID-19. Here’s why – Globalnews.ca

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Jennifer Hubert jumped at the opportunity to get her COVID-19 vaccine, but she’s not looking forward to having to make the decision about whether to vaccinate her three-year-old son Jackson.

She recognizes the safety and effectiveness of vaccines, but said she also understands her son is at a much lower risk for serious illness than older adults.

“To me it’s not a clear benefit,” she said.

Read more:
‘No middle ground’: How children’s COVID-19 vaccination is polarizing parents

While many parents were overjoyed at the news that Health Canada is considering approval of the first COVID-19 vaccine for kids age five to 11 in Canada, parents like Hubert are feeling more trepidatious, and public health officials said they are going to have a much more nuanced conversation with parents about vaccination than they did with adults.

While 82 per cent of eligible Canadians aged 12 and up are already fully vaccinated, a recent survey by Angus Reid shows only 51 per cent of parents plan to immediately vaccinate their kids when a pediatric dose becomes available.

Of parents with children in the five to 11 year age range, 23 per cent said they would never give their kids a COVID-19 vaccine, 18 per cent said they would wait, and nine per cent said they weren’t sure, according to the survey of 5,011 Canadians between Sept. 29 and Oct. 3, which cannot be assigned a margin of error because online surveys are not considered random samples.

“Most of the research that I’ve seen sort of indicates that parents are more hesitant to vaccinate their kids against COVID than themselves,” said Kate Allen, a post-doctoral fellow at the Center for Vaccine Preventable Diseases of the University of Toronto.


Click to play video: 'Pfizer asks Health Canada to approve vaccine for kids aged 5 to 11'



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Pfizer asks Health Canada to approve vaccine for kids aged 5 to 11


Pfizer asks Health Canada to approve vaccine for kids aged 5 to 11

There are several reasons parents might pause, she said.

It’s true that children are at a much lower risk of serious outcomes associated with COVID-19, and there have been very rare incidents of mRNA vaccines like Pfizer or Moderna linked to cases of myocarditis, a swelling of the heart muscle.

As of Oct. 1, Health Canada has documented 859 cases associated with the vaccines, which mainly seem to affect people under 40 years old, and people who’ve developed the complication have typically been fine.

“I know it’s rare, I know it’s not deadly, but I also see the risk of severe symptoms from COVID as being rare and not deadly for Jackson,” Hubert said when asked about weighing up the risks and benefits of the vaccine.

Read more:
Canada getting 2.9M COVID-19 shots for kids ‘shortly’ after approval

But public health experts stress that some children do suffer from rare but serious impacts from COVID-19, which can also cause myocarditis as well as the little-understood impacts of the condition known as long COVID.

They say parents should consider the less tangible benefits of vaccination as well.

“It’s less of a conversation about a direct benefit to them, and more of a community benefit,” Allen said.

The pandemic has taken a heavy toll on children, depriving them of school, time with their peers, extracurriculars _ and their mental health has suffered as a result, said Dr. Vinita Dubey, associate medical officer of health with Toronto Public Health.

“Not one child has been spared from this pandemic. I mean every single child has had to bear a sacrifice because of the pandemic in one way or the other,” Dubey said.


Click to play video: 'Half of Canadian parents with children aged 5-11 want them to be fully vaccinated'



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Half of Canadian parents with children aged 5-11 want them to be fully vaccinated


Half of Canadian parents with children aged 5-11 want them to be fully vaccinated

So far Pfizer-BioNtech is the only manufacturer to request approval for its pediatric COVID-19 vaccine and Health Canada is still reviewing the data.

The regulator has promised the review will be thorough, and the vaccine will only be approved for children if the benefits outweigh the potential risks.

Policy-makers know they’re going to have to take parents’ concerns seriously as well.

On a recent tour of the Childrens’ Hospital of Eastern Ontario in Ottawa, Prime Minister Justin Trudeau spoke with Dr. Anne Pham-Huy, a pediatric infectious diseases physician.

“Vaccine confidence is going to be the most important part of it this time around,” Pham-Huy said, to which Trudeau agreed.

Dubey has published research on improving parents’ vaccine confidence when it comes to long-established inoculations like mumps and rubella.


Click to play video: 'Ontario gets ready to roll out COVID-19 vaccine for children once approved'



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Ontario gets ready to roll out COVID-19 vaccine for children once approved


Ontario gets ready to roll out COVID-19 vaccine for children once approved

While she offered several tips, they mainly come down to building trust. Her research focused on the role of family doctors, but she said during the pandemic anyone can be that trusted sounding board.

“It could be a faith leader, it could be an important family member or friend, someone who you trust, to help guide you to the right sources to make that decision,” she said.

Read more:
U.S. FDA says Pfizer’s COVID-19 vaccine is safe, effective for kids aged 5-11

With that in mind, several students from across North America launched a peer-to-peer education program called Students for Herd Immunity to allow kids to have those conversations among themselves.

The public health experts agree, the debate around vaccines has become polarized and open conversations will be the key to addressing parents’ concerns.

“I think one thing to say to parents is you don’t have to make your decision right away,” Dubey said. “I mean for those who are ready to make their decision, but it’s fine but if you have questions, seek the answers.”

Her only advice is to get those answers from a trusted source, and not social media.

© 2021 The Canadian Press

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Global National: Oct. 24, 2021 | Canadian businesses brace for pandemic benefits to wind down – Global News

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Edward Rogers to take battle for Rogers Communications Inc. to B.C. Supreme Court – CP24 Toronto's Breaking News

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TORONTO – The ousted chairman of Rogers Communication Inc. says he’ll go to the British Columbia Supreme Court in a bid to wrest back control of the company.

Edward Rogers made the assertion after holding a meeting that included five hand-picked directors, meant to replace members of the board that on Thursday removed him as its chair.

A statement from his camp says Edward Rogers was elected chair of the board at Sunday’s meeting.

An earlier statement from Rogers’ three siblings and the board they endorse pre-emptively rejected any outcome of Sunday night’s meeting, saying that only the board as it existed Thursday has any authority.

The statement says it comes from a group representing the majority of the board.

But Edward Rogers remains chair of the Rogers Control Trust, the controlling shareholder, which, along with Rogers family members, owns 97 per cent of Class A voting shares.

This report by The Canadian Press was first published Oct. 24, 2021.

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