Thailand Skips Lockdown to Save Economy, But GDP to Take Hit - Yahoo Canada Finance | Canada News Media
Connect with us

Economy

Thailand Skips Lockdown to Save Economy, But GDP to Take Hit – Yahoo Canada Finance

Published

 on


Local Journalism Initiative

Premier itching to ease restrictions

Premier Brian Pallister wants to reopen Manitoba’s economy by easing COVID-19 restrictions on businesses as soon as the end of this month the Free Press has learned. On Wednesday, the premier pulled back about easing restrictions, a week after stating the rules would almost certainly be relaxed. But senior government sources say Pallister remains “headstrong” about forging ahead with relaxing the rules quickly. On Dec. 30, Pallister said Manitobans “lessened our personal freedom to save lives” under code-red restrictions, which have been in place since Nov. 12.  “We’re going to be floating ideas we think should happen with easing restrictions, but I can’t speak to what Dr. (Brent) Roussin and what Dr. (Jazz) Atwal will say to that yet.” Pallister has repeatedly said the economy, which helps fund health and social programs, is suffering, and that must be taken into account. “So we need to make sure we’re doing everything we can to move into an open economy as soon as we possibly can,” he said Wednesday. Speaking to the Free Press on the condition they not be named, three Tory officials said the premier has his sights set on moving all of Manitoba from a critical code red lockdown to less strident code orange limitations by the beginning of February. It would mean most businesses would be allowed to reopen with limited capacity (including hair salons, restaurants and clothing retailers), while indoor and outdoor gatherings of up 10 people will also be permitted. “(Pallister) told us his idea of a benchmark for when restrictions should be eased is around a 100 or so daily cases — maybe even 180,” a government official with knowledge of the Tories’ planning said Wednesday. “But more than that, a lot of it has to do with the pressure that he’s been facing from commerce and business groups.” “I think he believes we might not have to dedicate so many resources to rescue businesses if they were allowed to at least somewhat reopen,” another senior Tory member told the Free Press.  When Manitoba phased out pandemic restrictions after the first wave of the coronavirus in the spring, the province had around 40 active cases with a single-digit increase per day or no increase at all in May. “This time, everything is really quite different,” said Cynthia Carr, an epidemiologist in Winnipeg. “We now have the realistic threat of a new strain, and even if a vaccine is providing good news, it’s certainly not enough to quickly ease restrictions and neither do we know for sure whether it will be effective against the new COVID strain detected in other provinces.” Carr said the province should not take a risky approach after “finally having a somewhat handle” on daily COVID-19 cases. “Let public health guide economic and social policy because the way to have a healthy economy is by having healthy people, and we’re the ones that know the risk of a symptomatic spread,” she said. “Period.” Business leaders, however, would welcome a lifting of some restrictions.  “As long as it’s safe and as long it’s achievable, of course that’s all we could want for our business community,” said Loren Remillard, president of the Winnipeg Chamber of Commerce. “It’s definitely been a significant period since we’ve locked down completely,” he said. “But now there’s enough research which shows how to find a sweet spot for reopening, and I think we should be looking at that for a realistic future of our economy surviving.” Jonathan Alward, Prairies director for the Canadian Federation of Independent Business, said the provincial government must continue to support local businesses regardless of restrictions.  “Reopening as quickly as possible is a make-or-break situation for many sectors,” said Alward. “That doesn’t mean they won’t need support even after they’re allowed to reopen — a capacity limit is a capacity limit.”  That’s certainly the case for Sam Rivait and Cait Bousfield’s new barbershop on Osborne Street. “At this point, we’ve been out of business for months and months now,” said hair stylist Rivait, who co-owns Good Fortune. “We’ve been getting message after message about the effect of not getting a haircut for all these months on people — it’s all so completely draining,” she said. Still, public health officials aren’t keen on the idea of reopening. Manitoba health leaders believe pandemic restrictions cannot be eased until test-positivity rates drop, hospitalization numbers decrease, and daily case counts decline. “It’s premature right now to determine any changes to our restrictions,” Dr. Brent Roussin, chief provincial public health officer, said Monday.  The province’s acting deputy public health officer echoed those statements Wednesday. “Today’s numbers are a bit higher,” Dr. Jazz Atwal said, announcing 10 more virus-related deaths and 176 new cases. “But those restrictions in place have made a difference and are continuing to make a difference.” Atwal said it’s too early to relay the full impact the holiday season will have on COVID-19 metrics.Temur Durrani, Local Journalism Initiative Reporter, Winnipeg Free Press

Let’s block ads! (Why?)



Source link

Continue Reading

Business

A timeline of events in the bread price-fixing scandal

Published

 on

 

Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

Published

 on

 

VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version