Ottawa-area health officials have begun discussing what a potential COVID-19 vaccine rollout could look like, while also urging people to keep their expectations in check.
Ottawa reported 91 new COVID-19 cases Thursday, its highest daily total of the month.
Dr. Vera Etches, Ottawa’s medical officer of health, says optimistic news about a COVID-19 vaccine may offer hope for residents who are tired of pandemic restrictions, though loosening those measures too early would lead to a rapid rise in cases. 1:03
There are 495 known active cases, 6,880 resolved cases and 350 deaths.
Public health officials have reported more than 12,100 COVID-19 cases across eastern Ontario and western Quebec, including more than 10,600 resolved cases.
Ninety-one people with COVID-19 have died elsewhere in eastern Ontario, along with 61 in western Quebec.
The Eastern Ontario Health Unit is in yellow, with slightly different measures such as later alcohol serving hours and more people allowed at restaurant tables.
The rest of eastern Ontario is green, the lowest level.
The medical officer of health for the Kingston, Ont., area is flagging a bump up in its curve and asking residents to stay within the region to avoid more “spillover” from Toronto and Ottawa.
Indoor dining at that area’s restaurants remains prohibited, while gyms, cinemas and performing arts venues are all closed.
The rest of western Quebec is orange, which allows private gatherings of up to six people and organized ones up to 25 — with more in seated venues.
Travel to another region is discouraged throughout the Outaouais. Ontario says people shouldn’t travel to a lower-level region from a higher one.
What about schools?
There have been about 200 schools in the wider Ottawa-Gatineau region with a confirmed case of COVID-19:
Few have had outbreaks, which are declared by a health unit in Ontario when there’s a reasonable chance someone who has tested positive caught COVID-19 during a school activity.
Distancing and isolating
The novel coronavirus primarily spreads through droplets when an infected person coughs, sneezes, breathes or speaks onto someone or something. These droplets can hang in the air.
People can be contagious without symptoms.
This means people should take precautions such as staying home when sick, keeping hands and frequently touched surfaces clean, socializing outdoors as much as possible and maintaining distance from anyone they don’t live with — even with a mask on.
Anyone with COVID-19 symptoms should self-isolate, as should those who’ve been ordered to do so by their local public health unit. The duration depends on the circumstances in both Ontario andQuebec.
Health Canada recommends older adults and people with underlying medical conditions and/or weakened immune systems stay home as much as possible.
Anyone who has travelled recently outside Canada must go straight home and stay there for 14 days.
What are the symptoms of COVID-19?
COVID-19 can range from a cold-like illness to a severe lung infection, with common symptoms including fever, a cough, vomiting and the loss of taste or smell.
Less common symptoms include chills, headaches and pink eye. Children candevelop a rash.
Ontariorecommends only getting tested if you have symptoms, or if you’ve been told to by your health unit or the province.
Anyone seeking a test should now book an appointment. Different sites in the area have different ways to book, including over the phone or going in person to get a time slot.
People can arrange a test in Bancroft and Picton by calling the centre or Belleville and Trenton online.
Renfrew County residents should call their family doctor or 1-844-727-6404 for a test or with questions, COVID-19-related or not. Test clinic locations are posted weekly. There are none on Remembrance Day.
In western Quebec:
Tests are strongly recommended for people with symptoms or who have been in contact with someone with symptoms.
Outaouais residents can make an appointment in Gatineau seven days a week at 135 blvd. Saint-Raymond or 617 avenue Buckingham.
Call 1-877-644-4545 with questions, including if walk-in testing is available nearby.
First Nations, Inuit and Métis:
Akwesasne now has 30 known active cases of COVID-19, its highest of the pandemic.Ten of them are on the Canadian side of the international border.
Its council is asking residents to avoid unnecessary travel.
Aswesasne schools are temporarily closed to in-person learning and its Tsi Snaihne Child Care Centre has also closed. It has a COVID-19 test site available by appointment only.
Anyone returning to the community on the Canadian side of the international border who’s been farther than 160 kilometres away — or visited Montreal — for non-essential reasons is asked to self-isolate for 14 days.
TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.
Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.
Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).
SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.
The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.
WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.
SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.
SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.
SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.
Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.
“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.
“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”
Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.
On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.
These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.
If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.
However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.
He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.
“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.
Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.
The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.
Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.
Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.
Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.
Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”
In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.
“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.
This report by The Canadian Press was first published Nov. 12, 2024.
TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.
The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.
RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
This report by The Canadian Press was first published Nov. 12, 2024.
