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daily covid-19 numbers, daily covid-19 cases, ontario cases, toronto cases, doug ford, christine elliott – CTV Toronto

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TORONTO —
Ontario is reporting fewer than 350 new cases of COVID-19 and no new deaths linked to the disease after infections climbed over the weekend.

Health officials are logging 325 new cases of COVID-19 on Monday.

The new cases mark a decrease from the 423 reported on Sunday, which was the first time Ontario reported over 400 new cases of COVID-19 since mid-June, and the 378 new cases logged on Saturday.

The Ministry of Health is recording no deaths on Monday. The province’s total death toll stands at 9,407.

The province’s seven-day rolling average is now 283. Just over a week ago, that number was 189.

Within the last 24 hours, Ontario processed 15,805 lab confirmed tests, generating a positivity rate of 2.3 per cent. The province has not reached a positivity rate this high since late June.

The Ministry of Health says 113 patients with the virus are in the intensive care unit and 83 are breathing with the assistance of a ventilator.

Ontario’s total number of lab-confirmed cases, including deaths and recoveries, is 552,804.

Where are the new cases?

The province’s epidemiological report indicates that there are 90 COVID-19 cases in Toronto, 47 in Peel Region, 29 in York Region, 26 in Windsor-Essex, 29 in Hamilton, 14 in Durham Region and 23 in Waterloo.

COVID-19 variants of concern

According to the province, 157 cases of the Delta B.1.617.2 variant were identified in lab-positive COVID-19 tests in the last 24-hour period, bringing the total number of infections to 5,380.

There were no new cases of the Beta B.1.351 variant and one case of the Alpha B.1.1.7 variant. So far, there have been 1,493 cumulative cases of the Beta variant and 145, 593 of the Alpha variant.

Ontario vaccination update

In Ontario, 9,318,953 people in the province are now fully protected from COVID-19, after receiving two doses of a vaccine.

In total, 19,902,159 doses of a COVID-19 vaccine have been administered in the province.

On Sunday, 29,949 doses of COVID-19 vaccines were administered in Ontario.

Backstory:

The numbers used in this story are found in the Ontario Ministry of Health’s COVID-19 Daily Epidemiologic Summary. The number of cases for any city or region may differ slightly from what is reported by the province, because local units report figures at different times.

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Chorus shareholders vote to approve sale of aircraft leasing business

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HALIFAX – Chorus Aviation Inc. says its shareholders have voted to approve the sale of the company’s regional aircraft leasing business to HPS Investment Partners.

The Halifax-based company says the $1.9-billion deal was greenlighted by 98.1 per cent of votes cast by shareholders at a special meeting. The transaction needed approval by a two-thirds majority vote.

Chorus also says the waiting period mandated under U.S. legislation has expired and that it has received approval from Ireland’s Competition and Consumer Protection Commission.

Chorus announced the sale of its plane leasing business to New York City-based HPS in July for $814 million in cash and $1.1 billion in aircraft debt to be assumed or prepaid by the buyers at closing.

The deal marked a one-eighty for Chorus, which bet big on aircraft leasing just two years earlier by buying London-based plane-leasing outfit Falko Regional Aircraft Ltd.

Chorus, which also provides regional service for Air Canada via Chorus subsidiary Jazz Aviation, says the sale remains subject to the other regulatory approvals and customary conditions.

This report by The Canadian Press was first published Sept. 25, 2024.

Companies in this story: (TSX:CHR)

The Canadian Press. All rights reserved.

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AGF Management reports Q3 profit down from year ago, revenue higher

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TORONTO – AGF Management Ltd. says its net income attributable to equity owners totalled $20.3 million in its latest quarter, down from $23.0 million in the same quarter last year.

The investment manager says the profit amounted to 30 cents per diluted share for the quarter which ended on Aug. 31, down from 34 cents per diluted share a year earlier.

Total net revenue for the quarter amounted to $102.0 million, up from $84.0 million in the same quarter last year.

On an adjusted basis, AGF says it earned 37 cents per diluted share in its latest quarter, up from an adjusted profit of 34 cents per diluted share a year ago.

The company says its total assets under management and fee-earning assets totalled $49.7 billion at Aug. 31, up from $42.3 billion a year earlier.

Kevin McCreadie, AGF’s chief executive and chief investment officer, says the company was pleased to see early signs of improvement with positive retail net flows complementing its solid investment performance amid an uncertain economic backdrop and significant market volatility.

This report by The Canadian Press was first published Sept. 25, 2024.

Companies in this story: (TSX:AGF.B)

The Canadian Press. All rights reserved.

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Cannabis Retail Blues: To much Stock, to Few Customers

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As of January 2024, Canada is home to more than 3,600 recreational cannabis retail shops and this number is increasing annually with a single store to every 10,000 Canadians. The retail sector has been facing multiple challenges and one is surely overabundance of stores within smaller communities. Too many retailers compared to users of cannabis. The use of cannabis has remained relatively the same, while multiple retailers and online sales forces are competing for this marketplace.

Failures within the retail field are not a surprise, as Tokyo Smoke closes its multiple stores, and most shops’ profit margins remain small and diminishing over time. Mass closures may happen within certain provinces such as Ontario where situations of multiple retailers are situated right beside a competitor. Massive amounts of revenue have been collected by provincial governments while these stores remain open to every possible financial flux possible.

The black market remains healthy and profitable. An excuse to legalize pot was to challenge illegal pot sales and make it difficult to sell this pot outside of legal means. 22% of Canadian pot smokers get their supply from the black market. They say the pot tastes better and is slightly less costly. Legal pot management is costly and this cost is passed onto the customer. With gummy sales growing, the cost of management by legal means is difficult and costly too.

It seems the government may need to rethink its policy regarding cannabis and the possibility of legalizing further types of illicit drugs in the future. A total ack of imagination exists within the policy network where old-fashioned prejudice towards addiction and the use of narcotics is seen as criminal and threatening to society. All the while the number of traffic stops due to drivers under the influence of narcotics continues to grow, and the use of drugs by the youthful generation continues to be a problem. A solution to our society’s problems will never come from present-day authorities.

Steven Kaszab
Bradford, Ontario
skaszab@yahoo.ca

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