TORONTO – Canada is heading into a “mild” recession as high borrowing costs, an economic downturn in the United States and persistent inflation add to the country’s economic uncertainty, new research reveals. Deloitte Canada’s latest economic outlook, released Tuesday ahead of the federal budget, says tight monetary policy is set to constrict economic growth this year. But research suggests the recession won’t be as deep as previously expected, thanks to resilient labor markets, which keep incomes strong. (more…)
TORONTO – The threat posed by Omicron is frightening. The new variant has created a climate of great concern in the international scientific community, although at the moment there is no unequivocal assessment of this new threat. On the one hand, in fact, we have numerous virologists who have highlighted how the first data coming from South Africa and Europe have highlighted a greater transmissibility of the coronavirus and, at the same time, the presence of generally milder symptoms for the infected compared to the Delta strain and the other variants that have characterized this pandemic. (more…)
TORONTO – Canada and Ontario are still grappling with the AstraZeneca node. The vaccine, although still considered safe by both Health Canada and the National Advisory Committee on Immunization (Naci) has been suspended as a precaution in some provinces of our country. In Ontario, as explained this week by Chief Medical Officer David Williams, the provisional stop was decided for two reasons: on the one hand the necessary caution pending new data on adverse reactions, on the other hand the lack of new supplies due to the announced delays in deliveries. (more…)