OTTAWA – Here we go again. The Bank of Canada will raise its benchmark interest rate by 0.75% on Wednesday: a new increase, therefore, after the 0.50% increase on June 1, when the rate was raised to 1.50. %. From Wednesday, it will be at 2.25%. The reason, as always, is that of the “fight against inflation” which in recent weeks has reached its highest level in almost 40 years: 7.7 per cent.
TORONTO – Only one death from Covid-19 and positivity at levels rarely seen since the arrival of the Omicron variant. The situation in Ontario is improving: only one victim was recorded today (64 deaths in the last seven days, 368 in the last 30 days and 13,289 in total since the start of the pandemic). (more…)
TORONTO – Covid-19 hospitalizations in Ontario and the rest of Canada are falling significantly. The trend of the last few weeks is therefore confirmed, negative only in terms of deaths: their number in fact has always been high and only in the last few days has there been a sharp decline – both in Ontario and Quebec – which, hopefully, will be confirmed in the week just started. But let’s go in order and let’s start from Ontario. (more…)
TORONTO – Ontario can breathe, at least for 24 hours: after the 636 new cases registered on Sunday – the highest number of infections in a single day in almost a month – today the province registered 480 new infections, more in line with last week’s Monday’s 422, albeit far above the 326 of two weeks ago. The seven-day moving average of is now 476: a week ago it was 362. (more…)
TORONTO – Covid-19 in Ontario: 417 new cases today, a slight increase compared to the previous day (306) but also below the seven-day average. In addition, 35,421 tests were processed in the previous 24 hours (and another 18,914 are being processed), while yesterday there were far fewer: 23,219. The positivity to the test, therefore, drops to 1.5%. Yesterday (and last week) it was 1.7%. (more…)