🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Canada's Ontario province, despite pressure, will not start reopening economy for weeks

Published 2020-04-27, 11:29 a/m
© Reuters. A mobile hospital is set up in an arena in Montreal

By Allison Martell and David Ljunggren

TORONTO/OTTAWA (Reuters) - The government of Ontario, Canada's most-populous province and industrial powerhouse, said on Monday it would not begin lifting restrictions to fight the coronavirus for weeks to come despite pressure from businesses to restart the economy.

Premier Doug Ford said he could not provide a timetable for allowing people in non-essential businesses back to work until the numbers of new cases began dropping steadily.

"I won't set hard dates until we're ready, because the virus travels at its own speed," he told a briefing.

About 14.6 million people live in Ontario, representing 39% of the country's population. Together with neighboring Quebec, it accounts for 82% of the 47,327 positive diagnoses.

Canada's death toll grew by less than 10% for the eighth day in a row, hitting 2,617, official data showed.

All 10 provinces have declared health emergencies, shutting down firms across the country and throwing millions out of work.

Ford said he had been grilled by business owners about when they could open again.

"I understand the pain a lot of companies and people are going through and the pressure," he said, adding later that "we aren't going to be rushed into anything."

Ontario plans to reopen in three stages, each of which first requires a consistent two-to-four week decrease in the number of new cases.

Canadian Prime Minister Justin Trudeau told reporters the provinces were coordinating with Ottawa on how to reopen the economy and stressed the need for extreme caution, given how little that experts know about the coronavirus.

"I have confidence every province is taking very seriously this responsibility to be careful because nobody wants to have gone through all this for nothing," he said.

In Quebec, elementary schools and childcare services outside Montreal - the country's second-largest city - will reopen on May 11. In the Montreal region, elementary schools will reopen on May 19.

School attendance remains voluntary for students, Premier Francois Legault told reporters, adding that high schools, colleges and universities would remain closed.

The increase in deaths on Monday was the lowest day-on-day rise seen since the toll jumped by 12% on April 19.

© Reuters. A mobile hospital is set up in an arena in Montreal

"Although we are getting closer all of the time, we can't let go of the wheel yet," Canada's chief public health officer, Theresa Tam, told a briefing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.