Global Markets: Ontario to enter lockdown

WINNIPEG, April 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Ontario Premier Doug Ford will announce today that the entire province will be entering into a lockdown on Saturday amidst rising COVID-19 case numbers. Sources tell CBC News that indoor dining, personal care services and indoor fitness activities will be prohibited. Essential retail outlets will be restricted to 50 per cent capacity and non-essential retail outlets will only allow 25 per cent to enter. Religious services can take place with capacity limits. The City of Toronto had already been under a lockdown since last November.

– The Pfizer-BioNTech COVID-19 vaccine has been shown to be 91 per cent effective in preventing the disease, according to newly-released data which included people who have been inoculated for six months. While the efficacy rate is lower than the 95 per cent reported last November, the shot was 100 per cent effective for South African participants, where the B.1351 variant is the dominant strain.

– The number of unemployment claims in the United States surprisingly rose to 719,000 for the week ending March 27, compared to 658,000 claims during the previous week. Unemployment claims had been declining in recent weeks due to a recovering economy and a quick vaccine rollout. However, the number of claims is still above the peak of 665,000 during the Great Recession of 2007 to 2009.

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