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A little inflation is sign of success, not failure, for Bank of Canada s Tiff Macklem
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Postmortem: Macklem goes direct to consumer
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A little inflation is sign of success, not failure, for Bank of Canada s Tiff Macklem
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A little inflation is sign of success, not failure, for Bank of Canada s Tiff Macklem
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The COVID-19 vaccination strategy was a shambles in the beginning, and a country with little capacity to make sophisticated drugs found itself where youâd expect: the back of the pack.
Prime Minister Justin Trudeau compensated by going to market. The government shamelessly placed orders with every pharmaceutical company that looked like it had a shot at developing a vaccine. It wasnât enough to overcome vaccine nationalism, but once AstraZeneca Plc, Moderna Inc., and Pfizer Inc. had satisfied their home countries, Canada was next in line. Now, it looks like slow and steady might win the race. Canada recently overtook Israel, the United Kingdom and the United States in delivering at least one dose to its population; as of July 23, about 53 per cent of Canadians were fully vaccinated, compared with about 49 per cent of Americans.