Canada bans foreign nationals from seven African nations over Covid fears

Canada is banning foreign nationals from seven southern African nations as a result of concerns about a new Covid 19 variant, from the U.K. to the U.K. and Hong Kong.

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There are no winners and losers from a year of ranking Covid resilience.

Markets around the world fell Friday because of fears that the latest threat could derail the fragile global recovery. There are no direct flights from the region into Canada.

Health Minister Jean-Yves Duclos told reporters in Ottawa that they were acting quickly to protect the health and safety of Canadians. Foreign nationals who traveled through southern Africa in the last 14 days are being harmed by the government's ban on entry into Canada. Air Canada's largest airline, Air Canada, lost as much as 11%, the most since June 2020, but the damage was widespread. The S&P TSX Composite Index fell 2.3%, with the equities benchmark down 2.3% at 2: 04 p.m. in Toronto.

The seven countries are South Africa, Mozambique, Botswana, Lesotho, Zimbabwe, Namibia and Eswatini.

A week ago, Air Canada said it no longer needed support under a state rescue package that was C $5.9 billion $4.6 billion. Prime Minister Justin Trudeau said on the same day that the government of Canada would relax the testing requirements for Canadians making short trips to the U.S.

The economic activity could be negatively impacted by the spread of the variant, according to some economists.

Some countries are already banning flights from Africa, but it may be that this variant is already brewing elsewhere, Avery Shenfeld, chief economist at the Canadian Imperial Bank of Commerce, said in a report to investors Friday. Is vaccine or antibody treatments effective in protecting against severe outcomes? What isn't clear, but it's important to know whether it can set us back on our physical and economic healing path. None of the Wildfires Are Getting Worse, and One Chemical Company is Reaping the Benefits.

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