- Shots reported today: 352,718
- Total shots: 24,522,064
- Age 12+ w/ a Shot: 67.0%
- Age 18+ w/ a Shot: 70.7% (est)
- Shots per 100 people: 64.5
- Inventory: 9.8 days
Detailed data on vaccination rates by age comes with a long lag. I construct my own estimates. Here's the latest:
- Those 60+: 88.8% have at least one dose and 11.7% have two
- 18-59: it's 62.7% and 5.9%
- Adults: 70.7% and 7.7%
In total, Canada is now up to 24.5 million shots given -- which is 87.1% of the total 28.1 million doses available. Over the past 7 days, 2,532,462 doses have been delivered to provinces.
And so far 2.3 million are fully vaccinated with two shots.
Canada's pace of vaccination:
Today's 352,718 shots given compares to an average of 369,003/day over the past week and 356,350/day the week prior.
- Pace req'd for 2 doses to 75% of Canadians by Sept 30: 270,750
- At current avg pace, we reach 75% by Aug 29
Based on the share of people with 1 or more doses (a weaker threshold), at Canada's current pace we reach 75% by June 23. We reach enough for 75% of those age 12+ by June 11.
Gray lines are past projections.
What about two doses? Here's when we'll have enough doses to reach different points:
- 75% of age 12+ w/ 1+ dose and 20% w/ 2: June 21
- 75% of 12+ w/ 2 doses: August 9
Dose projections are informative, but effective protection is lower than the share with a shot. One dose is less effective than two, plus effects lag and are uncertain. Roughly, current "coverage" is ~19-38%
Turning to individual provinces, here's total shots given and share of delivered doses used.
- Most shots given: YT at 127 doses per 100 people
- Fewest: PE at 58
- Highest share of delivered doses used: MB with 92%
- Lowest: NU with 63%
A more detailed look at provs/terrs:
- Highest overall: YT at 67% receiving at least one shot
- Most 1st doses only: BC at 57% receiving that shot
- Most Fully Vaccinated: YT at 60%
- Fewest Vaccinated: NU at 44%
Looking forward, here's time to reach 75% of people age 12+ w/ 1+ doses based on the latest 7-day average daily pace.
- QC fastest at 5 days.
- PEI slowest at 21 days.
How does Canada compare to others? Currently, Canada ranks 2nd out of 37 OECD countries in terms of the share of the population that is at least partially vaccinated. In terms of total doses per 100, Canada is 7th.
Going forward, here's a cdn/usa comparison of total doses per 100 people.
- In Canada, this rises by 0.97 per day. The US rises by 0.39 per day.
- Projected out, we match the US in 43 days
- Reaching the current US rate takes 26 days.
Of course, there's lots of ways to compare. Here's a selection across several metrics/groups of how Canada ranks globally. Pick your preferred measure!
Fin.
Note: all graphs (and more!) are automatically updated and posted online for later review and easy sharing at the following site: trevortombe.github.io/covidgraphs/
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Today's data: inflation rate falls to 2.7% in April. Would have fallen more, but gasoline pushed the rate up. Shelter remains largest contributor, but pace of increase is falling.
The key Bank of Canada core measures of inflation have also remained within the target range -- lower than 2% -- over the past 3 months. This is what the bank is looking forward before lowering rates.
Here are the contributors to the drop. Most items down, but energy prices offset some of that.
This accounts for *changes* in the CPI annual rate of increase. Alternatively, had energy prices remained flat yoy, then CPI growth would have been 2.4% in April.
Today's data: inflation! 🥳 Prices were 2.9%, on average, higher in January than a year earlier. Inflation down from 3.4% in Dec. Biggest contributors to the drop were energy, food, travel. Cell phones offsetting some.
Looking at the headline rate, shelter is larger contributor. Rent accounts for ~0.5 points of the 2.9, mortgage interest costs ~1.0 points.
Important: note the strong decline in the pace of grocery price growth. Now in line with historical norm.
The decline in inflation has also been fairly broad based, with now fewer than half of items seeing a pace of price growth above 3% -- although still a larger share than normal, which is ~0.3-0.4.
This is higher than last month, true, but it doesn't mean the inflation situation is worsening. I noted this yesterday, saying 3.4% was the number to watch.
This is a *very* important point to keep in mind for the next *several* months. Even if things are completely normal month-by-month, the headline rate won't fall much over the next quarter.
As expected, inflation fell in October. A lot. From 3.8% in September to 3.1% in October. And monthly, adjusted for seasonality, prices were lower in October than Sept.
A big part of the reason is from lower gasoline prices. That's anticipated because oil prices were down. There's a tight connection between energy's contribution to CPI and oil prices (obviously). This has been a consistent story over the past two years.
You can see the size of the contribution from energy to the change in inflation since September here 👇 . Basically everything else was a net wash.
Some Alberta Pension Plan proponents are concerned about Albertans paying more in contributions than they receive in benefits. Is this "overcontribution" legitimate? If so, does it imply the CPP is unfair? Would an APP solve it?
Allow me to explain. 🧵🤓 #cdnpoli #ableg #cdnecon
The Government of Alberta regularly cites $60 billion in excess contributions over what has been received in benefits. The report commissioned by the government includes this figure. Red is Alberta. Positive means contributions > benefits. 👇
The data are accurate. You don't even need an actuary. Statistics Canada reports this annually. Total contributions from 1966-2021 amount to approximately $60 billion. Adjusting for inflation provides a clearer perspective.
The GST adds 5% to the cost of purchasing a good or service subject to this tax. Not all items are subject to it, though. I (roughly) estimate that, overall, the GST adds an average of 2.3% for consumer expenditures as a whole. (From here: )www150.statcan.gc.ca/t1/tbl1/en/tv.…
So, eliminating the GST would drop the CPI by 2.3%. Since the latest inflation reading is 3.8%, that would leave us at 1.5% (assuming nothing else changed). And 1.5% is 61% lower than 3.8%.