Trevor Tombe Profile picture
Jun 8, 2021 14 tweets 6 min read Read on X
Today's vaccine update:

- Shots reported today *: 407,964 (38% 2nd doses)
- Total shots: 26,503,428
- Age 12+ w/ a Shot: 70.8%
- Age 18+ w/ a Shot: 73.1% (est)
- Shots per 100 people: 69.7
- Inventory: 8.8 days

More: trevortombe.github.io/covidgraphs/

* Includes some weekend doses Image
The latest estimates of vaccinations by age:

- Those 60+: 89.3% have at least one dose and 17.0% have two
- 18-59: it's 66.0% and 7.4%
- Adults: 73.1% and 10.3%

Note: data comes with a 6-13 day lag; these are my own estimates Image
In total, Canada is now up to 26.5 million shots given -- which is 88.8% of the total 29.8 million doses available. Over the past 7 days, 3,801,418 doses have been delivered to provinces.

And so far 3.0 million are fully vaccinated with two shots. Image
Canada's daily pace:

Today's 407,964 shots given compares to an average of 377,290/day over the past week and 354,408/day the week prior.

- Pace req'd for 2 doses to 75% of Canadians by Sept 30: 265,292
- At current avg pace, we reach 75% by Aug 26 Image
And here's what our current pace means going forward. Enough doses to achieve:

- 75% w/ 1+ dose and 20% w/ 2 by June 20
- 75% w/ 1+ dose and 50% w/ 2: July 16
- 75% w/ 2 doses: August 7 Image
The above is total doses. Based on that, and a model of 1st vs 2nd shots, here's a more detailed projection:

- 75% of people with a shot: June 15
- 20% fully vaccinated: June 24
- Match current U.S. fully vaccinated rate: July 25
- 75% fully vaccinated: August 17 Image
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 ~21-42%

Useful research summary: publichealthontario.ca/-/media/docume… Image
Turning to individual provinces, here's total shots given and share of delivered doses used.

- Most shots given: YT at 130 doses per 100 people
- Fewest: PE at 63

- Highest share of delivered doses used: AB with 93%
- Lowest: NU with 64% Image
A more detailed look at provs/terrs:

- Highest overall: YT at 69% receiving at least one shot
- Most 1st doses only: QC at 58% receiving that shot
- Most Fully Vaccinated: YT at 60%
- Fewest Vaccinated: NU at 44% Image
How does Canada compare to others? Here's all 37 OECD (i.e., developed) countries:

- Share of pop. w/ at least one dose: Canada ranks 2nd
- Total doses per 100: 7th
- Fully vaccinated: 31st Image
Canada/US comparison.

Received at least one dose:
- Top Prov: QC, 65.2% of pop
- Top State: VT, 71.5
- Top Terr: YT, 69.2

Fully vaccinated:
- Top Prov: AB, 12.3% of pop
- Top State: VT, 59.0
- Top Terr: YT, 60.5

Interactive plot here: trevortombe.github.io/covidgraphs/usa Image
Going forward, here's a cdn/usa comparison of total doses per 100 people.

- In Canada, this rises by 0.99 per day. The US rises by 0.34 per day.
- Projected out, we match the US in 33 days
- Reaching the current US rate takes 22 days. Image
Of course, there's lots of countries and many ways to compare. Here's a selection across several metrics/groups of how Canada ranks globally. Pick your preferred measure! Image
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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More from @trevortombe

Feb 20
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.



#cdnecon #cdnpoli www150.statcan.gc.ca/n1/daily-quoti…
Image
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. Image
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. Image
Read 7 tweets
Jan 16
Today's data: inflation!! 📈 Consumer prices were 3.4% higher in December than one year earlier. That's up from 3.1% in November.

I'll explore some of what's going on. #cdnecon #cdnpoli 🧵 www150.statcan.gc.ca/n1/daily-quoti…
Image
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. Image
Read 9 tweets
Nov 21, 2023
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.

I'll unpack some more patterns here 🧵 #cdnecon #cdnpoli www150.statcan.gc.ca/n1/daily-quoti…
Image
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. Image
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. Image
Read 11 tweets
Nov 11, 2023
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. 👇 Image
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. Image
Read 14 tweets
Nov 4, 2023
To better understand this claim, consider an equally true but misleading statement: eliminating the GST would "reduce inflation by 61%"! 😲

Does that mean the GST is inflationary? What about the carbon tax?

I'll try to clarify things 🧵 🤓 #cdnecon #cdnpoli
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%.

Simple. But not helpful or informative.
Read 10 tweets
Oct 20, 2023
Thrilled that my paper on an Alberta Pension Plan was accepted for publication in Canadian Public Policy! 🥳

While it will take time to appear in the journal (March issue), the final version is here: #ableg #cdnecon 🧵 🤓papers.ssrn.com/sol3/papers.cf…
In the paper, I develop a detailed model of an APP using the latest data and clear methods. It's also the foundation of the @FONCanada APP simulator: financesofthenation.ca/2023/10/03/a-n…
It focuses on the long-term prospects for a separate provincial plan and uses the same approach as for the CPP. It estimates what the contribution rate needs to be to ensure that plan assets over time keep up with benefit expenditures. Image
Read 10 tweets

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