Montreal, the city where I live, has gone into another lockdown. I’m not really sure if it’s the third or fourth or fifth – such is the oscillation in measures that have been introduced here over the course of the coronavirus pandemic. Schools close, shops and companies go in and out of business. The only constant is the sound of delivery vehicles bringing food, mail and the next impulse Internet purchase.
The lockdown is different this time, though, because it includes an unprecedented curfew from 8pm to 5am every day, presumably to put a halt to the night-time gatherings and parties trailing the holidays that are fuelling the record case numbers. Standing on the balcony at night is eerily silent. Even sounds in the distance are muted, as are footsteps by the accumulating snowfall.
The latest measures appear to enjoy widespread support – around 70 per cent, according to a recent survey – due to alarm over the record numbers of infections and hospitalisations in Canada as a whole, and the province of Quebec in particular, where wearing masks indoors in public facilities is mandatory. It is a welcome reminder that even as images of insanity stream from south of the border in the US, people here are generally quite reasonable. They want to arrest this plague, even with the end in sight as vaccines are rolled out.
What the public in Canada appears not to have is patience for the hijinks of its elected politicians. Over the past three weeks, several Canadian officials, particularly in Ontario and Alberta, have been forced to resign after taking vacations abroad. Rod Philips, Ontario’s finance minister, resigned after an embarrassingly incompetent online sleuthing effort to cover the tracks of a trip he took to the Caribbean island of St Barts. He went so far as to film a video of himself next to a decorated gingerbread house and a glass of eggnog, wearing a jumper ostensibly to express solidarity with Canadians who spent Christmas in the cold, away from their families.
Tracy Allard, Alberta's municipal affairs minister, and a crucial cog in its vaccine strategy, was similarly forced to resign after she was revealed to have vacationed with her family in Hawaii.
The examples of ministers caught red-handed flying off to winter in warmer climes are almost farcical, were it not for the fact that less well-off people are suffering so disproportionately. I am lucky because I work from home, can afford childcare, can order groceries delivered and can substitute in-person interaction for Zoom meetings without much adverse effect beyond what everyone else is struggling with – the mental health challenges of confinement and isolation coupled with the absence of family and loved ones.
But my lifestyle is made possible by the sacrifices of essential workers, such as Uber Eats delivery workers, doctors, nurses, rubbish collectors, grocery store employees, UPS drivers, factory workers at meatpacking plants, Amazon warehouse employees, mail carriers and many others. And we have failed them, in Canada and elsewhere, leaving them to suffer disproportionately. An investigation in December by the Toronto Star, an Ontario daily, showed that over 7,600 workers had been infected with Covid-19 on the job across that province, but just two fines had been issued by the provincial labour ministry. One of the fines was handed to a worker rather than an employer. Employers have been lax at enforcing guidelines on social distancing and other safety measures to protect these workers. One beef-processing plant in Alberta had an enormous outbreak of over 1,000 cases.
Canada's public has no patience for the hijinks of its elected politicians right now
These facts make travel by the same officials who urged people to stay home for Christmas a bit less funny. The frustration is compounded by the inexplicably slow vaccine rollout. Canada bought enough vaccine doses from various suppliers, including Pfizer-BioNTech and Moderna, to vaccinate the entire population several times over, and officials say they are on track still to do so by the fall of 2021.
But the rollout has been slow, to put it charitably, largely because it is in the hands of individual provinces. While Israel and the UAE have led the world in vaccination, inoculating 22.2 per cent and 12.9 per cent of their populations, respectively, Canada has so far managed to vaccinate 0.9 per cent of the population. The lack of alacrity contrasts sharply with the urgency of the crisis, despite Canada having had so long to plan for it.
The pandemic has tested humanity more than anything in recent memory. In the past few weeks, the initial hope offered by vaccines morphed into dread and then resignation to the fact that we in Canada have months still before we get through this tunnel. In poorer countries who cannot afford to purchase millions of doses, coming out the other side may take years. We all still have a way to go.
Perhaps as we contemplate our eventual release back into normality, a life without masks and with hugs, we ought to remember once again that the option of isolating or sheltering at home is made possible only by the sacrifices of thousands of people who do not have that option. We owe them an incalculable sum that must be reflected in their wages, benefits, mental health care and our collective gratitude. These are all measures that Canada has so far failed to introduce. But they are as crucial to the country's health as any others.
Kareem Shaheen is a veteran Middle East correspondent in Canada and a columnist for The National
ESSENTIALS
The flights
Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes.
The trip
From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Kalra's feat
- Becomes fifth batsman to score century in U19 final
- Becomes second Indian to score century in U19 final after Unmukt Chand in 2012
- Scored 122 in youth Test on tour of England
- Bought by Delhi Daredevils for base price of two million Indian rupees (Dh115,000) in 2018 IPL auction
MORE ON TURKEY'S SYRIA OFFENCE
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
WHY%20AAYAN%20IS%20'PERFECT%20EXAMPLE'
%3Cp%3EDavid%20White%20might%20be%20new%20to%20the%20country%2C%20but%20he%20has%20clearly%20already%20built%20up%20an%20affinity%20with%20the%20place.%3Cbr%3E%3Cbr%3EAfter%20the%20UAE%20shocked%20Pakistan%20in%20the%20semi-final%20of%20the%20Under%2019%20Asia%20Cup%20last%20month%2C%20White%20was%20hugged%20on%20the%20field%20by%20Aayan%20Khan%2C%20the%20team%E2%80%99s%20captain.%3Cbr%3E%3Cbr%3EWhite%20suggests%20that%20was%20more%20a%20sign%20of%20Aayan%E2%80%99s%20amiability%20than%20anything%20else.%20But%20he%20believes%20the%20young%20all-rounder%2C%20who%20was%20part%20of%20the%20winning%20Gulf%20Giants%20team%20last%20year%2C%20is%20just%20the%20sort%20of%20player%20the%20country%20should%20be%20seeking%20to%20produce%20via%20the%20ILT20.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20is%20a%20delightful%20young%20man%2C%E2%80%9D%20White%20said.%20%E2%80%9CHe%20played%20in%20the%20competition%20last%20year%20at%2017%2C%20and%20look%20at%20his%20development%20from%20there%20till%20now%2C%20and%20where%20he%20is%20representing%20the%20UAE.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20was%20influential%20in%20the%20U19%20team%20which%20beat%20Pakistan.%20He%20is%20the%20perfect%20example%20of%20what%20we%20are%20all%20trying%20to%20achieve%20here.%3Cbr%3E%3Cbr%3E%E2%80%9CIt%20is%20about%20the%20development%20of%20players%20who%20are%20going%20to%20represent%20the%20UAE%20and%20go%20on%20to%20help%20make%20UAE%20a%20force%20in%20world%20cricket.%E2%80%9D%C2%A0%3C%2Fp%3E%0A
Sunday's fixtures
- Bournemouth v Southampton, 5.30pm
- Manchester City v West Ham United, 8pm
Getting there
The flights
Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.
The stay
Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net
Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama
Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
liverpool youngsters
Ki-Jana Hoever
The only one of this squad to have scored for Liverpool, the versatile Dutchman impressed on his debut at Wolves in January. He can play right-back, centre-back or in midfield.
Herbie Kane
Not the most prominent H Kane in English football but a 21-year-old Bristolian who had a fine season on loan at Doncaster last year. He is an all-action midfielder.
Luis Longstaff
Signed from Newcastle but no relation to United’s brothers Sean and Matty, Luis is a winger. An England Under-16 international, he helped Liverpool win the FA Youth Cup last season.
Yasser Larouci
An 18-year-old Algerian-born winger who can also play as a left-back, Larouci did well on Liverpool’s pre-season tour until an awful tackle by a Sevilla player injured him.
Adam Lewis
Steven Gerrard is a fan of his fellow Scouser, who has been on Liverpool’s books since he was in the Under-6s, Lewis was a midfielder, but has been converted into a left-back.
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA