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Prime Minister Justin Trudeau during an August news conference on Parliament Hill in Ottawa, Canada. Photo: Dave Chan/AFP via Getty Images

Prime Minister Justin Trudeau said during a televised address on the coronavirus pandemic Wednesday that for Canada's four biggest provinces, "the second wave isn’t just starting, it's already under way."

Driving the news: Daily case numbers have gone from roughly 300 cases a day in mid-August to 1,248 by Tuesday, with most outbreaks in British Columbia, Alberta, Ontario and Quebec, CBC notes. "We're on the brink of a fall that could be much worse than the spring," Trudeau said. "It's all too likely we won't be gathering for Thanksgiving, but we still have a shot at Christmas." Over 147,700 Canadians have tested positive for COVID-19.

Go deeper

Updated 11 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Transplants rebound from COVID lull
  2. Vaccines: WHO: No evidence that healthy children, teens need boosters — Kids' COVID vaccination rates are particularly low in rural America
  3. Politics: Government website for free COVID tests launches early
  4. World: Greece imposes vaccine mandate for people 60 and older
  5. Variant tracker
Dec 31, 2020 - Health

WHO lists Pfizer COVID-19 vaccine for emergency use

A healthcare worker giving a patient a dose of Pfizer-BioNTech's coronavirus vaccine in Florida on Dec. 30. Photo: Marco Bello/Anadolu Agency via Getty Images

The World Health Organization on Thursday listed Pfizer-BioNTech's COVID-19 vaccine for emergency use.

Why it matters: The approval — the WHO's first for a coronavirus vaccine — may allow some countries to expedite their own regulatory approval processes so they can import and administer the vaccine quicker, the WHO said.

Rising rates may hammer the stock market

Illustration: Sarah Grillo / Axios

Stocks are much more vulnerable to interest rate swings than they used to be.

Why it matters: A sharp rise in rates in early 2022 is the key reason the stock market is off to an ugly start. And with the Federal Reserve making noise about trying to keep inflation in check, rates could go higher.