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ImCheck to Present Data Demonstrating Activation of the Anti-Tumor Immune Response of Gamma9 Delta2 T Cells in Cancer Patients from the Ongoing Phase I/IIa EVICTION Trial at the AACR Annual Meeting 2021

Marseille, France, March 11, 2021 – ImCheck Therapeutics today announced that it will present  clinical data from the ongoing EVICTION Phase I/IIa clinical trial evaluating ICT01, a first-in-class gamma9 delta2 (γ9δ2) T cell-activating monoclonal antibody, in patients with advanced, relapsed/refractory cancers in an oral presentation at the American Association for Cancer Research (AACR) Annual Meeting 2021. The conference will take place virtually from April 10 to April 15, 2021, and abstracts will be available online starting April 9. The presentation will provide a significant update on the EVICTION data presented at the SITC 2020 Annual Meeting.

“The AACR Annual Meeting covers the latest advances across the spectrum of cancer research and clinical development and we are excited to share new data on the anti-tumor immune responses from our ongoing EVICTION trial,” said  Paul Frohna, MD, PhD, Chief Medical Officer at ImCheck Therapeutics. “We are thankful for and encouraged by the progress the investigators and their trial teams have achieved in continuing to enroll patients despite the pandemic.”

Details of the oral presentation are:

Abstract Title: “Activation of the anti-tumor immune response of γ9δ2 T cells in patients with solid or hematologic malignancies with ICT01, a first-in-class, monoclonal antibody targeting Butyrophilin 3A: The EVICTION study”
Session Title: Clinical Trials with Novel Immunooncology Strategies
Presentation Number: CT034
Authors: Aurélien Marabelle, Christiane Jungels, Johann de Bono, Norbert Vey, Martin Wermke, Elena Garralda, Steven Le Gouill, Patricia LoRusso, Aude De Gassart, Patrick Brune, Emmanuel Valentin, Marina Iché, Daniel Olive, Paul A. Frohna
Date/Time: Apr 11, 2021 at 4:00 PM – 5:45 PM ET

About the EVICTION Trial

EVICTION is a first-in-human, dose escalation (Part 1) and cohort expansion (Part 2) clinical trial of ICT01 in patients with various advanced solid or hematologic cancers that have exhausted standard of care treatment options. Part 1 is a basket trial designed to characterize the preliminary safety, tolerability, and pharmacodynamic activity  of ICT01 as monotherapy (Group A: solid tumors; Group B: hematologic tumors) and in combination with pembrolizumab (Group C: solid tumors). Group A includes bladder, breast, colorectal, gastric, melanoma, ovarian, prostate, and pancreatic cancer, Group B includes AML, ALL, follicular lymphoma, and diffuse large B cell lymphoma, and Group C includes bladder, HNSCC,  melanoma, and NSCLC. Basket trials represent a clinical trial design that allows new drugs to be tested rapidly in a range of indications, providing initial results on multiple parameters that can contribute to an accelerated development timeline.  More information on the EVICTION trial can be found at clinicaltrials.gov(NCT04243499).

 

About ICT01

ICT01 is a humanized, anti-BTN3A (also known as CD277) monoclonal antibody that selectively activates γ9δ2 T cells, which are part of the innate immune system that is responsible for immunosurveillance for malignancy and infection. The 3 isoforms of BTN3A targeted by ICT01 are expressed on the surface of innate (e.g., γδ T cells and NK cells) and adaptive immune cells (T cells and B cells) and are overexpressed on a number of solid tumors (e.g., bladder, colorectal, melanoma, ovarian, pancreatic, lung) and hematologic cancers (e.g., leukemia & lymphoma). BTN3A is essential for the activation of the anti-tumor immune response of γ9δ2 T cells.

ICT01 selectively activates circulating γ9δ2 T cells that leads to migration of γ9δ2 T cells out of the circulation and into target tissue (e.g., tumors or infection site), while also activating the tumor-resident γ9δ2 T cells to directly kill malignant cells, which is accompanied by secretion of two key inflammatory cytokines, IFNg and TNFa, that expand the anti-tumor immune response. ICT01 has been shown to have anti-tumor activity against a range of cancers in in vitro and in vivo tumor models.

***

About
IMCHECK THERAPEUTICS

ImCheck Therapeutics is designing and developing a new generation of immunotherapeutic antibodies targeting butyrophilins, a novel super-family of immunomodulators.

As demonstrated by lead clinical-stage program ICT01, which has a mechanism of action to simultaneously modulate innate and adaptive immunity, ImCheck’s “first-in-class” activating antibodies may be able to produce superior clinical results as compared to the first-generation of immune checkpoint inhibitors and, when used in combination, to overcome resistance to this group of agents. In addition, preclinical experiments with ImCheck’s antagonist antibodies have shown their potential as treatments for a wide range of autoimmune diseases.

Co-founder of the Marseille Immunopole cluster, ImCheck benefits from support from Prof. Daniel Olive (INSERM, CNRS, Institut Paoli Calmettes, Aix-Marseille Université), a worldwide leader in γδ T cells and butyrophilins research; from the experience of an expert management team; and from the commitment of leading US and European investors. 

For further information on ImCheck:


http://www.imchecktherapeutics.com


and


@ImCheckThx

Press contacts

US and EU


Trophic Communications

Gretchen Schweitzer
+49 (0) 172 861 8540
[email protected]

France


ATCG-PARTNERS

Céline Voisin
+33 (0)9 81 87 46 72 / +33 (0)6 62 12 53 39
[email protected]

 

Attachment

• PR in English

SANTA ANA, Calif., March 11, 2021 (GLOBE NEWSWIRE) — Today, Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, announced that Sarah Acosta has joined the company as Vice President, Product & Data Operations. Acosta is recognized for her experience managing data strategy, operations and launching innovative products to empower the real estate and mortgage industry.

“I am excited to join Veros, a proven data and technology innovator in the valuations industry,” said Acosta. “As a self-proclaimed “data geek,” I thrive on all aspects of the data ecosystem, from operations to listening and transforming the voice of our customers into game-changing products and data solutions.”

In this role, Acosta will oversee data operations and product management for all valuation and risk management technology solutions, including the company’s all-in-one valuation SaaS VeroSELECT™, industry-leading AVM, VeroVALUE™, VeroSCORE℠ automated appraisal scoring, and continued enhancement of the Veros disaster data solution providing near real-time insight for mortgage lenders and servicers on properties impacted by natural disasters.

Prior to joining Veros, Acosta led the data team to design and launch new data-fueled products at Altisource. Before that, Acosta spent over twelve years at Black Knight driving the enterprise data strategy and planning and launching strategic data products. Data is central in Acosta’s career, and she has consistently proven how to make data useful to empower products, analytics and insight-based automated and human decisions.

“Sarah has a long track record of industry success. She has created innovative products, improved existing solutions and maximized data assets,” said David Rasmussen, SVP of Operations. “Sarah now joins a talented Veros team and together we will further advance Veros’ market-leading products and services.  We are excited to have Sarah onboard and confident she will have an immediate and lasting impact at Veros.”

About Veros Real Estate Solutions

A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros’ services include automated valuation, fraud and risk detection; portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs’ Uniform Collateral Data Portal^® (UCDP^®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home buying process more efficient for our nation’s Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit www.veros.com or call 866-458-3767.

Media Contact:
Brian Fluhr
Vice President of Marketing
[email protected] or [email protected]

MONTREAL, March 11, 2021 (GLOBE NEWSWIRE) — Across Canada, but particularly in Quebec, long-term care facilities have accounted for a disproportionate number of COVID-19 deaths. The Government of Canada, through its COVID-19 Immunity Task Force (CITF), is supporting a new $2.7 million study aimed at identifying the factors putting each person at risk of developing severe COVID-19 symptoms and medical complications that may lead to a fatal disease.

“We still do not understand why some long-term care residents have gotten so sick and died of COVID-19, whereas others, at the same facility, have had milder versions of the disease or have not been infected at all,” says Donald Vinh, MD, an infectious disease and immunity expert at the Research Institute of the McGill University Health Centre (RI-MUHC) and an associate professor at McGill University. “Our study brings together immunological, biochemical, and psychosocial expertise to identify key factors that determine severe COVID-19 symptoms and complications in the elderly. If we can identify elderly people at greater risk of developing medical complications from COVID-19, it can guide better infection control measures and prioritize medical care to increase the chance that these people will have better treatment outcomes. The hope is to help avoid unnecessary hospitalization and in so doing, reduce the use of health care resources.”

The research team is multi-institutional and multi-disciplinary, involving the Research Institute of the McGill University Health Centre (RI-MUHC), Université de Montréal, Institut Universitaire de Gériatrie de Montréal (IUGM) and its Research Center (CRIUGM), Douglas Research Centre, McGill University’s Department of Psychiatry, and Concordia University’s Department of Psychology. The study is being carried out in partnership with two health networks (CIUSSS Centre Sud and CIUSSS de l’Ouest-de-l’Île-de-Montréal).

The study aims to recruit 850 participants in public residential and long-term care facilities and in private seniors’ homes in Montreal. The team will take blood samples to compare the immune response in residents who were never infected, residents who were infected but had no or few symptoms, residents who had moderate cases of COVID-19, and residents who had severe cases of the disease.

The study will also look at the relationship between immune status, markers of inflammation, psychosocial factors and the severity of COVID-19 symptoms. “In public residential and long-term care facilities, a large proportion of patients present some form of cognitive impairment,” explains Jean-Philippe Gouin, PhD, Associate Professor, Psychology, Concordia University. “We will first examine whether there is a correlation between psychosocial issues and more severe cases of COVID-19, and second,” Dr. Gouin continues, “whether a COVID-19 infection is associated with increased psychiatric symptoms, sleep disturbances, and cognitive impairment among long-term care residents.”

Cardiovascular issues, including arterial hypertension and coagulation dysfunction (not being able to properly control blood clotting), can lead to more severe cases of COVID-19. According to a study published in the European Heart Journal¹, patients with high blood pressure admitted to hospital with COVID-19 are twice as likely to die as those without the condition. It is estimated that almost 20% of patients with COVID-19 have significant coagulation disorders. In addition, some vaccinated patients may develop blood clots (thrombosis) after healing from COVID-19. A team led by Hélène Girouard, PhD, Professor, Faculty of Medicine, Université de Montréal, will seek to identify measurable indicators associated with high blood pressure and coagulation dysfunction that could be predictors of more severe COVID-19 cases. This will inform treatments to prevent COVID-19 complications.

“COVID-19 has been catastrophic among the elderly in long-term care facilities and studies like this one are needed so that we can better protect them going forward,” says Dr. Catherine Hankins, CITF Co-Chair. “Vaccines will help to make an enormous difference in protecting Canadians from COVID-19.”

“Vaccines are being rolled-out in long-term care facilities across Canada to help protect the elderly, who have been disproportionately impacted by the COVID-19 pandemic,” says Dr. Theresa Tam, Canada’s Chief Public Health Officer. “This study will help provide greater insight into the early immune response of elderly Canadians to this viral infection, and how the immune response—and the subsequent severity of COVID-19 and variants of concern—is affected by cardiovascular and psycho-social factors.”

About the COVID-19 Immunity Task Force

In late April 2020, the Government of Canada established the COVID-19 Immunity Task Force with a two-year mandate. The Task Force is overseen by a Leadership Group of volunteers that includes leading Canadian scientists and experts from universities and healthcare facilities across Canada who are focused on understanding the nature of immunity arising from the novel coronavirus that causes COVID-19. To that end, the CITF is supporting numerous studies to determine the extent of SARS-CoV-2 infection in Canada (in the general population as well as in specific communities and priority populations), understand the nature of immunity following infection, develop improved antibody testing methods, and help monitor the effectiveness and safety of vaccines as they are rolled out across Canada. The Task Force and its Secretariat work closely with a range of partners, including governments, public health agencies, institutions, health organizations, research teams, other task forces, and engages communities and stakeholders. Most recently, the Task Force has been asked to support vaccine surveillance, effectiveness and safety as part of its overall objective to generate data and ideas that inform interventions aimed at slowing—and ultimately stopping—the spread of SARS-CoV-2 in Canada. For more information visit: www.covid19immunitytaskforce.ca.

Media contacts:

COVID-19 Immunity Task Force

[email protected]

Rebecca Burns, Cell: +1.438.871.8763
Caroline Phaneuf, Cell: +1.514.444.4532

¹ “Association of hypertension and antihypertensive treatment with COVID-19 mortality: a retrospective observational study”, by Chao Gao et al. European Heart Journal. doi:10.1093/eurheartj/ehaa433

SHENZHEN, China, March 11, 2021 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that its one-click login and verification service, JVerification, now has 1,000 paid developers using the feature. Cumulative JVerification SDK installations are now 3.2 billion.

JVerification is a local number verification SDK jointly developed by Aurora Mobile and the three major telecommunications companies in China namely, China Mobile, China Telecom and China Unicom, that provides registration and login protocols, two-factor authentication and other identity verification solutions for mobile APP users. The product not only improves user experience and operational efficiency, but also enhances overall security of the user identity verification process. As 5G deployment accelerates, efficient, convenient, and safe registration and login protocols have become increasingly more important for mobile users, which is also a key factor in enabling APPs to improve user conversion rate and unlock traffic value.

Since Aurora Mobile officially launched JVerification in September 2018, the Company has entered into partnerships with many top online platforms to provide the services, including the local on-demand delivery platform Dada Now, the community group buying e-commerce platform Xingsheng Youxuan, the online education company 17zuoye and the social networking platform Inke, showing the extent to which Aurora Mobile’s powerful artificial intelligence (“AI”) and advanced analysis technologies have been fully applied across various industry verticals. JVerification earned its 1,000th paid developer and generated 3.2 billion cumulative JVerification SDK installations in only 29 months following its launch. In contrast, JPush, Aurora Mobile’s push notification solution, achieved 3.2 billion cumulative JPush SDK installations in 42 months. Aurora Mobile’s ability to achieve a more rapid installation rate for JVerification in comparison with JPush, fully demonstrates the acclaim and trust that Aurora Mobile commands for the industry-leading technical capabilities, quality of services and iterative SaaS products it offers to a growing base of mobile developers. Aurora Mobile’s key product and service offerings have already become a top choice for developers that aim to improve operational efficiency and drive business growth.

In recent years, developers’ willingness to pay for services has grown in line with their needs for additional requirements that improve operational efficiency and drive monetization of mobile APP traffic. In response to this market trend, Aurora Mobile recently launched a Video as a Service solution (“JG VaaS”) and a Unification Messages System (“JG UMS”) to help developers refine operations and drive higher growth. JG VaaS enables mobile APP developers to provide relevant user-friendly short video content in their apps, allowing developers to effectively arouse user interest, optimize user experience, and increase users’ average daily time spent and user stickiness. JG UMS has integrated seven major messaging channels, including mobile Apps, WeChat official accounts, WeChat mini-programs, Short Message Service (“SMS”), emails, Fuwu Alipay and DingTalk, and enables enterprise users to conduct a multi-channel unified messaging and management approach through one integrated messaging platform.

Going forward, Aurora Mobile will continue to execute its developer-centric strategy and upgrade its product portfolio, helping mobile APP developers effectively improve operations, and drive sustainable growth and monetization.

About Aurora Mobile Limited

Founded in 2011, Aurora Mobile is a leading mobile developer service provider in China. Aurora Mobile is committed to providing efficient and stable push notification, one-click verification, and APP traffic monetization services to help developers improve operational efficiency, grow and monetize. Meanwhile, Aurora Mobile’s vertical applications have expanded to market intelligence, financial risk management, and location-based intelligence, empowering various industries to improve productivity and optimize decision-making.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SaaS-model; its ability maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

For general inquiry, please contact:

Aurora Mobile Limited

E-mail: [email protected]

Christensen

In China

Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: [email protected]

In US

Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]

Tustin, CA, March 11, 2021 (GLOBE NEWSWIRE) — Freeze Tag (OTC: FRZT), a leading creator of location-based mobile social games, announced today that Barnes Harley-Davidson launched their second year of virtual community engagement events using their Squad Wars: Coast to Coast‬ app (formerly known as Barnes Nation: Game of Barnes). Utilizing Eventzee technology, “Squad Wars” has riders driving to landmarks and businesses throughout Western Canada and the United States.

Those interested in participating will first need to download the Squad Wars: Coast to Coast‬ app and create an account. Once that is done, it is recommended to visit the Squad Wars webpage to either create or find a squad to join, before doing so in the app. The new game utilizes underlying Eventzee technology which allows for team play. The challenges will require a majority of squad members to complete them before their points will be counted on the leaderboard. The virtual events, which feature gps, photo, video, and quiz challenges, are expected to end sometime in September.

“Barnes Harley-Davidson has been great to work with as they are constantly pushing the envelope,” said Craig Holland, CEO of Freeze Tag, “Many features they’ve requested have added polish to Eventzee’s functionality.”  

There are actually 2 Squad Wars events players can join when competing — the Squad Wars West Coast event and the Squad Wars East Coast event. The West Coast event is run by Barnes Harley-Davidson, while the East Coast event in conjunction with Blackbridge Harley-Davidson. Players can join the event of the dealership they’ve purchased from. The squads that are at the top spots in the leaderboards when the events are over will receive custom squad helmets, custom squad jackets, and an engraved trophy. 

“We’ve been looking forward to launching Squad Wars since the day we started working with the Eventzee team,” said Kiran Rancourt, Marketing Manager for Barnes Harley-Davidson. “We’re thrilled to offer motorcycle riders an opportunity to have activities they can enjoy with others who share their passion for riding.”

If you’re interested in hosting an Eventzee scavenger hunt visit our website and contact our team to set up the best package for you. You can also email us at [email protected] or call us at 714-210-3850 x15. Eventzee is ideal for trade shows, conferences and orientations. Businesses can use the app to drive traffic to specific locations, promote vendors or products and increase social interactions, while observing appropriate social distances. Some clients use Eventzee to hold contests and give away prizes to their most engaged customers. There are many ways Eventzee can help you achieve your business goals. For more information visit https://www.eventzeeapp.com/.

About Barnes Harley-Davidson

Barnes Harley-Davidson is a network of motorcycle dealerships located in British Columbia, Canada. The goal at Barnes Harley-Davidson is to earn the privilege to be the Harley-Davidson® dealership of choice for the discerning rider. Barnes Harley-Davidson started The Game of Barnes to grow the motorcycle riding base and help riders explore new roads and connect with a like-minded community of riders.

About Freeze Tag, Inc.

Freeze Tag, Inc. is a leading creator of mobile location-based games for consumers and businesses.  Our portfolio includes hits such as Munzee, a social platform with nearly 10 million locations worldwide and hundreds of thousands of players that blends gamification and geolocation into an experience that rewards players for going places in the physical world, Garfield Go, a Pokemon Go style augmented reality game based on the iconic cat Garfield, WallaBee, an addictive collecting game with over 2,200 beautifully drawn digital cards, as well as many social mobile games that provide endless hours of family-friendly fun. We also offer our technology and services to businesses that want to leverage mobile gaming in their marketing and branding programs. For example, our Eventzee solution allows businesses to create private scavenger hunts in physical places such as malls, tradeshows, company events or campuses to create immersive brand experiences.  For more information about Freeze Tag, go to: https://www.freezetag.com 

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, our ability to market our games, and our ability to implement new changes and release them. We undertake no obligation to revise or update any forward-looking statement for any reason. 

Contact:

[email protected]

714-210-3850 x26  

SHANGHAI, China, March 11, 2021 (GLOBE NEWSWIRE) — Pinduoduo Inc. (“Pinduoduo”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the fourth quarter ended Dec. 31, 2020, before U.S. markets open on Wednesday, Mar. 17, 2021.

Pinduoduo’s management will hold an earnings conference call at 7:30 AM U.S. Eastern Time on Mar. 17, 2021. (7:30 PM Beijing/Hong Kong Time on the same day).

Please pre-register to join this conference using the registration link below. Please dial in using the participant dial-in numbers, direct event passcode, PIN and unique registrant ID which would be provided to you upon registering.

Pre-register at: http://apac.directeventreg.com/registration/event/6892223

A telephone replay of the call will be available after the conclusion of the conference call until 8:59 AM U.S. Eastern Time on Mar. 25, 2021.

Dial-in numbers for the replay are as follows:

International:	+61-2-8199-0299
US:	+1-646-254-3697
Passcode:	6892223

A live and archived webcast of the conference call will be available at http://investor.pinduoduo.com/.

About Pinduoduo Inc.

Pinduoduo provides an online marketplace that connects millions of agricultural producers with consumers across China. Pinduoduo aims to bring more businesses and people into the digital economy so that local communities can benefit from the increased productivity and convenience through new market opportunities.

For more information on Pinduoduo news and industry trends, please visit our content hub at https://stories.pinduoduo-global.com/.

Source: Pinduoduo Inc.

For investor and media inquiries, please contact us at:

[email protected]
[email protected]

TORONTO, March 11, 2021 (GLOBE NEWSWIRE) — Despite claims to the contrary, minimum wage increases do little to lower poverty rates and can actually hurt low-income workers, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“As an anti-poverty tool, minimum wage hikes are largely ineffective and can actually hurt the very people they’re supposed to help,” said Philip Cross, senior fellow at the Fraser Institute and author of The Minimum Wage, Lost Jobs, and Poverty in Canada.

In recent years, all 10 provinces raised the minimum wage for workers—despite the realities of minimum wage policy. For example:

• Very few minimum wage earners (slightly more than one per cent) work for more than five years at the minimum wage.
• Minimum wage increases can increase unemployment because businesses often respond by laying off workers, reducing work hours and/or hiring less (or not at all). For example, after examining Ontario’s proposed 32 per cent minimum wage hike in 2018 and 2019, the province’s Financial Accountability Office estimated employment would fall by 50,000 jobs.
• Minimum wage increases have little impact on poverty rates because most people who receive the minimum wage live in households that already earn higher incomes (i.e. the majority of minimum wage earners are young people living with their parents).

“If governments want to help low-skilled workers and people entering the workforce, they should implement policies, such as competitive tax rates, which help businesses grow and create opportunities for Canadians,” Cross said.

MEDIA CONTACT:

Philip Cross, Senior Fellow
Fraser Institute

To arrange media interviews or for more information, please contact:

Mark Hasiuk, Senior Media Relations Specialist, Fraser Institute
604-688-0221 ext. 517
[email protected]

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org