One of the provinces that’s largely escaped the ravages of the COVID-19 pandemic abruptly moved to stem a burgeoning outbreak on Saturday, while Canada’s two long-standing virus hot spots marked a grim anniversary and braced to pass some sobering milestones in their respective fights against the pandemic.
All of this comes amid another 2,724 cases of COVID-19 reported by health authorities across the country Saturday, pushing the national caseload to 864,132. Another 45 deaths were reported on Saturday as well, with the country’s death toll standing at 21,960.
At least 811,300 patients have since recovered from contracting the virus however, while over 24.8 million tests and 1.83 million vaccine doses have been administered.
Prince Edward Island’s newly announced “circuit-breaker” measures, which limit gathering sizes and social circles, are meant to clamp down on an outbreak of COVID-19 that officials believe is linked to the variant of the virus that first emerged in the United Kingdom.
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“We do seem to be stuck in this tangled spider’s web of COVID and it won’t really let us out of its grip,” P.E.I. Premier Dennis King said Saturday.
The measures come into effect Sunday and are set to last two weeks.
They also prohibit indoor dining and receptions for weddings and funerals, while limiting occupancy in retail stores and gyms.
The province counted six new cases of COVID-19 on Saturday, all among people in their 20s. None of the cases are linked to travel outside the province.
P.E.I. has had 127 cases of the virus since the pandemic began, 10 per cent of which are currently active.
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Ontario, meanwhile, is poised to cross the 300,000 case threshold on Sunday after the 1,185 new infections counted Saturday pushed the overall tally to 299,754.
The province has been logging roughly 1,000 new cases per day in recent weeks. Ontario is also approaching 7,000 total deaths linked to the virus, with 6,960 recorded as of Saturday.
The province is taking a regional approach to its pandemic response, and is set to push two public health units back into lockdown on Monday — Simcoe-Muskoka and Thunder Bay.
Meanwhile, restrictions will loosen Monday in the Niagara Region, Chatham-Kent; Middlesex-London; Southwestern; Haldimand-Norfolk; Huron Perth; and Grey Bruce public health regions.
Meanwhile Quebec, Ontario’s neighbour to the east, marked one year since detecting its first case of COVID-19.
In that time, it’s seen 287,003 cases of the virus, including 858 that were announced Saturday. It also logged 13 more deaths for a total of 10,385.
But Premier Francois Legault said there was reason for optimism, as the infection rate has been relatively stable and the province has begun vaccinating members of the general public in some regions.
“We should receive around 175,000 doses of vaccine per week in March and therefore we will move quickly,” Legault wrote. “We still have a few critical weeks ahead of us, especially because of the spring break and the new variants.”
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
