Travellers taking the ferry between Vancouver Island and the Lower Mainland on the busy Canada Day long weekend may need to pack plenty of patience as B.C. Ferries announced the cancellation of 48 sailings due to ongoing repair work on one of its vessels.
Business
B.C. Ferries cancels sailings on busy Canada Day long weekend
There will be eight fewer daily sailings between Tsawwassen and Swartz Bay from June 28 to July 3
That means there will be eight fewer daily sailings on the Tsawwassen and Swartz Bay route from June 28 to July 3.
More than 6,600 bookings on the Celebration were affected. Passengers and vehicles were rebooked on alternate sailings on one of three other vessels on the route, said the ferry company. There have been no booking cancellations, it added.
In a statement, B.C. Ferries president and CEO Nicolas Jimenez thanked customers for their flexibility. “I can assure all travellers that our engineers are working closely with shipyard crews to expedite repairs so the Coastal Celebration can safely get back on the water as soon as possible,” he said.
The company said it is preparing for the expected lines and sailing waits at Swartz Bay and Tsawwassen terminals by opening all ticket booths and boosting the number of traffic flaggers.
Meanwhile, B.C. Ferries’ online and phone reservation systems were out of service for about 90 minutes on Wednesday afternoon.
At around 1:30 p.m., the company said its online and call centre reservations systems were “unavailable.” The website was restored just after 3 p.m.
Business
Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago
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.
Companies in this story: (TSX:QSR)
The Canadian Press. All rights reserved.
Business
Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago
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.
Companies in this story: (TSX:FTS)
The Canadian Press. All rights reserved.
Business
Thomson Reuters reports Q3 profit down from year ago as revenue rises
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.
Companies in this story: (TSX:TRI)
The Canadian Press. All rights reserved.
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