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DiTommaso's store sells most Smile Cookies – Sault Star

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Ryan DiTommaso, his wife Sara, and son Rhett, celebrate Tim Hortons in Dunnville, Ont., selling the most Smile Cookies in Canada for a third consecutive year. SUPPLIED

A Sault Ste. Marie native helms the Tim Hortons that’s sold the most Smile Cookies in Canada for three consecutive years.

Ryan DiTommaso has owned the Broad Street East location in Dunnville, about 60 kilometres southeast of Hamilton, since late 2017. The White Pines Collegiate and Vocational School graduate has worked at Tim Hortons for more than a decade, starting his career with the company in the Sault.

His location sold a whopping 62,889 Smile Cookies during the annual national fundraising campaign for charities that ran Sept. 14-20. That’s nearly 50 per cent more cookies than the 42,879 sold in 2019 and not too far away from triple the sales of 22,748 in 2018. All proceeds go to charity.

The whole community rallies behind the cause,” DiTommaso told The Sault Star.

Customers buying cookies for their families and friends, businesses picking up “hundreds” of treats for their employees or the community’s long-term care home, former Dunnville residents calling up contacts asking for cookies to be bought for them all helped drive sales, said DiTommaso. Even neighbouring eateries were encouraging the community’s residents to buy cookies at Tim Hortons.

That’s how serious people are about buying cookies and defending that title,” said DiTommaso.

Dunnville has a population of about 5,800. DiTommaso’s goal this year was sales of 50,000.

Many of the great ideas and processes that we used in Sault Ste. Marie during Smile Cookie in past years were brought to our stores in the south where they were tuned and adjusted by my hardworking team of manager and staff members,” said DiTommaso in an email to The Sault Star. “The outcome of this hard work resulted in the unbelievable numbers we were able to sell.”

A challenge from neighbouring Binbrook, Ont., for the title of top cookie seller also helped spur sales.

It really peeved people off,” said DiTommaso. “Dunnville just wanted it bad. They weren’t going to let Binbrook take it from us.”

Tim Hortons in Binbrook still earned plaudits for its efforts selling more than 35,000 cookies for Employment Squared.

Smart Cookie proceeds from the Dunnville location have supported Dunnville Hospital and Healthcare Foundation “for many years,” said DiTommaso.

I know my entire team, as well as the many volunteers and members of the foundation, worked hard and the entire community rallied and went the extra mile when they heard we could be No. 1,” he said. “It is all in good fun and in the end for a great cause.”

DiTommaso is also “very proud” his fellow Tim Hortons owners in the Sault raised more than $50,000 in Smile Cookie sales to help Algoma Residential Community Hospice and Twinkie Foundation.

The Dunnville Hospital Foundation, similar to ARCH and Twinkie Foundation, are organizations that the community values and wants to support,” said DiTommaso. “Buying Smile Cookies really helps these great community organizations continue to do the great work they do which is a reason why I believe both communities are so successful with the program.”

He managed Tim Hortons on Second Line West at Farwell Terrace then became general manager at that site and Great Northern Road at Second Line East. DiTommaso then became a franchisee with his sister, Ashleigh MacLeod, of Tim Hortons on Great Northern Road near Third Line East. The siblings also own a Tim Hortons in Smithville, about 30 kilometres north of Dunnville.

Nationally, Smile Cookie sales set a new record with $10.6 million raised this year for charities compared to $9.8 million in 2019.

btkelly@postmedia.com

On Twitter: @Saultreporter

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Coronavirus: Alberta's top doctor says "we have a challenge" as 1440 cases confirmed over weekend – Global News

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  1. Coronavirus: Alberta’s top doctor says “we have a challenge” as 1440 cases confirmed over weekend  Global News
  2. Single-day case count breaks 500  Edmonton Journal
  3. 15-person limit on social gatherings in Calgary and Edmonton  CTV Toronto
  4. Alberta imposes new social gathering restrictions after setting daily record for COVID-19 cases  CBC.ca
  5. New mandatory limits to social gatherings in Calgary; 1,440 new cases over weekend  Calgary Herald
  6. View Full coverage on Google News



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Cenovus Energy shares plummet on news of its $3.8B deal to buy Husky Energy

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The all-share deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.

“This is likely just the start of big deals in Canadian energy land and thus it begs the question of who is next?” said analyst Phil Skolnick of Eight Capital in a report on Monday.

“As seen in the U.S. with the accelerated M&A activity, when there’s one meaningful transaction, there’s likely more to come.”

Several industry observers point to Calgary-based oilsands producer MEG Energy Inc. as the leading potential target, noting Husky’s failed $3.3-billion hostile takeover attempt of its smaller rival two years ago.

In his report, Skolnick presents scenarios where Canadian Natural Resources Ltd. (sometimes referred to by its stock ticker, CNQ) or Imperial Oil Ltd. buy MEG, while also outlining the numbers involved if Canadian Natural combined with Imperial or Suncor Energy Inc., and if Suncor were to merge with Imperial.

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“Some (scenarios) have been asked about before and I was just bringing up some new ones _ like a CNQ and Suncor merger is not something I’ve heard out there, but nor was Cenovus-Husky,” he said in an interview.

“I’m not going to give zero chance to anything anymore.”

Analysts generally applauded the surprise Cenovus-Husky hookup announced Sunday for its operational advantages but criticized the plus-20-per-cent premium in the price for Husky.

“The deal does makes strategic sense,” said Manav Gupta of Credit Suisse in a note to investors.

“Like U.S. E&P (exploration and production companies), Canadian energy companies also need to come together, cut costs and become leaner to better adapt to lower energy demand in post pandemic world.”

He said Cenovus’s reputation as an efficient operator in its steam-driven oilsands projects will help Husky overcome its struggles with operational issues, including higher operating and administrative costs.

The companies have identified $1.2 billion in potential annual cost savings which will include workforce reductions.

 

But Gupta added the premium is “excessive” and joined other observers in predicting Cenovus shares would trade lower, as they did, falling by as much as 15 per cent to $4.15 in Monday trading in Toronto before closing down 8.4 per cent at $4.47.

Husky, meanwhile, gained as much as 14.2 per cent to $3.62 before closing up 12 per cent at $3.55 .

Husky shareholders are to receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share if the deal is concluded.

Cenovus shareholders would own about 61 per cent of the combined company and Husky shareholders about 39 per cent.

The transaction must be approved by at least two-thirds of Husky’s shareholders but Hong Kong billionaire Li Ka-Shing controls 70 per cent of Husky’s shares and has agreed to vote them in favour of the deal.

The announcement Sunday came just as Calgary’s oilsands companies are about to start rolling out third-quarter financial results, with Suncor Energy Inc. set to report Wednesday and both Cenovus and Husky scheduled to report on Thursday.

© 2020 The Canadian Press

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Ant Group raises $34.4 billion in the biggest IPO of all time – CNBC Television

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  1. Ant Group raises $34.4 billion in the biggest IPO of all time  CNBC Television
  2. Ant Group set to surpass Aramco as biggest-ever IPO  Aljazeera.com
  3. Chinese fintech could shatter records with US$35B share offer  CTV News
  4. Jack Ma Wealth Surges Above Walmart Heirs’ With Record Ant IPO  BNN
  5. Behold the Mighty Ant  The Wall Street Journal
  6. View Full coverage on Google News



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