Environment Canada has issued wind warnings for British Columbia’s central coast, Sunshine Coast and Greater Victoria regions, forecasting gusts of up to 120 kilometres an hour in some parts.
The weather agency says an intense Pacific frontal system will remain off the coast through Friday, bringing the strongest winds to exposed coastal areas between northern Vancouver Island and Bella Bella.
In the Sunshine Coast and the Victoria region, wind speeds are expected to reach 70 kilometres an hour with gusts up to 90 kilometres an hour.
Environment Canada says the high winds may damage roof shingles and windows in the affected zone and power outages may occur.
On Tuesday, the weather agency issued high wave alerts for the west coast of Vancouver Island and Greater Victoria.
Environment Canada says “a strong storm” from Christmas Eve to Boxing Day brought wind speeds as high as 172 kilometres an hour to remote Sartine Island northwest of Vancouver Island.
About 28,000 BC Hydro customers lost power along the province’s southern coast at one point.
That storm also brought heavy rainfall, with 178 millimetres falling at Kennedy Lake on Vancouver Island.
ORIGINAL: 5:55 a.m.
Environment Canada has issued weather alerts for two Vancouver Island regions, warning of potential ocean waves reaching up to seven metres on Wednesday.
The national weather agency says elevated ocean water levels mixed with significant waves are expected in the late morning in Greater Victoria until the early afternoon.
It says large waves, storm surge, and seasonably high tides may produce the high water levels, and coastal flooding is possible along exposed shorelines, especially in low-lying areas.
Similarly on the west coast of Vancouver Island, Environment Canada says waves, which could reach a maximum of five to seven meters tall, are expected along shorelines exposed to open ocean.
It says waves and pounding surf will produce higher than normal water levels along the coast and are also expected to begin sweeping the island starting later in the morning on Wednesday.
Environment Canada says in the notice that these waves are likely to cause damage to coastal infrastructure.
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.
