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Meet the retired Hearst, Ont. couple that won $65 million in the lottery

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SUDBURY —
Canada’s newest millionaires are a sweet, retired working-class couple from the town of Hearst in northern Ontario.

James Wickman and his wife Eerikka drove almost 10 hours to Toronto in a rented coach bus with around two dozen family members to pick up their $65 million Lotto Max jackpot Wednesday afternoon.

The 67-year-old retired electrical contractor was in his car when he heard the winning ticket to the Sept. 8 Lotto Max draw was sold in the Timiskaming/Cochrane District. He rushed home to check his ticket on the OLG app.

“I showed my wife the message on the app, but she couldn’t believe it and thought it was an error,” said James. “So, I went to the store to have the ticket checked through the lottery terminal and that’s when all the bells and whistles went off!”

Eerikka, a retired teacher’s aid, said she didn’t believe him because her husband is always joking around.

“I still don’t believe it,” she said, in front of cameras in Toronto at the cheque presentation.

James’ daughter, one of four adult children, was with him at the store when they confirmed the win and got on the phone right away to share the news with her siblings.

A regular lottery player, James buys one or two tickets a week, but doesn’t rely on special numbers.

“I always ask the retailer for quick pick numbers and that’s what won me the jackpot,” said James.

The last significant prize he won was almost 50 years ago.

“The last time I won a big prize was in 1972 – $5,000 in a gas station contest,” said James. “Back then $5,000 was big money, but nothing compared to hitting a $65 million jackpot. Wow!”

When the couple was asked if they plan to go somewhere warm in the winter, Eerikka nodded her head ‘no’ right away.

“You can always dress warm for the winter, but there is only so much you can take off in the summer,” said James. “We love the snow.”

They said they plan on staying in their community for as long as they can and have no plans to move.

“Toronto’s too big,” said Eerikka.

The grandparents of 11, with one new baby on the way, plan to share the winnings with their family.

“Each to have their own homes, no debt, education funds for the kids, that would be nice. Whether they want to work or not is their choice,” said Errikka. “We have a lot to think about and we want to be fair.”

For herself, Eerikka said she would like to have a little hobby farm and a cow.

James bought his winning ticket at the Canadian Tire Gas Bar on Front Street in Hearst.

Hearst, Ont. is located on the Mattawishkwia River on Highway 11 over 250 km northwest of Timmins.

Source:- CTV Toronto

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TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

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CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.

It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.

The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.

Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.

TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.

The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:TRP)

The Canadian Press. All rights reserved.

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BCE reports Q3 loss on asset impairment charge, cuts revenue guidance

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BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.

The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.

On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.

“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.

“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”

Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.

BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.

The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.

BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.

It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.

The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”

Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:BCE)

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Canada Goose reports Q2 revenue down from year ago, trims full-year guidance

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TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.

The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.

Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.

On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.

In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.

It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:GOOS)

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