Business

Nearly a dozen workers at Calgary and area supermarkets and pharmacies sick with coronavirus – CTV Toronto

Published

4 years ago

October 31, 2020

CALGARY —
Loblaw and Sobeys, the two companies that own and operate most of the major supermarkets in Alberta, have confirmed 11 new cases of COVID-19 in locations in Calgary and area this week.

On its website, Loblaw said seven workers at various locations in Calgary as well as a No Frills store in High River, tested positive this week:

Team member at Merv’s No Frills, 4501 17 Ave. S.E., tested positive on Oct. 31 (last day worked was Oct. 27)
Team member at Andrew & Jessica’s No Frills, 1103 18 St. S.E., High River, Alta., tested positive Oct. 31 (last day worked was Oct. 28)
Team member at Shoppers Drug Mart, 6455 Macleod Tr. S., tested positive Oct. 31 (last day worked was Oct. 27)
Two team members at Real Canadian Superstore, 540 Third St. S.E., tested positive Oct. 31 (last day they worked were Oct. 25 and 26)
Two team members at Shoppers Drug Mart, 3012 17 Ave. S.E., tested positive Oct. 30 (last day they worked were Oct. 24 and 25)

Loblaws says it is continuing to work with public health officials during the pandemic and has taken precautions to protect their workers and customers.

“In all of our stores, we encourage our colleagues and employees to wear masks, particularly where physical distancing is not always possible. Many local government authorities have mandated that our staff and customers wear masks within our stores,” the company said in a statement.

A full list of stores where mandatory mask rules are in place is available online.

3 NEW CASES AT CALGARY SOBEYS STORES

Four additional cases of coronavirus have also been found in workers at Sobeys locations in southern Alberta since Tuesday.

Three of the new cases are in Calgary while the fourth involved a worker at an IGA in Claresholm, Alta.

Team member at Sobeys, 20 McKenzie Towne Ave. S.E., tested positive Oct. 27 (last day worked was Oct. 23)
Team member at IGA, 4920-First St. W., Claresholm, Alta., tested positive Oct. 30 (last day worked was Oct. 25)
Team member at Safeway, 3550-32 Ave. N.E., tested positive Oct. 30 (last day worked was Oct. 22)
Team member at Safeway, 1200-37 St. S.W., tested positive Oct. 30 (last day worked was Oct. 23)

“We will continue to update (advisories) to be transparent with you where we have been notified of cases of COVID-19 in our stores,” Sobeys wrote in a statement.

“Where required, we will communicate with customers who have shopped in the impacted location, with store signage, outlining our steps to manage the situation.”

No personal information about the employees, including in what areas they worked in the stores, is being released out of a respect for the privacy of those workers and their families.

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Business

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

Published

24 hours ago

November 7, 2024

Anne Joseph

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)

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Business

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

Published

24 hours ago

November 7, 2024

Anne Joseph

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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Business

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

Published

24 hours ago

November 7, 2024

Anne Joseph

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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