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Ontario extends COVID-19 orders for another 30 days amid second wave – CTV Toronto

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Ontario has extended a number of COVID-19 orders until mid-November as the province grapples with the second wave of the disease.

In a news release issued late Tuesday morning, the Progressive Conservative government said that the extension will apply to all orders under the Reopening Ontario Act (ROA) except those that deal with hydro prices and access to electronic personal health information.

Orders under the ROA include the province’s ability to implement rules on public gatherings, business closures and managing outbreaks in hospitals or long-term care homes.

The extension of these orders does not change the length Toronto, Peel Region, Ottawa and York Region will be forced to remain in a modified Stage 2.

“With the cold and flu season upon us and the continuing high number of COVID-19 cases in certain parts of the province, it’s critical we continue to take the necessary steps to protect the health and safety of Ontarians,” Solicitor General Sylvia Jones said in a statement.

“We have renewed the majority of orders to ensure we have the tools in place to address any urgent public health situations and support the continued delivery of critical services.”

The orders will remain in effect until Nov. 21.

There are two orders that will not be extended or amended. The first has to do with the regulation of hydro prices, which is set to change back to time-of-use pricing in November.

The average residential customer using 700 kWh per month is expected to see their bills increase by about $2.24. Customers will also have the choice to change to a “tiered” system for more stagnant rates.

An order that allows health officials to collect electronic personal health information will also expire as of Oct. 22.

In the news release, the government also said that regulations have been amended for both Stage 2 and Stage 3 regions to allow in-person teaching and instruction for fire departments, which are “critical for public safety.”

An order for regions under the modified Stage 2 of the province’s reopening plan was also amended to allow dance classes to operate, permitting they follow specified criteria.

“This change to the regulation recognizes that dance styles such as ballet, hip hop, and ballroom, can still be taught and practiced safely when certain public health measures are followed, similar to other permitted activities, such as cheerleading and gymnastics,” the province said.

The ROA was implemented in July and makes changes to about 20 COVID-19 related pieces of legislation.

Under the ROA, COVID-19 related orders put in place during the pandemic can be amended but no new emergency orders can be created.

The orders must be extended every 30 days in order to remain in effect.

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

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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)

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

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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)

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Thomson Reuters reports Q3 profit down from year ago as revenue rises

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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)

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