Business

Ontario reports dip in daily new COVID-19 cases

Published

4 years ago

October 14, 2020

TORONTO —
Ontario is reporting another 721 cases of COVID-19, marking a slight decline from the number of infections logged a day earlier.

There were 746 infections confirmed on Tuesday, 807 on Monday, 649 on Sunday and 809 on Saturday.

Most of the new COVID-19 cases logged on Wednesday involve people between the ages of 20 and 60.

Five hundred and eleven of the 721 COVID-19 cases fall within that age group. According to the province’s epidemiological report, there are 102 people under the age of 20 and 108 people over the age of 60 that have contracted the disease.

No new deaths related to the disease were recorded on Wednesday.

There are currently at least 231 people being treated at Ontario hospitals for COVID-19. Of those patients, 64 are in the intensive care unit and 35 are breathing with the assistance of a ventilator.

The total number of lab-confirmed COVID-19 cases in Ontario now stands at 61,413, including 3,017 deaths and 52,512 recoveries.

Where are the COVID-19 cases in Ontario?

The majority of new infections were found in the Greater Toronto Area. There are 270 new cases in Toronto, 170 in Peel Region and 79 in York Region.

Other areas of the GTA are also recording more than 20 cases, including Durham Region (22), Hamilton (41) and Halton Region (21).

Ottawa’s daily case count declined significantly from 116 cases on Tuesday to 39 on Wednesday.

The province conducted a little more than 32,200 COVID-19 tests in the last 24 hours, bringing Ontario’s positivity rate to about 2.2 per cent.

At the same time, the backlog in tests has increased in the last 24 hours, rising from about 24,400 to 26,500.

Source: – CTV Toronto

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Business

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

Published

8 hours ago

November 5, 2024

Anne Joseph

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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Business

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

Published

8 hours ago

November 5, 2024

Anne Joseph

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

Published

8 hours ago

November 5, 2024

Anne Joseph

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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