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Ontario reports more than 500 new cases of COVID-19 for fourth consecutive day – CTV Toronto

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TORONTO —
For the fourth day in a row, Ontario is reporting more than 500 new COVID-19 infections across the province.

The 511 new cases logged Sunday mark a decrease over the 578 reported a day earlier, which was the highest single-day total documented since June 10.

Of the cases added today, 350 were recorded in individuals who are unvaccinated and 67 were in those partially vaccinated. The remaining 94 cases were found in fully vaccinated people.

Health Minister Christine Elliott said in a tweet that 98 people are currently in hospital with COVID-19 and 116 are being treated in intensive care. She said the discrepancy in patient data, as well as the absence of their vaccination status, is due to a delay in hospital reporting over the weekend.

Sunday’s report brings the total number of lab-confirmed COVID-19 cases in Ontario to 555,561. This number includes 542,476 recoveries and 9,418 deaths related to the disease. No news deaths were reported in the last 24-hour period.

Ontario’s seven-day average for the number of cases reported stands at 440. For context, last week that number was 261. A week before that, the average was 196.

The new cases were reported based on 19,192 tests, which the Ministry of Health says produced a positivity rate of 2.6 per cent.

Where are the new COVID-19 cases?

The province says most of the cases reported Sunday were found in Toronto (116), Peel Region (69), and York Region (64).

Other regions with double-digit COVID-19 case counts include Hamilton (48), Windsor-Essex (27), Waterloo (24), Halton Region (24), Middlesex-London (21), Niagara Region (20), Durham Region (17), and Ottawa (17).

The province has said it will move out of Step 3 of its reopening strategy and lift virtually all remaining public health restrictions once 80 per cent of eligible residents have one dose of a COVID-19 vaccine and 75 per cent have two doses.

As of today, roughly 81.5 per cent of all eligible Ontarians have received at least one dose and 73.3 per cent have received two doses, Elliott said.

Update on COVID-19 variants of concern

Ontario labs said they confirmed 85 additional cases of COVID-19 variants of concern in the last 24 hours.

Sixty-three of those cases were of the Delta variant B.1.617.2. The case total for the strain sits at 6,182.

Another 22 cases of the Alpha variant B.1.17 were also included in Sunday’s report, bringing the case total to 145,688.

No new cases of the Beta variant B.1.351 or Gamma variant P.1 were recorded.

Backstory:

The numbers used in this story are found in the Ontario Ministry of Health’s COVID-19 Daily Epidemiologic Summary. The number of cases for any city or region may differ slightly from what is reported by the province, because local units report figures at different times.

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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)

The Canadian Press. All rights reserved.

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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)

The Canadian Press. All rights reserved.

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