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Protesters leave rail blockade in Hamilton after injunction notices delivered – Global News

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Protesters blocking rail lines in Hamilton left the scene Tuesday afternoon after police delivered a second court injunction notice.

Protesters set up a rail blockade along the train tracks between Aldershot and West Harbour GO stations in solidarity with the Wet’suwet’en Nation hereditary chiefs who oppose the 670-kilometre Coastal GasLink pipeline in northern British Columbia.

The blockade began Monday evening, hours after the Ontario Provincial Police dismantled a blockade in Tyendinaga Mohawk Territory just east of Belleville, Ont., that lasted nearly three weeks.


READ MORE:
Solidarity rail blockade launched in Hamilton after OPP arrests in Tyendinaga

Protesters began to clear the scene just after 5 p.m.

Participants could be seen packing up tents and personal belongings, while small fires continued to burn on the tracks.

Officers moved in shortly after to extinguish the fires and clear the remaining debris from the tracks.

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Police said no arrests were made.






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Hamilton railway blockade disbanded after protesters receive injunction notices


Hamilton railway blockade disbanded after protesters receive injunction notices


READ MORE:
GO train cancellations between Niagara Falls and Aldershot stations due to rail blockade

Early Tuesday, Hamilton police const. Jerome Stewart told reporters officers were encouraging the protesters to leave “the area peacefully.”

Officers were on scene where the blockade was and others were stationed in the nearby vicinity.

The blockade has caused GO Transit disruptions and train service has been suspended since Monday evening at Niagara Falls GO, St. Catharines GO, Hamilton GO or West Harbour GO stations.

Shuttle buses have been running between those stations to Aldershot GO.






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Protesters continue to block railway tracks in Hamilton after being served injunction


Protesters continue to block railway tracks in Hamilton after being served injunction

According to the Wet’suwet’en Strong: Hamilton in Solidarity Facebook group, a post on Tuesday morning said: “It’s a new day, and we started it by burning the injunction delivered by CN rail.” It also encouraged others to join the protest.

“Hamilton police does respect the right of people’s freedom of assembly and peaceful assembly and expression of freedom,” Stewart said at the time. “However, we have a court injunction that’s in place right now and we are here to enforce that injunction if need be.”

Meanwhile, a blockade was set up in Toronto’s west end Tuesday afternoon. It forced the suspension of the Milton GO train line during the evening rush hour.

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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)

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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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