Via Rail posts smaller losses in 1st quarter thanks to federal funding help

  • 📰 GlobalNational
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada Headlines News

Canada Latest News,Canada Headlines

Via Rail cut operating expenses by 34.1 per cent to $133.6 million in part through temporary employee layoffs.

The federal government contributed $143.1 million, down 10.7 per cent from $160.3 million in the prior year’s quarter.2021 Federal Budget: money for VIA Rail project, affordable housing, and child care – Apr 20, 2021

This included $96.2 million in operating funds and $46.9 million in capital funding, compared with $104.8 million and $55.5 million, respectively, a year earlier.“Transportation options have been severely impacted by the pandemic, but I would like to reiterate our commitment to resuming all routes across the country once conditions permit us to do so,” stated CEO Cynthia Garneau.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Guy belongs to me from Sick Kids portion of the proceeds of the grant money - hit me with a Guitar Case in head, get me someone to get him corrected out of the Savage Garden, what i said lets make some music, and help me with the languages, etc.,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 81. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal funding for Via Rail helps to soften the pain from plunge in passengersFinancial government support helped to cushion the blow for Via Rail created by an 81 per cent drop in passenger revenues in the first quarter. What's the difference, it's all monopoly money anyways now lol. The government had a great way to commit alchemy. They used the law to turn paper into gold and every new dollar in the system devalues every other dollar. Plunge in passengers is more due the high ticket prices, we need to figure out how to make travel options more cost effective.
Source: CTVNews - 🏆 1. / 99 Read more »

Federal funding for Via Rail helps to soften the pain from plunge in passengersFinancial government support helped to cushion the blow for Via Rail created by an 81 per cent drop in passenger revenues in the first quarter. What's the difference, it's all monopoly money anyways now lol. The government had a great way to commit alchemy. They used the law to turn paper into gold and every new dollar in the system devalues every other dollar. Plunge in passengers is more due the high ticket prices, we need to figure out how to make travel options more cost effective.
Source: CTVNews - 🏆 1. / 99 Read more »

Trudeau says federal government will help find other residential school gravesites\u0027Sadly, this is not an exception or an isolated incident. We’re not going to hide from that. We have to acknowledge the truth\u0027 Oh just like they got clean drinking water to all First Nation reserves?
Source: nationalpost - 🏆 10. / 80 Read more »

Bianca Andreescu eliminated from French Open after first-round loss - Sportsnet.caBianca Andreescu was eliminated from the French Open after losing a third-set tiebreaker in Round 1. She will be back OrvilleLloyd They didn’t play a third set tiebreak Bianca needs more matches she wasn't match tough it showed. Usually she wins these kinds of matches.
Source: Sportsnet - 🏆 57. / 59 Read more »

Who among Canada's essential workers has been vaccinated?In every single case that responded, the Post was told the vaccine information wasn’t kept or wouldn’t be shared. — via healthing_ca healthing_ca Me
Source: nationalpost - 🏆 10. / 80 Read more »