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Will declining ridership numbers affect the CAT Ferry's contract renewal?
Will declining ridership numbers affect the CAT Ferry's contract renewal?

CTV News

time4 days ago

  • Business
  • CTV News

Will declining ridership numbers affect the CAT Ferry's contract renewal?

The CAT Ferry is pictured in Yarmouth, N.S., on June 5, 2025. (CTV Atlantic / Jonathan MacInnis) Bay Ferries has released the most recent ridership numbers for the CAT Ferry, which travels between Yarmouth, N.S., and Bar Harbor, Maine. Last month's figures show almost 13,000 reservations for this sailing season compared to over 16,500 at the same Video taken on board a little more than a week ago shows a nearly-empty ship heading to Maine. Canadians boycotting vacations to the United States in reaction to the trade war may be a reason for the drop in numbers. 'I'm actually not concerned at all with the drop in passengers because it is one way,' said Yarmouth Mayor Pam Mood. Yarmouth resident Lee Corporon is retired and, to pass the time, he heads to the wharf to watch the vessel load and unload. 'I think there was 42 vehicles that just went on the boat, on the ferry, and I think two days ago when it docked, I counted 78 coming off,' he said. CATT Ferry The CAT Ferry is pictured in Yarmouth, N.S., on June 5, 2025. (CTV Atlantic / Jonathan MacInnis) The province and Bay Ferries have a contract to operate the ship through next season. The province has said ridership will play a part in determining its willingness to sign a new deal. 'An economic impact study of the service is currently underway, which will inform decisions on the future of the service,' said a spokesperson for Nova Scotia's Department of Public Works in a statement to CTV News. Mood believes the drop in numbers is a blip on the radar, not a trend. 'I think they've seen that the numbers are climbing in previous years so no, not worried at all that that will be taken into consideration,' she said. 'I absolutely can't see a government shutting down an international highway to the U.S. where there's tens of millions of people.' Phillip Mooney, chair of the Yarmouth and Acadian Shores Tourism Association, says the bookings look good on the American side. He adds Yarmouth isn't the only entry point seeing a decline in Canadians heading south of the border. 'The crossings in Windsor, the crossings in British Columbia, the cancellations and disruptions of some of the air services going to the United States,' he said. The full picture will be clearer when Bay Ferries releases its updated passenger numbers, which is expected next week. For more Nova Scotia news, visit our dedicated provincial page

Shareholder Alert: The Ademi Firm Investigates Whether Guaranty Bancorp, Inc. Is Obtaining a Fair Price for Its Public Shareholders
Shareholder Alert: The Ademi Firm Investigates Whether Guaranty Bancorp, Inc. Is Obtaining a Fair Price for Its Public Shareholders

Associated Press

time12-03-2025

  • Business
  • Associated Press

Shareholder Alert: The Ademi Firm Investigates Whether Guaranty Bancorp, Inc. Is Obtaining a Fair Price for Its Public Shareholders

MILWAUKEE--(BUSINESS WIRE)--Mar 12, 2025-- The Ademi Firm is investigating Guaranty (OTC: GUAA) for possible breaches of fiduciary duty and other violations of law in its transaction with Bar Harbor . Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Guaranty shareholders will receive only 1.85 shares of Bar Harbor common stock for each of their shares, or approximately $56.94 per share. Guaranty insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Guaranty by imposing a significant penalty if Guaranty accepts a competing bid. We are investigating the conduct of the Guaranty board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. Guri Ademi Toll Free: (866) 264-3995 SOURCE: Ademi & Fruchter LLP Copyright Business Wire 2025. PUB: 03/12/2025 10:06 AM/DISC: 03/12/2025 10:06 AM

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