TORONTO, Sept 22 (Reuters) – Interest rates may have to be
about one-and-a-half percentage points lower than they have been
historically in order for the Canadian economy to operate at
full capacity, a senior Bank of Canada official said on Monday.
The central bank estimated that the neutral rate of
interest, or the rate at which the economy can work at full
capacity with stable inflation, is now seen as 3 percent to 4
percent, down from a range of 4.5 percent to 5.5 percent in the
TORONTO (Reuters) – Online video streaming service Netflix Inc told Canada’s broadcast regulator on Friday that it opposes paying to support “old media” and its own commercial interests and market dynamics were enough to ensure it distributed Canadian content.
The submissions from Netflix came on the last day of a two-week hearing on the future of Canadian television in which the Californian company has been painted as a disruptive threat to the country’s established cable and broadcast television interests.
TORONTO, Sept 18 (Reuters) – Telecom provider Telus Corp
detailed the requests for customer information it has
received from the Canadian government on Thursday, joining rival
Rogers Communications Inc in providing greater
transparency amid growing public concern about state
Vancouver-based Telus said it received 103,462 requests
relating to its wireless, Internet or fixed-line customers in
2013, the first year for which it is making data available.
TORONTO (Reuters) – The sale of Wind Mobile to a group of private equity investors will need to be followed by hefty investment and further deals before Canada`s No. 4 wireless provider poses a significant threat to its much larger competitors.
Shares of BCE Inc, Telus Corp, and Rogers Communications Inc all fell slightly on Tuesday following the news, which some view as a first step to creation of a stronger challenger to the three dominant national players.
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TORONTO, Sept 16 (Reuters) – A tiny Montreal company is
turning to crowdfunding in hopes of moving its virtual reality
headset from a working prototype to a mass produced rival to
products from Facebook, Samsung and Sony.
Vrvana Inc aims to raise C$350,000 ($318,000) via website
Kickstarter to make the first 1,000 units of its Totem headset,
it said ahead of the month-long campaign’s launch on Tuesday.
TORONTO (Reuters) – The investment company of Wind Mobile’s founder confirmed it would buy Vimpelcom Ltd’s (VIP.O: Quote, Profile, Research, Stock Buzz) majority stake in the young Canadian wireless company, promising a fresh boost of capital as it seeks to cement its place as a major national player.
The deal, subject to regulatory approval, includes the purchase of Vimpelcom’s direct and indirect debt and equity interests in Wind, Globalive Capital said on Tuesday.
TORONTO, Sept 15 (Reuters) – Vimpelcom Ltd has
agreed to sell its majority stake in Canadian wireless carrier
Wind Mobile to its current minority owner Globalive for around
C$300 million ($272 million), two sources with knowledge of the
matter said on Monday.
One of the sources said the transaction would be partly
funded by an investor group led by Canadian hedge fund West Face
Capital Inc and include California-based private equity firm
Tennenbaum Capital Partners.