TORONTO, Sept 29 (Reuters) – TMX Group Ltd named Lou
Eccleston as its new chief executive officer, the Toronto Stock
Exchange operator said on Monday, after a lengthy global search
to replace retiring CEO Tom Kloet.
Eccleston left McGraw Hill Financial in July. He
had most recently been president of the company’s S&P Capital IQ
unit, a real-time data provider, and chairman of index unit S&P
Dow Jones Indices.
TORONTO (Reuters) – Canada’s broadcast regulator said on Monday it will ignore evidence from Internet-based video providers Netflix Inc and Google Inc when making new rules for television after the companies refused to hand over some data.
In a terse exchange at a regulatory hearing earlier this month, the Canadian Radio-television and Telecommunications Commission (CRTC) demanded Netflix provide details about its Canadian operations or risk losing its exemption from rules that govern domestic broadcast distributors.
TORONTO (Reuters) – BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz) (BBRY.O: Quote, Profile, Research, Stock Buzz) reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a 7 percent jump in its shares.
The Canadian company, a smartphone pioneer pushed to the margins by Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and devices running Google Inc’s (GOOGL.O: Quote, Profile, Research, Stock Buzz) Android software, is now focusing more on software and services than on hardware as it works through a drawn-out turnaround.
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.