Correspondent, Toronto, Canada
Alastair's Feed
Aug 5, 2014
Aug 1, 2014

Canada auto sales hit July record; Chrysler, Ford gain on trucks

TORONTO, Aug 1 (Reuters) – Auto sales in Canada in July rose
to a record high for the month, up 11.3 percent from a year
earlier, an industry analyst said on Friday, with strong truck
sales pushing both Chrysler and Ford Motor Co to
record performances.

Overall, automakers sold 176,995 vehicles in July, Dennis
DesRosiers of DesRosiers Automotive Consultants, said in a
report. Meanwhile, Scotiabank analyst Carlos Gomes wrote in a
note that sales are set to hit a record of 1.77 million vehicles
this year.

Aug 1, 2014

Analysis – Canada’s telcos burst into banking, healthcare in hunt for growth

TORONTO August 1 (Reuters) – Canada’s three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases.

BCE Inc (BCE.TO: Quote, Profile, Research), Rogers Communications Inc (RCIb.TO: Quote, Profile, Research) and Telus Corp (T.TO: Quote, Profile, Research) dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada’s telecom giants are pushing into uncharted businesses.

Aug 1, 2014

Canada’s telcos burst into banking, healthcare in hunt for growth

TORONTO August 1 (Reuters) – Canada’s three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases.

BCE Inc (BCE.TO: Quote, Profile, Research, Stock Buzz), Rogers Communications Inc (RCIb.TO: Quote, Profile, Research, Stock Buzz) and Telus Corp (T.TO: Quote, Profile, Research, Stock Buzz) dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada’s telecom giants are pushing into uncharted businesses.

Jul 31, 2014

Hacking attack in Canada bears signs of Chinese army unit-expert

OTTAWA/TORONTO, July 31 (Reuters) – The recent hacking
attempt on a sensitive Canadian government computer network is
similar to attacks mounted by an elite unit of the Chinese army
based in Shanghai, according to a cybersecurity expert.

Canada said on Tuesday “a highly sophisticated Chinese
state-sponsored actor” had broken into the National Research
Council, a leading research body that works with major companies
such as aircraft and train maker Bombardier Inc.
Beijing on Thursday accused Canada of making irresponsible
accusations that lacked credible evidence.

Jul 31, 2014

Rogers Communications rapped for unfair roaming deals

TORONTO, July 31 (Reuters) – Canada’s largest wireless
company, Rogers Communications Inc, used exclusivity
clauses and high rates in the roaming agreements it signed with
new wireless entrants to unfairly discriminate against them, the
country’s telecom regulator said on Thursday.

The Canadian Radio-television and Telecommunications
Commission (CRTC) said it would prohibit such provisions, and
that a new law has already forced rates to come down.

Jul 31, 2014

Canada’s Shaw Communications to buy data center company ViaWest

TORONTO (Reuters) – Canadian media and cable company Shaw Communications Inc said it would buy data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis.

Shaw said the acquisition would help accelerate the development of its Canadian data center platform.

Jul 31, 2014

Canada’s Quebecor loss narrows; wireless arm weak

TORONTO, July 31 (Reuters) – Regional Canadian telecom and
media conglomerate Quebecor Inc posted a much smaller
second-quarter net loss on flat revenue on Thursday, as
cost-cutting in its media unit offset weakness in its wireless
and cable arm.

Quebecor Media, in which the company holds a 75 percent
stake, took a C$190 million charge due to a transition to
digital and challenging market conditions in the newspaper
industry.

Jul 30, 2014
Jul 29, 2014
    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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