TORONTO (Reuters) – Canada’s telecommunications regulator should ease restrictions on domestic television providers because of the competitive threat they face from online services like Netflix Inc, Quebecor Inc Chief Executive Pierre Dion told a hearing on Tuesday
Left unregulated, he said Netflix will become the largest distributor of video content in Canada, leaving domestic broadcasters struggling to compete.
TORONTO (Reuters) – Everyone involved in the making of “St. Vincent” wants to talk about Bill Murray, who plays the grumpy and flawed namesake of director Ted Melfi’s first film, but the quirky comedian has lived up to a reputation of being incredibly hard to pin down.
The star of “Stripes,” and “Groundhog Day,” has been omnipresent at this year’s Toronto International Film Festival: he took fan questions after a 30th anniversary screening of “Ghostbusters” on Friday, hammed it up at the premiere of his new film later, and was spotted cycling around the city and on a late-night dance floor in random photos by onlookers.
TORONTO (Reuters) – If there was ever a good reason to skip school, it might just be “Bill Murray Day.”
The Toronto International Film Festival declared Friday “Bill Murray Day,” and called on fans of the quirky comedic actor to dress up as his beloved characters in a costume contest to see screenings of films “Stripes,” “Groundhog Day” and “Ghostbusters.”
TORONTO (Reuters) – Quadrangle Group, a private equity backer of Mobilicity, said it had sued the Canadian government for C$1.2 billion ($1.1 billion), accusing it of reneging on pledges to help the small wireless provider compete against the country’s biggest phone companies.
New York-based Quadrangle filed a statement of claim in the Ontario Superior Court of Justice against Industry Canada on Friday, claiming negligence, misrepresentation, breach of contract and abuse of public office.
TORONTO (Reuters) – Former Sino-Forest Corp [SCLC.UL] executives wilfully defrauded investors using elaborate schemes that artificially inflated the collapsed forestry company’s valuation, prosecutors with Canada’s biggest securities watchdog said on Tuesday.
At the opening of an Ontario Securities Commission (OSC)hearing, prosecutor Hugh Craig said he would show the executives allowed weak internal controls, back-dated documents, and secretly controlled companies to which Sino-Forest bought and sold assets.