TORONTO (Reuters) – Anthony Lacavera, the entrepreneur behind the launch of Wind Mobile, said on Tuesday his group is interested in buying Mobilicity after the Canadian government effectively blocked Telus Corp’s (T.TO: Quote, Profile, Research, Stock Buzz) bid for the small wireless company.
The possible combination of the two small wireless carriers would compliment Ottawa’s push to boost competition in the telecommunications sector after the federal government on Tuesday, for the time being, effectively blocked large established providers from buying airwaves from struggling new players.
The regulatory heads of Canadian telcos (well, Bellus, at least) wear colourful socks. #cts13 #analysis
TORONTO, May 31 (Reuters) – The Canadian dollar ended weaker
against the U.S. dollar on Friday, as supportive data showing
the Canadian economy grew at a faster-than-expected pace in the
first quarter was more than offest by upbeat U.S. data that
boosted the greenback.
The loonie, as Canada’s currency is colloquially known,
closed at C$1.0368 to the greenback, or 96.45 U.S.
cents, much lower that the C$1.0300 level at Thursday’s North
TORONTO, May 31 (Reuters) – The Canadian dollar erased
losses against the U.S. dollar early on Friday after data showed
the country’s economy grew at a faster-than-expected pace in the
Stronger exports helped rouse the Canadian economy from its
sluggish end to 2012, with annualized economic growth of 2.5
percent exceeding the median projection of analysts in a Reuters
poll and easily beating the central bank’s lowered forecast.
TORONTO, May 30 (Reuters) – Rogers Communications Inc
and Quebecor Inc’s Videotron wireless arm
plan to build and operate a shared high-speed wireless network
in and around Québec, a cost-saving arrangement that is expected
to stoke competition in the French-speaking Canadian province.
Rogers, the nation’s largest wireless provider, now spends
far more on its network than its main rivals, Telus Corp
and BCE Inc’s Bell unit, do on their shared network.
OTTAWA/TORONTO (Reuters) – Canada is pushing ahead with plans to create a new but watered-down version of a national securities regulator as its campaign to create a more powerful watchdog like the U.S. Securities and Exchange Commission appears to be headed toward failure.
The Conservative government’s new plan would bypass the country’s powerful provinces and focus on detecting market risk, sources familiar with the process told Reuters. This alternative, however, is unlikely to impress investors and the financial industry given its limited powers and the potential for duplication and more bureaucracy, industry officials say.