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.
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.