Bank of Canada expected to end year with one more rate increase, likely to pause hikes soon

Bank of Canada expected to end year with one more rate increase, likely to pause hikes soon

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point … Read more

Allied Properties REIT explores selling assets worth $1.3-billion to ease debt woes after interest rates soar

Allied Properties REIT explores selling assets worth .3-billion to ease debt woes after interest rates soar

Michael Emory, CEO of Allied Properties REIT, stands in the lobby of offices on Adelaide in Toronto.Ashley Hutcheson/The Globe and Mail Office property owner Allied Properties REIT AP-UN-T is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of … Read more

Quebecor did not want Shaw Mobile’s ‘heavily subsidized’ customers in deal to acquire Freedom Mobile

Quebecor did not want Shaw Mobile’s ‘heavily subsidized’ customers in deal to acquire Freedom Mobile

Quebecor Inc. QBR-BT did not want Shaw Mobile’s customers included as part of its $2.85-billion deal to acquire Shaw Communications Inc.’s SJR-BT wireless assets because they did not fit the company’s business model, an executive for Quebecor’s Videotron Ltd . subsidiary told the Competition Tribunal. Earlier this year, Rogers Communications Inc. RCI-BT and Shaw agreed … Read more

What happens when the Competition Bureau, Rogers and Shaw meet in merger court

What happens when the Competition Bureau, Rogers and Shaw meet in merger court

Widespread public interest may have increased the urgency of the Rogers-Shaw case.Tijana Martin/The Canadian Press In less than a week, Canada’s anti-competitive watchdog will face off against two telecom giants in the biggest case ever heard by the Competition Tribunal. And the independent agency is fighting its case in an arena where it has never … Read more

Competition Bureau wants full block of Rogers-Shaw deal

Competition Bureau wants full block of Rogers-Shaw deal

The Competition Bureau is attempting to block the merger of Canada’s two largest cable companies, arguing that the deal would reduce competition and result in higher cellphone bills, poorer service and less choice for consumers.DADO RUVIC/Reuters The Competition Bureau says it will only accept a full block of Rogers Communications Inc.’s RCI-BT acquisition of Shaw … Read more

CSE, Rogers Communications & Sportsnet Announce Partnership Extension

CSE, Rogers Communications & Sportsnet Announce Partnership Extension

October 31, Vancouver, BC – Canucks Sports & Entertainment (CSE), Rogers Communications and Sportsnet today announced a new agreement that will see the long-time partners continue to collaborate across media and sponsorship to serve the Vancouver community through the 2032-33 season. With this renewed partnership, Rogers Communications will maintain the naming rights of Rogers Arena, … Read more

Rogers, Shaw, Quebecor say mediation talks with Canada’s competition watchdog failed to resolve merger objections

Rogers, Shaw, Quebecor say mediation talks with Canada’s competition watchdog failed to resolve merger objections

A woman holds two cellphones in this photo illustration, Monday March 29, 2021 in Chelsea, Que. THE CANADIAN PRESS/Adrian WyldAdrian Wyld/The Canadian Press The proposed $26-billion merger between Rogers Communications Inc. and Shaw Communications Inc. is headed for a lengthy tribunal hearing, after mediation talks failed to resolve the Competition Bureau’s objections to the deal. … Read more

Ottawa attaches conditions to Quebecor’s acquisition of Freedom Mobile as part of Rogers-Shaw merger

Ottawa attaches conditions to Quebecor’s acquisition of Freedom Mobile as part of Rogers-Shaw merger

Industry Minister François-Philippe Champagne laid out strict conditions under which he would allow Quebecor Inc. QBR-A-T to acquire Shaw Communications Inc.’s SJR-BT wireless business, a transaction that could help clear the way for Shaw’s proposed $26- billion merger with Rogers Communications Inc. RCI-BT. He made his comments days before Rogers and Shaw were set to … Read more

A year into his tenure, Rogers CEO Tony Staffieri searches for answers in unlikely places

A year into his tenure, Rogers CEO Tony Staffieri searches for answers in unlikely places

Tony Staffieri, CEO of Rogers, visits the flagship store in Toronto on Oct. 21.Shay Conroy/The Globe and Mail The vaunted corporate boardroom isn’t where the action is any more, at least not for Tony Staffieri. Anyone trying to find Rogers Communications Inc.’s chief executive officer these days is better off looking in unlikely places: a … Read more

Why can we still not use our cellphones on the TTC?

Why can we still not use our cellphones on the TTC?

Toronto subway commuters know all too well where they have to fire off that urgent work email — whether it’s Rosedale or Keele stations, or that brief stretch between Castle Frank and Broadview — before the TTC dives underground again, cutting off all connection to the outside world . Other major cities around the globe … Read more