CANADA STOCKS-TSX stays in the red as BoC holds rates, financials fall Reuters 1 hr ago
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June 9 (Reuters) - Canada s main stock index stayed in negative territory following a lower open on Wednesday after the Bank of Canada held its key lending rate steady, while heavyweight financial stocks declined. At 10:06 a.m. ET (1406 GMT), the Toronto Stock Exchange s S&P/TSX composite index was down 74.52 points, or 0.37%, at 19,991.4. The Bank of Canada left its key interest rate unchanged at 0.25%, as expected, and said it would maintain its current policy of quantitative easing. Eight of the index s 11 major sectors were trading lower, led by the financials sector, which slipped 0.8%.
Mississaugas of the Credit First Nation to get high speed broadband service
June 2, 2021
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The Mississaugas of the Credit First Nations (MCFN) have signed on with Rogers Communication to provide highspeed broadband services to their community. Chief Stacey Laforme says internet connections have been a challenge for his community. “It’s always been a challenge having internet connection out here, but we’ve really noticed it because the children rely on it to go to school,” he said. “The pandemic has really shown us the need for that connectivity.” He said the new partnership will allow the community to stay connected and use tools like Zoom both for personal and professional works. “It absolutely is [a necessity.] It’s essential not only for business, but we have arts and artists that need to connect and be involved in their business and they’re showcasing what they can do…
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The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public. Several other SPAC deals were announced throughout the week along with a couple rumors that could be worth a watch this week. Benzinga s SPACs Attack covered the deals and news of the week.
Here is a look back at the announced deals, rumors and some top headlines.
SPAC Deals
On Sunday, online sports betting and gaming company Super Group Holding, the owner of Betway and Spin, announced a SPAC deal with Sports Entertainment Acquisition Corp (NYSE: SEAH) valuing the company at $4.75 billion. Super Group is licensed in 23 jurisdictions with plans to use its scale and technology to expand into additional territories. In the 12-month period ending March 2021, Super Group had over $42 billion of wagers and 2.5 million monthly unique active customers.
Regulatory filing shows Bell was in running to buy Shaw before Rogers deal BCE reportedly walked away from a potential deal over fears it was assuming too much regulatory risk, paving the way for Rogers to clinch the $26-billion megadeal. April 26, 2021
The shakeup in Canada’s telecommunications sector could have been very different, according to a regulatory filing made Friday by Shaw Communications.
In the filing, Shaw says Bell Canada Enterprises (BCE) was in the running to acquire the Calgary-based company earlier this year, tabling a pair of offers before Rogers Communications’ $26-billion bid was accepted. What ultimately led BCE to walk away was that it felt the deal would expose it to too much regulatory risk, according to reports.
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