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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.
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Try refreshing your browser, or TSX stays in the red as BoC holds rates, financials fall Back to video 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.
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%.
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Canada’s telecommunications regulator issued a landmark decision Thursday aimed at spurring competition in the wireless market, but some industry watchers say the changes will leave incumbents largely unaffected.
In a long-awaited ruling, the Canadian Radio-television and Telecommunications Commission stated it will mandate Canada’s Big Three wireless companies, plus SaskTel, to give regional wireless providers that invest in spectrum and infrastructure wholesale access to their networks for seven years.
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Try refreshing your browser, or CRTC takes smallest possible step towards opening up wireless market to competition, say small players Back to video
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