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Morning Update: Rogers takeover of Shaw set to go ahead with Industry Minister’s approval of Freedom Mobile deal

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Federal Industry Minister François-Philippe Champagne is expected to approve the transfer of Shaw’s wireless licences to Quebecor’s Videotron with a number of conditions attached

ahead of a U.S. inflation update that traders hope might prompt the Federal Reserve to ease plans for more interest rate hikes. Just before 6 a.m. ET, Britain’s FTSE 100 was up 0.21 per cent. Germany’s DAX and France’s CAC 40 rose 0.33 per cent and 0.45 per cent, respectively. In Asia, Japan’s Nikkei finished up 0.93 per cent. Hong Kong’s Hang Seng added 0.45 per cent. New York futures were modestly positive. The Canadian dollar was lower at 73.79 US cents.

“Their decision to enter Mexico had been made with great trepidation, since they knew of the many risks involved. But they saw no other good option: They had tried to apply for asylum in a safe country, but across Central America they had found either rejection or processes that would drag out for at least a year while waiting in countries that didn’t want them.” -“Almost anywhere else, pension reform would not be this controversial.

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No doubt it will go ahead.

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Industry Minister Champagne to rule on Rogers-Shaw takeover FridayOttawa’s approval would allow the transfer of Shaw’s wireless licences to Quebecor’s Videotron Government has abdicated their responsibilities They paid him off, no doubt. Unfortunately for Rogers, they’re still stuck operating in Canada.
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