The Daily Chase: Markets point to flat open; Globalive bids to acquire spectrum from Xplore Mobile
BNN Bloomberg
North American equity markets are at stall speed, failing to build on some late week momentum from last Friday.
GLOBALIVE BIDS FOR MANITOBA SPECTRUM
It seems Anthony Lacavera isn't intent on standing idly by in his efforts to rebuild his telecom holdings. Lacavera's Globalive is bidding to acquire spectrum from Xplore Mobile in Manitoba in an effort to build an independent wireless carrier, and says it's in discussions with Telus to expand its existing conditional network sharing agreement. You may recall that Globalive had put forward a US$3.75 billion offer for Shaw's Freedom Mobile division but was rebuffed in favour of Quebecor's US$2.85 billion offer for the asset (of course, contingent on approval of Rogers' US$20 billion takeover of Shaw itself.)
MORE M&A IN THE ENERGY PATCH
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
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