Next wireless spectrum auction to give advantage to new carriers
Industry Canada will set aside 60 per cent of the AWS-3 spectrum to be auctioned next spring for new entrants to the wireless market, Industry Minister James Moore said Thursday.Chevron puts Arctic drilling plans on hold indefinitely
Chevron Canada says it's put its Arctic drilling plan on hold indefinitely, in part due to ‘the level of economic uncertainty in the industry.’TSX up 56 points but oil heads back down to $54
New York stocks shot sharply higher on Thursday, but gains in Toronto were muted after oil turned downwards.Tax cuts for cross-border online shopping could pay off, report says
The benefits to cutting taxes for consumers who order goods from outside Canada outweigh the cost to government, the Conference Board of Canada argues in a report released last month.Château Montebello resort bought by Chinese real estate group
The Fairmont Le Château Montebello resort complex in west Quebec has been purchased by Evergrande, a major Chinese real estate group making its first investment in Canada.Switzerland flips to negative interest rates to scare off ruble investors
Switzerland made its main interest rate negative on Thursday, a rare occurrence designed to discourage investment by foreign money that has poured into the country in part to escape the plunging Russian ruble.