Take Stock – August 6

Telecommunications services generated $40.3 billion in revenue last year, up $2.1 billion or 5.5 per cent, from the prior year, according to an annual industry report issued Wednesday.

Internet, wireless services key to Telecom industry

Telecommunications services generated $40.3 billion in revenue last year, up $2.1 billion or 5.5 per cent, from the prior year, according to an annual industry report issued Wednesday. The increased telecom revenue was mainly attributable to growth in Internet and wireless services, with revenue from residential phone service rising a marginal 0.5 per cent, according to the CRTC report. Canadian Radio-television and Telecommunications Commission’s second annual “Communications Monitoring Report” said Canada’s telecom and broadcast industries generated a total of $54 billion in revenue in 2008.

That’s up six per cent from $51.3 billion in 2007.

Combined revenues from television, radio, cable and home satellite services in the broadcast industry were up $900 million, or 7.3 per cent, and totalled $14 billion for the twelve-month period that ended on Aug. 31, 2008. Radio broadcasters accounted for 11 per cent of the $14 billion, television accounted for 39 per cent and 50 per cent from cable and direct-to-home satellite companies that distribute programming to home.


Net fund redemptions between $1.4B and $1.9B in July

Net redemptions of mutual funds for July were estimated to be between $1.4 billion and $1.9 billion, according to the Investment Funds Institute of Canada. IFIC estimated Wednesday net assets of the mutual fund industry for the month of July will be between $554.4 billion and $559.4 billion, up 1.9 per cent from June’s total of $547.1 billion. “Last month we saw the continuation of the trend we have seen since April — the movement of assets out of money market funds and into long-term funds accompanied by strong growth in assets under management overall,” IFIC’s Pat Dunwoody said in a statement.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

3 active COVID-19 cases remain in Red Deer

47 new cases Tuesday in Alberta, still 620 active cases

Severe thunderstorm watch in place for Red Deer

Environment Canada issued the watch Tuesday afternoon.

Red Deer RCMP seek public assistance after hit and run with pedestrian

A hit-and-run collision sent a pedestrian to hospital Monday evening in Red… Continue reading

COVID-19 milestones recounted in Red Deer museum display

Citizens have been adapting to the ‘new normal’ in innovative ways

Central Alberta artist depicts those lazy, hazy (virus-free) days of summer at Sylvan Lake

David More’s Shore Figures exhibit is showing at the Red Deer museum

QUIZ: A celebration of dogs

These are the dog days of summer. How much do you know about dogs?

IIHF encouraged by NHL’s potential return to Olympics in ‘22

IIHF encouraged by NHL’s potential return to Olympics in ‘22

Raptors coach Nick Nurse knows attention to family will be key for players

Raptors coach Nick Nurse knows attention to family will be key for players

NFL, NFLPA still haven’t resolved all protocol for camps

NFL, NFLPA still haven’t resolved all protocol for camps

More positive tests, cancelled workouts add to MLB unease

More positive tests, cancelled workouts add to MLB unease

MLS to resume season minus 1 team amid growing virus concern

MLS to resume season minus 1 team amid growing virus concern

US government launches campaign to reduce high suicide rates

US government launches campaign to reduce high suicide rates

In risky bid, Trump stokes racial rancour to motivate voters

In risky bid, Trump stokes racial rancour to motivate voters

Serbs storm parliament after virus lockdown announced

Serbs storm parliament after virus lockdown announced

Most Read