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.

Just Posted

Red Deer to get new plan to end homelessness as problem persists

Despite some successes there’s ‘a long way to go,’ says manager

Canada ranks 16th on World Economic Forum’s annual gender gap list

TORONTO — Canada has landed the 16th spot in the World Economic… Continue reading

Steel, aluminum tariffs impacting one-third of Canadian exporters: poll

OTTAWA — More than one-third of Canadian exporters say they have been… Continue reading

Canada has fifth biggest AI workforce, but still lacks diversity: study

TORONTO — Canada has the globe’s fifth largest artificial intelligence workforce, but… Continue reading

Air passenger rights: Six things about what the Liberals are offering in draft rules

OTTAWA — The Liberals will publish the draft text of their long-promised… Continue reading

Chabot scores overtime winner to lift Senators over Predators 4-3

OTTAWA — Thomas Chabot saw an opening and he took it. And… Continue reading

Canadian Marielle Thompson earns World Cup ski cross bronze in season opener

AROSA, Switzerland — Canada’s Marielle Thompson captured bronze at the opening World… Continue reading

Canada doesn’t make Oscars short list for best foreign language film

LOS ANGELES — Canada is no longer in the running for best… Continue reading

Warrant issued for arrest of ‘Schwimmer lookalike’ suspect

LONDON — A British judge has issued an arrest warrant for an… Continue reading

Moneywise: Canadian workers unhappy with pay, want pension plans

Many working Canadians are feeling underpaid and are so worried about their… Continue reading

Brazil police say faith healer has turned himself in

RIO DE JANEIRO — A celebrity faith healer accused of sexually abusing… Continue reading

B.C. hockey coach creates ‘gear library’ to remove cost barrier of sport

VANCOUVER — Nicola Froese says she has always loved playing sports, but… Continue reading

Canada’s Kim McRae finishes seventh at luge World Cup in Lake Placid, N.Y.

LAKE PLACID, N.Y. — Canada’s Kim McRae finished in seventh place at… Continue reading

Most Read