Shaw Communications Inc. (SJR)
After hours:
- Reuters
CANADA STOCKS-TSX closes above 20,000 for first time in two months
Canada's main stock index rose on Friday, extending the week's gains, as investors cheered signs of easing inflation pressures and two major telecom companies made headway with their merger deal. The Toronto Stock Exchange's S&P/TSX composite index ended up 187.93 points, or 0.9%, at 20,179.81, closing above the 20,000 threshold for the first time since June 10. "It looks like inflation pressures are ebbing a little bit," said Elvis Picardo, portfolio manager at Luft Financial, iA Private Wealth.
- Benzinga
Rogers, Shaw To Sell Freedom Mobile To This Quebecor Subsidiary For Undisclosed Terms
Rogers Communication, Inc (NYSE: RCI) and Shaw Communications Inc (NYSE: SJR) agreed to the sale of Freedom Mobile Inc to Quebecor Inc (OTC: QBCRF) subsidiary Videotron Ltd. The financial terms of the transaction remain undisclosed. The transaction holds the potential to create a strong fourth national wireless services provider. It addresses the concerns raised by the Commissioner of Competition and the Minister of Innovation, Science, and Industry regarding the Rogers-Shaw Transaction. With th
- Reuters
CANADA STOCKS-TSX rises on telecoms deal hope; inverted yield curve draws caution
Canada's main stock index rose on Friday as the country's two main telecoms firms made headway with their merger deal, but gains were capped on worries over "soft landing" challenges for the economy. At 10:26 a.m. ET (1426 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 89.76 points, or 0.45%, at 20,081.64. Rogers Communications Inc and Shaw Communications Inc finalised an agreement to sell Freedom Mobile to Videotron, a unit of Quebecor Inc, in a C$2.85 billion ($2.23 billion) deal.
