Advertisement
Canada markets open in 53 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7327
    +0.0004 (+0.05%)
     
  • CRUDE OIL

    84.25
    +0.68 (+0.81%)
     
  • Bitcoin CAD

    87,872.15
    +521.48 (+0.60%)
     
  • CMC Crypto 200

    1,388.98
    -7.56 (-0.54%)
     
  • GOLD FUTURES

    2,355.60
    +13.10 (+0.56%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.6820
    -0.0240 (-0.51%)
     
  • NASDAQ futures

    17,718.75
    +151.25 (+0.86%)
     
  • VOLATILITY

    15.64
    +0.27 (+1.76%)
     
  • FTSE

    8,117.17
    +38.31 (+0.47%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Canada says wireless spectrum auction to go ahead as planned

OTTAWA (Reuters) - Canada will go ahead with a planned auction of wireless spectrum despite Verizon Communications Inc's lack of interest in entering the Canadian market, a government official said on Tuesday. Firms wishing to take part in the January 2014 auction have to register their interest by September 17. The government wants a strong fourth player in every part of the Canadian telecommunications market and at one stage it appeared Verizon might be a candidate. The firm made clear on Monday it would stay out of Canada for now. Asked whether the government might therefore push back the auction timetable, a spokeswoman for Industry Minister James Moore said: "We are moving forward with the spectrum auction as planned." (Reporting by David Ljunggren; Editing by James Dalgleish)