Business
House of Commons industry committee to discuss investigating Rogers outage – CP24 Toronto's Breaking News
The Canadian Press
Published Friday, July 15, 2022 6:01AM EDT
Last Updated Friday, July 15, 2022 6:01AM EDT
The House of Commons industry and technology committee is set to meet today to discuss launching an investigation into the Rogers Communications Inc. outage.
Last Friday’s outage lasted more than 15 hours, affecting mobile and internet users, knocking out ATMs, shutting down the Interac payments system and preventing calls to 911 services in some Canadian cities.
After calling the outage “unacceptable,” Industry Minister François-Philippe Champagne directed the country’s major telecom companies to reach agreements on emergency roaming, assisting each other during outages and a communication protocol to better inform Canadians during emergencies.
The telecommunications regulator, the Canadian Radio-television and Telecommunications Commission, is also investigating the Rogers outage.
Conservative MP and former industry critic Michelle Rempel Garner wrote to the committee last week requesting it hold an emergency meeting.
The NDP has also called for bringing Rogers, Interac and Champagne to committee.
This report by The Canadian Press was first published July 15, 2022.
Companies in this story: (TSX:RCI.B)
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BofA analyst Ebrahim Poonawala entitled a research report on Canadian banks.“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside.
“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside. In terms of fundamentals, an economy that is flirting with recession is likely to serve as a headwind to EPS growth and ROEs for banks while markets discount tail risk events stemming from higher for longer interest rates… A recurring theme during the day was expectations for increasing stress on unsecured lending and commercial, as borrowers begin to feel the impact from higher rates. Stagflation is the worst case scenario (=downside risks to our forecast), while our base case assumes that banks will muddle through what is likely to be an uncomfortable adjustment for the consumer to structurally higher interest rates … We forecast relatively anemic EPS growth 2.
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Novavax touts non-mRNA COVID vaccine, future of domestic production remains uncertain – Canada News – Castanet.net
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