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Bell asks CRTC to drop local news requirements

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TORONTO –

BCE Inc.’s media arm is asking the federal telecommunications regulator to waive local news and Canadian programming requirements for its television stations, saying its obligations are based on outdated market realities.

In an application to the CRTC filed June 14, Bell Media requested the regulator drop requirements for spending on local news and on the number of hours per week that stations are required to broadcast locally reflecting news in major and smaller markets.

The application was filed the same day Bell announced it was cutting 1,300 positions, shutting or selling nine radio stations and closing two foreign

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What interest rate hike means for mortgage holders, home hunters – Business News

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The Bank of Canada hiked its key interest rate Wednesday by a quarter percentage point, bringing the rate to 4.75 per cent — the highest it’s been since April 2001.

The hike was aimed at quelling inflation, which proved stubborn, not moving down quickly enough towards the central bank’s target of two per cent.

However, the hike is also bound to weigh on those hunting for homes or holding mortgages.

What does the interest rate have to do with my mortgage?

Mortgage rates tend to move in tandem

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Musk says owning Twitter ‘painful’ but needs to be done – Business News

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Billionaire Elon Musk has told the BBC that running Twitter has been “quite painful” but that the social media company is now roughly breaking even after he acquired it late last year.

In an interview also streamed live late Tuesday on Twitter Spaces, Musk discussed his ownership of the online platform, including layoffs, misinformation and his work style.

“It’s not been boring. It’s quite a rollercoaster,” he told the UK broadcaster at Twitter’s San Francisco headquarters.

It was a rare chance for a mainstream news outlet to interview Musk, who also owns Tesla and SpaceX. After

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