Category: Quebec, Canada

CRTC hearing to tackle costly and hard-to-control cellphone charges

The current wireless code didn’t help cellphone customer Rosemary Pick, who got dinged for about $1,700 in data overage charges when her son approved exceeding the cap without her knowledge. Sophia Harris has worked as a CBC video journalist across the country, covering everything from the start of the annual lobster fishery in Yarmouth, N.S., to potash prices in Saskatchewan.

Internal document raises possibility of ‘Netflix tax’

A briefing note for MA lanie Joly, minister of Canadian Heritage, weighs the pros and cons of enforcing a sales tax on the digital services of foreign companies such as Netflix. The Liberal government is reviewing whether to enforce a so-called Netflix tax on the digital services Canadians buy from foreign-based firms over the internet.

DIARY-Top Economic Events to Feb. 22

Canadian Finance Minister Bill Morneau will meet with Canada’s leading private sector economists to gather their views on the Canadian and world economies – 1500 GMT. WASHINGTON – Federal Reserve Board Chair Janet Yellen will host a townhall meeting with educators from across the Country United States – 0000 GMT.

Valeant Sells $2.1 Billion in Assets to Ease Debt Burden

Valeant Pharmaceuticals International Inc. agreed to sell about $2.1 billion in assets in two deals, an important first step in the struggling drugmaker’s endeavor to get cash and begin easing its debt burden. L’Oreal SA, the Paris-based cosmetic giant, will pay Valeant $1.3 billion for three skin-care brands, according to a statement Tuesday.

Valeant to Sell $2.1 Billion in Assets to Pay Down Debt

Valeant Pharmaceuticals International Inc. agreed to sell about $2.1 billion in assets as the embattled Canadian drugmaker seeks to streamline its businesses and ease its debt burden. L’Oreal SA will pay Valeant $1.3 billion for three skincare brands, the Paris-based company Tuesday said in a statement.