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Manitoba government to hand out cheques to help with rising food, fuel costs - CBC.ca + MORE Jan 26th
Manitoba government to hand out cheques to help with rising food, fuel costs CBC.caManitoba premier announces second round of inflation cheques Global NewsManitoba premier to announce new round of cheques to combat rising cost of living CBC.caSecond round of Manitoba.... More »
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5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Manitoba Telecom Services says the federal government has rejected a deal for it to sell its business unit Allstream to Egyptian investment group Accelero Capital Holdings due to “unspecified national security concerns.”
Feds rejects Allstream sale to Egyptian group over ‘national security’: MTS
– canadianbusiness.com
WINNIPEG – Manitoba Telecom Services (TSX:MTS) says the federal government has rejected a deal for it to sell its business unit Allstream to Egyptian investment group Accelero Capital Holdings due to “unspecified national security concerns.”
The Winnipeg company said late Monday it is “extremely surprised and disappointed” by the decision to not approve the deal, which was announced last May. At the time, the company valued the sale at $520 million.
“MTS Allstream and Accelero continue to believe this transaction is to Canada’s net benefit and to the best of our knowledge would not be injurious to national security,” MTS said in a statement.
The company said it and Accelero, which is owned by Egyptian telecom magnate Naguib Sawiris, have offered to “take whatever actions are necessary” to address Industry Canada’s concerns, but have been rejected.
Sawiris is an original investor in small wireless company Wind Mobile, which operates in Canada…
The Winnipeg company said late Monday it is “extremely surprised and disappointed” by the decision to not approve the deal, which was announced last May. At the time, the company valued the sale at $520 million.
“MTS Allstream and Accelero continue to believe this transaction is to Canada’s net benefit and to the best of our knowledge would not be injurious to national security,” MTS said in a statement.
The company said it and Accelero, which is owned by Egyptian telecom magnate Naguib Sawiris, have offered to “take whatever actions are necessary” to address Industry Canada’s concerns, but have been rejected.
Sawiris is an original investor in small wireless company Wind Mobile, which operates in Canada…
Senate Democrats to try passing debt ceiling increase, challenging GOP
– canadianbusiness.com
WASHINGTON – Democrats controlling the Senate are planning to try to pass a stand-alone measure to increase the government’s borrowing cap, challenging Republicans to a filibuster showdown that could unnerve financial markets as the deadline to a first-ever default on U.S. obligations draws closer.
A spokesman said Senate Majority Leader Harry Reid could unveil the measure as early as Tuesday, setting the table for a test vote later in the week. The measure is expected to provide enough borrowing room to last beyond next year’s election, which means it likely will permit $1 trillion or more in new borrowing above the current $16.7 trillion debt ceiling that the administration says will be hit on Oct. 17.
The development came as a partial shutdown of the government enters its second week with no end in sight.
It’s not clear whether Reid’s gambit will work. Republicans are expected to oppose the measure if it doesn’t contain budget cuts to make a dent in deficits…
A spokesman said Senate Majority Leader Harry Reid could unveil the measure as early as Tuesday, setting the table for a test vote later in the week. The measure is expected to provide enough borrowing room to last beyond next year’s election, which means it likely will permit $1 trillion or more in new borrowing above the current $16.7 trillion debt ceiling that the administration says will be hit on Oct. 17.
The development came as a partial shutdown of the government enters its second week with no end in sight.
It’s not clear whether Reid’s gambit will work. Republicans are expected to oppose the measure if it doesn’t contain budget cuts to make a dent in deficits…
