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CRTCBbroadband Internet Ruling Still Leaves Room for High Prices

The Canadian telecom regulator’s declaration Wednesday that high-speed Internet is a basic service entitlement like a home phone continues to draw applause, but some observers say the underling problem remains — Canadians still pay some of the highest Internet prices in the developed world. “This does not address affordability; it addresses access,” Stuart Jack, head of the telecom practice at …

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Recreational Marijuana Ruling Creates Foggy Space for Artisanal Products

It’s Sunday afternoon and Toronto’s Centre for Social Innovation is packed full of marijuana enthusiasts perusing tables of goods. Everything from marijuana-infused barbecue sauce to medicated body rubs is available at Green Market, where artisans peddle their various craft cannabis products. Such events, which sell to patients and casual users alike, operate within a foggy regulatory environment. Selling marijuana is …

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Why You Might Not be Able to Buy Whipped Cream this Christmas

If you were planning to serve whipped cream with your holiday desserts this year, you might want to acquaint yourself with the homemade kind. Thanks to a North American shortage of nitrous oxide, a critical ingredient in aerosol whipped creams, some major manufacturers have announced that they won’t be able to keep up with holiday demand. Among the companies that …

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Retailers to End on-call Scheduling

An estimated 50,000 workers nationwide for Disney, Aeropostale and four other U.S. retailers are expected to get an early holiday present from their employers — new agreements to end on-call work shift scheduling. A coalition of state attorneys general said Tuesday that Carter’s, David’s Tea, PacSun and Zumiez also have said they will stop the practice, which typically requires employees …

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Tek Savvy Customers Get Early Christmas Courtesy of the CRTC

Score one for the little guys. Internet users who get their connection through service provider TekSavvy got an early Christmas present this week. The company began sending emails to its customers on Monday telling them their internet charges will be going down starting in January. “Usually when you get an email from a company it’s some sort of spammy holiday …

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Australia’s Annual Budget Deficits Worsen by $7.5 Billion U.S.

CANBERRA, AUSTRALIA—Australia’s projected budget deficits for the next four years have increased by 10.3 billion Australian dollars (US$7.5 billion) to AU$94.9 billion as the economy continues to slow following a China-driven mining boom, the government’s latest forecasts showed Monday. The budget would return to surplus in 2020-21, despite falling revenue and a slowing economy, Treasurer Scott Morrison said. “On the …

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Fairfax Agrees to Buy Allied World For $4.9B

Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion (U.S.) in cash and stock in chief executive officer Prem Watsa’s biggest purchase. Fairfax will pay $54 per share, which is 18 per cent higher than Allied’s closing price on Friday. For every share, Allied investors will receive about $10 …

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Apple, Ireland Fight EU’s $13.6 Billion Tax Bill

Apple Inc. has set up a court battle with European Union competition watchdogs who ordered Ireland to claw back a record 13 billion euro ($13.6 billion U.S.) in unpaid taxes from the iPhone maker. The U.S. tech giant said Monday it formally appealed the EU’s August decision to the EU’s General Court in Luxembourg, as the European Commission and Ireland …

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Mitel to Sell Mobile Division Less Than Two Years Into the Business

OTTAWA—Mitel Networks Corp. says it will sell its mobile division less than two years after it acquired the business. The Ottawa-based company announced Monday it will receive $468 million cash, a $46-million promissory note and an equity interest in Sierra Private Investments, a limited partnership that will own the business and Xura, a digital communications services firm. Mitel said it …

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Snapchat Takes hands-off Approach with Stars and Influencers

SAN FRANCISCO—Musician Jay Sean has visited the headquarters of YouTube, Facebook and Twitter. Instagram has reached out to tutor him on the best time to post photos for maximum impact. But there is one social media service Sean has not heard from, even though he frequently uses the app to post spontaneous snippets of his life: Snapchat. “When it comes …

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