Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Canada's competition watchdog says the tax revenue implications of Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc. will not necessarily benefit consumers.
During cross-examination of economics expert and witness Roger Ware, counsel for the Competition Bureau tried to make the case that if there are job losses resulting from the deal, there would ultimately be a reduction in tax revenue, noting the possibility of job cuts that is typical of mergers.
The Competition Bureau said anyone out of a job would likely spend less, which would be a cost to the government in the form of a loss in tax revenue.
Ware's argument is that the tax revenue that would accrue from any increase in the profits of Rogers and Shaw stemming from the merger would be income for the government and all Canadians.
Ware also said competition analysis assumes that freed resources, as a result of a merger, will be employed elsewhere in the economy.
The hearing before the Competition Tribunal is expected to last until mid-December and aims to resolve the impasse between the Commissioner of Competition, who wants to block the deal, and Rogers and Shaw.
The Competition Bureau is one of three regulatory agencies that must approve the deal, in addition to the CRTC and Innovation, Science and Economic Development Canada.
Rogers wants to close the Shaw deal by the end of the year, with a possible further extension to Jan. 31, 2023.
This report by The Canadian Press was first published Nov. 30, 2022.
CTV News is a division of Bell Media, which is part of BCE Inc.
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
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It started small with a little pop tab collection to simply raise some money for charity and help someone — but it didn’t take long for word to get out that 10-year-old Jace Weber from Mildmay, Ont. was quickly building up a large supply of aluminum pop tabs.
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