Money

Darren Entwistle, president and chief executive officer of Telus Corporation gestures at the company's annual general meeting in Montreal, May 9, 2013. REUTERS/Christinne Muschi

Telus to buy Mobilicity for $380M

Telus Corp, one of Canada’s biggest wireless telephone companies, on Thursday said it will pay $380 million to acquire debt-laden Mobilicity, in a likely test of government efforts to open up a tight market to smaller players.

REUTERS/Stephen Lam/Files

Google launches streaming music service

Google Inc launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 US a month, challenging smaller companies like Pandora and Spotify in the market for streaming music.

BlackBerry Q5. (HO)

BlackBerry unveils the Q5

BlackBerry announced plans on Tuesday to offer its popular instant messaging system on rival devices and introduced a new mid-tier smartphone targeted at countries where its faded brand remains strong.

Quebecor CEO Pierre Karl Peladeau. (SIMON CLARK/QMI Agency)

Quebecor profit halves

Canadian media and telecommunications conglomerate Quebecor Inc’s first-quarter profit halved due to higher costs, a sharp drop in media revenue and lower gains on financial instruments.

Gasoline drips off a nozzle during refuelling at a gas station in Altadena, Calif., in this March 24, 2012 file photo. A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could worry the U.S. Federal Reserve. REUTERS/Mario Anzuoni/Files

April inflation well under forecast

Cheaper gasoline and cars helped Canada’s annual inflation rate fall dramatically in April to 0.4% from 1% in March, below expectations and well outside the Bank of Canada’s target range of 1-3%. It was the lowest since 0.1% in October 2009.