The wireless spectrum auction being held by Industry Canada to sell off 300 spectrum licenses has closed, with 40% of the spectrum licenses being set aside for new competitors in the wireless industry and $4.25 billion in revenue going to the Feds. The Financial Post speculates that competition will increase and prices will decrease, and also notes that: “It is widely assumed that all new entrants will lease bandwidth space on Rogers’ networks.” Ever the fair-minded conglomerate, Rogers will be leasing bandwidth space to their new competitors for the bargain price of 75 GAJILLION DOLLARS.
The CBC is reporting that a price-fixing scheme amongst a few individual gas retailers in Quebec may have been more widespread than originally thought. C’mon, though, how widespread could price-fixing amongst gas retailers possibly be? Let’s just all be thankful that such shenanigans only happen in Quebec.
The residents of the explosion-ravaged building at Main and Danforth won’t be able to return home for at least a month. Good thing the Feds just earned $4.25 billion on that wireless spectrum deal—now they can easily afford to put up the temporarily-homeless tenants for a few weeks. We suggest some place nice. The Four Seasons, maybe?
The Heart and Stroke Foundation of Canada is advising the federal government to monitor and regulate the amounts of trans-fats that appear in popular foods such as doughnuts and margarine. A worthy goal, and the Heart and Stroke Foundation has already achieved a partial victory because, honestly, didn’t everyone stop eating margarine in 1990?
Four alleged “gaming houses” were raided by police over the weekend, where 47 people were caught, including two minors. The last person arrested was a suave, tuxedo-clad gentleman at the baccarat table, who claimed he wasn’t really gambling at all but rather looking for the microfilm containing plans for a secret nuclear device being built by Ernst Stavro Blofeld.
Photo by bunchofpants.