WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– The Canadian Revenue Agency (CRA) said it will not extend this year’s income tax deadline, currently set at May 1, despite a strike where 39,000 of its workers have walked off the job. CRA staff are part of the Public Service Alliance of Canada (PSAC) which has been on strike since April 19 over wages and work flexibility. The CRA acknowledged that its phone lines are either closed or working at reduced capacity, but penalties will still be assessed for late returns unless the person or business who filed can prove there were circumstances beyond their control preventing them from filing their returns on time.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– Rogers Communications Inc. made C$3.835 billion in revenue during the first quarter of 2023, according to its financial report released today. The figure represents a six per cent increase from the year before. Wireless service and media revenue went up during the quarter, but cable service revenue was down. Last month, Rogers’ takeover of Shaw Communications Inc. was approved by the federal government.
– The government of the United Kingdom nixed a proposed US$69 billion takeover of video game maker Activision Blizzard by Microsoft on Wednesday, claiming it would cause a significant loss of competition. Regulators in the United States and Europe are also scrutinizing the proposed deal, which would give Microsoft control of popular video game franchises including Call of Duty, World of Warcraft and Candy Crush. Both Activision Blizzard and Microsoft said they will appeal the ruling.
