Big Bill for Ottawa After Bad Call on Wireless Deal
Also: A high-profile new hire at CIBC
The federal government blocked Mobilicity from selling to Telus more than a decade ago, which led to a recent court ruling in favor of the startup wireless carrier’s original investors.
Photographer: Taehoon Kim/BloombergWelcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.
I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about why a judge ruled that the federal government owes Mobilicity’s original investors hundreds of millions of dollars, job cuts at Scotiabank and CIBC’s latest executive promotions. Plus: shut your (lobster) trap.