CRTC takes action to help bring high-speed Internet to 18 communities across Canada Français
In 2019, the CRTC launched the Broadband Fund to help connect rural, remote, and Indigenous communities across Canada. To date, the fund has improved high-speed Internet and cellphone services in over 290 communities, connecting essential institutions such as schools, health care facilities, and community centres.
Through its Broadband Fund, the CRTC is committing over $17 million to Minto Communications Society, County of Forty Mile No. 8, Vianet Inc., MCSnet, and Missing Link Internet Inc., to build approximately 330 kilometres of new transport fibre infrastructure. These projects will improve access to reliable and high-quality Internet services.
Impacted communities provided letters of support emphasizing the benefits of these projects, including creating new opportunities for local businesses, and improving access to health care and educational services.
The CRTC continues to assess Broadband Fund applications and will make more funding announcements in the coming months.
Quote
"We are taking action to help ensure that Canadians have access to high-quality Internet services. The projects announced today will connect 18 communities across Alberta, British Columbia, and Ontario. This will have a significant impact by helping create new opportunities for local businesses and improve access to health care and education services."
- Vicky Eatrides, Chairperson and Chief Executive Officer, CRTC
Quick facts
The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.
To date, the CRTC's Broadband Fund has supported projects that will connect over 49,000 households, improve cellphone service along over 630 kilometres of major roads, and build over 5,500 kilometres of fibre to communities.
The CRTC is continuing to make improvements to the Broadband Fund as part of its review of the fund. In December 2024, the CRTC announced its first decision to improve the fund and help make it faster and easier to connect Canadians to high-speed Internet. The CRTC will issue more decisions as part of its review and, later this year, it will launch the Indigenous Stream of the Broadband Fund.
Stay Connected
Follow us on X @CRTCeng
Like us on Facebook
SOURCE Canadian Radio-television and Telecommunications Commission (CRTC)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
25 minutes ago
- Cision Canada
Moomoo's Parent Company Futu Releases Q2 2025 Results: Net Income up 105% YoY to US$339 Million
JERSEY CITY, N.J., Aug. 20, 2025 /CNW/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q2 2025 earnings with US$676.6 million in revenues, up 69.7% year-over-year ("YoY"), and US$338.8 million in non-GAAP adjusted net income, up 105.2% YoY. As of June 30, 2025, the Company reported 27.12 million registered users, 5.24 million brokerage accounts and 2.88 million funded accounts. The Company's total client assets surged to US$124 billion, demonstrating an accelerated growth of 17% quarter-over-quarter ("QoQ") and 68% YoY. Notably, the Hong Kong market reported strong net inflows, with average client assets increasing QoQ by double digits, while the Singapore market posted robust user growth, with one in every two Singapore residents now a moomoo user [1]. In Q2, the Company's total trading volume across its platforms grew by 12% QoQ and 121% YoY to US$457 billion, with US equities hitting US$343 billion, an all-time high. Singaporean, Australian, Japanese, and Canadian equities also recorded historical highs in quarterly trading volume. Cryptocurrency and AI Lead Product Innovation In the second quarter, cryptocurrency assets grew significantly by 43% QoQ across the Company's platforms. As the Company charts an ambitious course for the future of fintech, it has placed cryptocurrency expansion at the forefront of its business strategy. Following successful launches in Hong Kong and Singapore, the Company has introduced Moomoo Crypto to US investors. It is actively exploring and accelerating the rollout of cryptocurrency trading services across its global markets, aiming to build a one-stop investment platform that seamlessly connects virtual assets with traditional finance. At the same time, the Company is striving to build an end-to-end virtual asset infrastructure lifecycle. Leveraging multiple licenses obtained from regulators of various markets, the Company is set to provide a wide range of services including custody, matching and trading for virtual assets. The Company has launched cryptocurrency deposit and withdrawal services in Hong Kong, and has announced plans to explore offering around-the-clock on-chain tokenized money market fund trading services. In the future, the Company intends to offer more compliant crypto-related features to global investors. In addition to cryptocurrency, Artificial Intelligence ("AI") has been in the spotlight as more AI applications emerge in the fintech realm. In Q2, the Company introduced its self-developed blockbuster feature, Moomoo AI, an AI chatbot that empowers users worldwide to make smarter investment decisions with cutting-edge technologies. More advanced tech-driven functions are available in Moomoo Membership, which aims to provide exclusive premium benefits to members and provide value-added services. The Company continues to upgrade its platform features and enrich its product selections to meet various investor demands. In Japan, moomoo further expanded its capabilities in US stock assets by launching US stock options trading. In Malaysia, moomoo introduced IPO financing and earnings calendar features, enhancing the Malaysian stock trading experience. Meanwhile, the Company is improving trading features across various platforms, including launching the Options Strategy Builder feature on mobile and enabling funds and bonds trading on desktop. The recent Bullish IPO attracted strong interest on moomoo US platform, with 100% of moomoo subscribers successfully securing the shares. The moomoo app maintained the top position in Q2 downloads among local stock trading apps in Australia, Malaysia, Singapore, and Hong Kong [2]. Localization Strategy Drives Long-Term Market Growth In response to the rapid increase in demand for cryptocurrency and options related content from global users, moomoo introduced several dedicated educational sections within the in-app community. By the end of the second quarter, the community reported quarterly growth in daily active users, user generated content, and user engagement, with almost two million visits to the community's free educational online courses. In addition to online courses, moomoo also partnered with various organizations to promote financial literacy. In collaboration with Nasdaq and Japan Exchange Group, moomoo hosted its flagship offline event -- MooFest in Japan, attracting around 3,000 investors. Moomoo Malaysia joined forces with Bursa Malaysia to promote financial literacy, advancing the development of the local investment market. In the US, Moomoo Foundation and W!se, an educational nonprofit, presented awards to 100 high schools for their educational excellence in finance. Additionally, moomoo made a bold new presence at Citi Field, home of the American professional baseball team the New York Mets, with a 36-foot high moomoo signage, which significantly amplifies moomoo's brand visibility and recognition around the New York tri-state area. Moomoo also partnered with J.P. Morgan for the J.P. Morgan Corporate Challenge Singapore 2025 to promote wellness and an active lifestyle. Moomoo's dedicated localization efforts and product strengths garnered wide recognition across global markets, underscoring its growing influence in the fintech domain. In Malaysia, moomoo was honored by Bursa Malaysia with two prestigious awards - "Top Broker - Highest Number of New Accounts" and "Top Broker - Highest Traded Value". In Australia, moomoo secured the "2025 Canstar Outstanding Value" awards for traders, active investors, and casual investors, a testament to its broad appeal and "customer-first" business philosophy. In Singapore, moomoo clinched the "Fintech - Private Wealth Management" award at the SBR Technology Excellence Awards 2025. With all these accolades, moomoo reaffirms its commitment to enhancing customer value. The Company will continue to widen the products and features on the platform while maintaining its first-class services. About moomoo Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together. Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 27 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.
Globe and Mail
25 minutes ago
- Globe and Mail
How the Air Canada strike tested Canada's labour laws
A national strike by Air Canada flight attendants ended on Tuesday morning, three days after it began. One of the key issues that Air Canada and the Canadian Union of Public Employees were fighting over was "ground pay," the amount flight attendants are paid for their work before takeoff and after landing. Jason Kirby is a business reporter for The Globe and Mail. He's on the show to talk about what we know about the deal so far, and what impact this strike could have on future labour disputes. Questions? Comments? Ideas? Email us at thedecibel@
National Observer
42 minutes ago
- National Observer
Chinese EVs won't break Canada's car market — but they could improve it
When my wife and I travelled to Iceland earlier this summer, I was determined to explore its otherworldly landscape through the windshield of an unfamiliar EV. It was an easy decision. I knew the country had one of the highest EV adoption rates in the world (42 per cent of vehicle sales in Iceland were electric last year) and the rental company had plenty of electric options available. Driving from Reykjavik to Egilsstadir turned out to be a breeze — Iceland has a fantastic charging network — and my wife and I probably saved a few hundred bucks on gas. But here's the kicker: while I thought I was getting an electric Renault, when we went to pick up the car, lo and behold, they handed us the keys to a BYD Dolphin. Some context is in order: my employer, Clean Energy Canada, has been in the news recently with polling conducted with Abacus Data showing that four in five Canadians oppose the current 100 per cent tariff on Chinese EVs and would prefer either a lower tariff or no tariff at all. Little has changed since then. It still remains unclear which path Canada will take on this and other critical EV-related decisions, including the fate of the EV availability standard (a policy requiring automakers to supply more EVs), the promised return of consumer incentives and — at a more fundamental level — whether Canada will follow Trump's metaphorical exhaust pipe or instead align ourselves with the wider world, where one in four cars sold this year are expected to be electric. Lest one think I'm a shill for Chinese EV makers, I assure you my experience was quite the coincidence. I'm only certain I saw one or two other BYDs on the road the entire time we were in Iceland and the one they handed us appeared to be brand new, though apparently they are growing quickly in popularity. I did see a lot of EVs generally, however, including many I've never seen on North American roads. So, what was it like driving a BYD, you wonder? It was, well, perfectly fine. Driving a BYD actually changed how I view Chinese EVs, but not in the way you might think. After all, for Canadians, Chinese EVs are mythical unicorns we read about but never actually drive or even see on the road. Driving a BYD actually changed how I view Chinese EVs, but not in the way you might think. After all, for Canadians, Chinese EVs are mythical unicorns we read about but never actually drive or even see on the road. In reality, it was an economy hatchback with decent range that would directly compete with the Chevy Bolt, a car launched by GM in 2017 and paused in 2023 despite being the most popular non-Tesla EV in the country at the time (a new version should come back next year). What I drove across Iceland wouldn't crush the competition, just as it hasn't in other Western nations, where Chinese EVs typically capture less than 10 per cent of the local EV market. What it would do is give buyers another option — and, crucially, one in the all-important sub-$40,000 category of which Canadians have too long been deprived. (A quick note: no one is selling you a $15,000 EV in Canada, despite whatever headlines you may have read. BYD builds and prices cars for the specific markets it sells in and often still faces tariffs, just not ones set at 100 per cent.) Canada's car market has a serious gap in need of filling: the aforementioned Chevy Bolt has been paused for quite some time, despite its popularity. Nissan never seized its early-market advantage with the Leaf. Tesla spent years building a child's drawing of a truck instead of the affordable mass-market EV it could have. In market research Clean Energy Canada conducted with Abacus Data to be released this September, we found that a price tag under $40,000 was an especially important line for many car buyers — and yet Canada no longer has an appealing electric option to offer these folks. Other places have the affordable EVs budget-minded Canadians want — not all of them Chinese — but early evidence is emerging that the mere presence of Chinese EVs improves local market conditions and consumer adoption. That's what competition does. We know competition is good for affordability and consumers know it too. As for legacy automakers, the existential threat of Chinese EVs isn't the car I drove across Iceland. It was certainly a solid, feature-filled, affordable EV that would find a receptive market here in Canada. But a magical unicorn it was not. I've driven nicer EVs. Rather, the threat of Chinese, European and South Korean EVs is this: while I saw the occasional American truck and many Teslas in Iceland, I did not see a single electric car from a legacy U.S. automaker. Not one. The maxim of our time once again applies: a tariff cannot save America from itself. That's on them. But it certainly shouldn't be on Canada and Canadian consumers.
