Canada news brief
Canada backs a rival to Starlink but a $2bn debt battle threatens its plans
🇨🇦 CanadaNEWS DESKPublisher image not supplied
NEWS DESKCanada
PUBLISHEDNov 1, 2026, 7:00 PM
What the source reports
Telesat, whose major shareholders include New York investor Mark Rachesky’s MHR Fund Management and Canada’s PSP Investments pension fund, faces approximately C$2.
3bn in debt maturing on December 6, with another C$600mn due next year, accounting for exchange-rate movements.
Main source: Bing News – Canada
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