Morning business headlines for June 4th

Added: 2026-06-08

[00:00:00]The Canadian government has directed the country's broadcasting regulator to review its recent decision to triple mandatory contributions from large foreign streaming services to Canadian content production a move that had drawn sharp criticism from US industry groups.

[00:00:15]In a statement on Wednesday, the government called for a reversal of the move and noted that culture Minister Mark Miller has instead announced 600 million in annual direct federal funding to support the sector. A growing number of Americans are searching for properties in Canada as they consider seeking refuge north of the border a new report from the Canadian real estate company Royal LePage says US originated sessions on the company's website have spiked throughout the first half of 2026.

[00:00:43]Broadcom shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue signaling its efforts to gain ground in the burgeoning industry are going more slowly than anticipated. AI semiconductor revenue will be 16 billion in the fiscal third quarter missing the 17.2 billion dollar estimate.

[00:01:04]Those are your morning business headlines for BNN Bloomberg. I'm Roger Peterson.

[00:01:10]>> The BNN Bloomberg report is brought to you by IG Private Wealth Management.

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