Bloomber plans Canadian business channel

Bloomberg News has set its course to begin a  new Canadian news and business channel this summer. It will have "domestic news makers and detail the impact of global news on Canadian business" according to Bloomberg. The channel will be created with the partnership of Channel Zero, a Canadian company that owns CHCH-TV in Hamilton. CHCH may prove an important part of the "local" content for the new business channel.  "Canada is a vital market for us," founder and majority owner Michael Bloomberg said in a statement. "It is now one of our fastest-growing markets in the world." The new channel is intended to broadcast non-stop from a studio in Toronto's downtown financial district, and will have bureaus in  Ottawa, Calgary, Montreal, Vancouver and Winnipeg. Bloomberg competes with Thomson Reuters in providing news, data and information to business and media clients.