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By Theophilos Argitis

Netflix Inc. won’t face regulation in Canada after the country’s broadcast agency rejected calls from BCE Inc. and other cable providers that argued the Internet-based movie company has a competitive advantage, two people familiar with the matter said.

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The Canadian Radio-television and Telecommunications Commission will announce next week it won’t undertake a formal review of Netflix and other online providers, the two people said, on condition they not be identified because the decision hasn’t been made public.The Gatineau, Quebec-based regulator held consultations on whether Internet-based movie distributors should fund Canadian broadcast content and face other regulations that cable and satellite distributors such as Rogers Communications Inc. must meet.

Denis Carmel, a spokesman for the commission, said the CRTC doesn’t comment on speculation.