Runaway food prices. A massive day-long telecom outage that knocked out internet and phone service across the country. Flight delays, cancellations and stranded air travellers.
There are many reasons why Canada's biggest industries are dominated by just a few companies. Some say a large geography and small population make it more difficult for Canada to support more than a few major players in sectors such as aviation. A 2021 Ipsos poll appears to back that up. The poll of 1,001 Canadians found that 88 per cent agreed more competition is needed in Canada because it’s too easy for big business to take advantage of consumers. Nine out of 10 respondents polled agreed that this country should take steps so that small and medium-sized businesses can compete with the larger players.
The Bureau — which has been unsuccessful in challenging some recent high-profile mergers, including the $26-billion acquisition of Shaw Communications Inc. by Rogers Communications Inc., which was approved by the federal government last Friday — has been lobbying for tougher merger review rules.
Because we have so much regulations only large corporations can afford to navigate it all.
goodkarma4344 How dare you critique the Canadian way? Govt+oligarchs say pay more, we bend down, lick their boots, and say 'sir yes sir.' Stability and pride over everything else !
No kidding! It was so hard to come to this conclusion?! I mean, an average person could have told this years ago yet it took you years to put it in print. This delay might be deliberate considering who’s BNN owner.
Open the markets
Good morning! Did you finally wake up ? All major industries that consumers really on are monopolies. Banks, communications, insurance, air travel are monopolies & the government & media are complicit. Laughable: Flair airline (1 plane) treatments Air Canada. Rogers-Quebecor Inc
That's what happens when state run agencies like the CRTC and OSFI are setting the rules and regs that prevent free market competition.
Canadians are screwed by those companies as their families rule the Government.
Isn't the main reason Canada has these dominating oligopolies the severe limiting or refusal of the federal government (JustinTrudeau for now) to allow foreign competition?