It is no secret that Canadians have been feeling a pinch in their wallets. According to Statistics Canada, the overall Consumer Price Index has surged by 18.5 per cent over the past five years, while categories like food, shelter, and vehicles have seen even steeper price hikes of 26 per cent, 25 per cent, and 20 per cent respectively. Yet in this period of heightened inflation, there is a notable exception—the price of telecommunications services.
Canadian policymakers’ longstanding preference for promoting competition among network operators—also known as facilities-based competition—has fostered the high level of investment required to make Canada’s telecommunications networks among the best in the world while also driving competition among network operators to offer Canadians more value for their dollar.
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