Canada’s telecom providers will be pushed to slash wireless data plan prices by 25 per cent from 2020 benchmark rates over the next two years or risk facing other measures to improve competition in the sector, Innovation Minister Navdeep Bains announced Thursday.
Bains expects all those prices to come down by 25 per cent within two years, but that several options were in play if the telecom companies don’t play ball. Based on those campaign documents, Telus has already been using a “True North Affordability” logo on various phone plans, to indicate they’re already 25 per cent below the campaign target.
“Canadians will be able to see in the two to six gigabyte space for each plan with each company in each region, where those price points were at the beginning of 2020 and where they will be at the end of two years,” Bains aid.
Source: News Formal (newsformal.com)
It is like Communism.People complain & asked cut liberal head. Liberal is looking who is guilty, which head has to be cut. Stalin did this job (Killed)for lot of Communism leaders, sacrifice them to save own head. Trudeau try to do the same way. It is not working even in Canada
Government should open the market for more competitions rather than controlling private businesses.
Just who does this fuck think he is? Truedope Liberals are going to dictate to publicly traded companies that are spending billions on 5G, new towers and infrastructure to cut price 25%. Maybe in Cuba, not in free market world!
Based on Canadian rates vis-a-vis the rest of the world And our telcos r an oligonucleotide mafia... ....I am fine with this directive. Free markets blah blah...until u need to correct abusive behavior. TradeTraders Telecoms Canada crtc
Brought to you by our 'I have a deep admiration for the basic dictatorship of China' PM. When it will fail (and it will) the simpletons will scream 'muh capitalism', totally disregarding that the 'Big 3's' monopoly only exist BECAUSE of government regulations in the first place.
Hopefully the Liberals will be defeated within two years. Another party will have the job of uniting the country and building wealth and job creation.
What is it called when a country's Gov't sets prices on behalf of private enterprise?
You better do it too, or they may just throw $240 million at you to make this go away!!!!
I'll bet the Telcoms are pissing themselves. The arrogance of Navdeep Baines and this inept do nothing govt to throw an ultimatum at telecoms..Or Else. The stupidity is mind boggling. The reason they gave 2yrs is hoping voters will have forgotten by next election. The liberal way
When did the government decide to run everything. They can’t even pay their employees.
Lol. How about 2 months?
There‘s a right way & a wrong way to lower prices. Wrong way; dictating price drops on private business. Right way; open the market up for competition, it will naturally drive prices down, look at the US telecom market. Capitalism works, big government does not. cdnpoli
A very good move. We pay one of the most highest plans in the world. We hope negative ads from the Canadian telecoms do not repel our gov't this time round as it did the last time stephenharper and others tried.
The focus needs to be on creating more fiber optic infrastructure, making it accessible to smaller, or new, ISP companies, and creating financial incentives to make it easier for new/small ISP's to compete with big telco. Nationalizing fiber optic cables is also a consideration.
Look who’s on the board of directors. Do some homework.
Here’s a crazy idea: Allow more competition in the market to drive down prices. Liberals are stupid
Lmao. Or risk further measures . They all see how weak JustinTrudeau is.
They’ll take the cash from dividends they pay a large number of investors and retired ppl in this country, where else does PMblackface think the money will come from?
This their way of signalling they’re opening up the market to huawei in two years?
PATHETIC! coronavirus 'on the way' and trudeau talks about cellphones....RESIGN!
Internet & cell should be FREE , for any Canadian. If ya don't got , you can't live.
From what the Telcos are saying.. for telus alone this means $1billion less investment and 5,000 jobs cut. So the liberal_party just told Telcos to cut jobs and investment
jamespmcleod What the hell takes two years?
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