05:37:45 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 778,126,130
Close 2014-09-18 C$ 48.09
Market Cap C$ 37,420,085,592
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FP says Telus, rivals hear gov't pursuing bad policy

2014-09-18 07:17 ET - In the News

See In the News (C-T) Telus Corp (2)

The Financial Post reports in its Thursday edition that the Tory government is intervening in the marketplace without any evidence that consumers are getting gouged. The Post's guest columnists Jeffrey Church and Andrew Wilkins write that the Tory government, allegedly representing the interests of all Canadians, and BCE's Bell Canada, Rogers Communications and Telus, the incumbent providers of wireless services, have been waging a high-stakes battle. The issue? Who should determine how wireless services are provided in Canada? Should prices, quality, availability, and other terms of service be determined by the market? Or by the government? The accumulated wisdom of successful economies is that markets, warts and all, work most of the time in providing consumers with many choices at reasonable prices. The verdict on government regulation and intervention is harsh. In general, government intervention results in shortages or high prices. The threshold for intervention should therefore be high. If the concern is insufficient competition then there must be robust evidence of its opposite, of which the writers say there is none. Canadians should say "no" to opportunistic policies intended to "buy" their votes.

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