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BCE Inc (2)
Symbol BCE
Shares Issued 833,285,866
Close 2014-10-16 C$ 47.18
Market Cap C$ 39,314,427,158
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Globe columnist warns regulator can't save Shaw, others

2014-10-17 08:13 ET - In the News

See In the News (C-SJR) Shaw Communications Inc

The Globe and Mail reports in its Friday edition Canada is rife with industries with their heads stuck in the sand, almost invariably because they believe they can shelter behind a friendly bureaucrat with a rulebook. Guest columnist Brian Crowley writes examples abound in fields as diverse as telecommunications, dairy, airlines, broadcasting, taxis and transport. He asks, Could there have been a bigger farce than the CRTC's attempt to manhandle on-line content provider Netflix? The broadcast regulator strutted before the public browbeating of the American company's representative, demanding subscriber lists and wanting to know when there would be a Canadian version of House of Cards. Mr. Crowley, who heads the Macdonald-Laurier think tank, says CRTC's retreat in the face of Netflix's indifference was so complete they had to strike the company's appearance from the record of its hearings. Joe Stalin would have been proud of this "rectification" of the historical record. Crony capitalism accompanied by regulatory capture cannot and will not save companies: The false sense of security makes companies more likely to commit strategic mistakes that make life easier for owners at the expense of consumers.

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