The Globe and Mail reports in its Monday edition that a new consensus is quietly forming around Canada's telecommunications industry -- a painful narrative that is putting more pressure on the sector's sinking share prices. The Globe's Tim Kiladze writes that after years of easy wins, cable and wireless companies are trapped in a new era of tepid growth, and there are no easy fixes in sight. Historically, Canada's Big Three telcos -- BCE, Rogers Communications and Telus -- were magnets for dividend lovers because they paid sizeable yields. However, their shares started sliding around March, 2022, because central banks started raising interest rates and telco yields suddenly looked much less attractive. Lately, the bottom has started falling out of the telcos, and until very recently, it was not clear why. All three are grappling with strong headwinds: much lower immigration, fierce wireless competition and the continuing destruction of the traditional cable television business. Mr. Kiladze says that put together, growth will be incredibly challenging. Layered on top are heavy debt burdens, particularly at Rogers, which added billions of dollars to pay for its $26-billion acquisition of Shaw Communications.