Vive le market libre

Justin Trudeau laments for the Harper government’s treatment of foreign investors. And Marc Garneau calls for foreign investment in telecommunications.

I would maintain restrictions on foreign ownership in broadcasting because of cultural and content implications to ensure continued production and broadcast of Canadian shows and content for television, film and new media. But I would open the doors on telecommunications. In Germany, Sweden, Italy, even France, there exist no restrictions on foreign investment in telecommunications. It is time for Canada to enter fully into the global market as well.

Let’s compete with the best and let competition bring new ideas, entice investment in new technologies, create new jobs in Canada and drive down the costs of our wireless bills. If a Vodaphone or a Verizon enters Canada and offers Canadians new choices, new options, all the better. New entrants will invest in new advanced networks benefiting Canadian consumers and businesses alike. The investment will support continued innovation in the digital economy, improve Canadian competitiveness and help create jobs.




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Vive le market libre

    • The idea to scratch payroll taxes for companies that train more [especially young and Aboriginal employess] sounds like a worth while one. His other proposals look interesting too, from a liberal perspective.

      Unfortunately baring a meltdown[not impossible] by JT, Garneau can’t take him. I’m sure he’s make a great minister of science technology and innovation though. And we can be pretty sure he does think evolution is a fact, not an opinion.

      • Justin is certainly the ‘flash’ candidate, although so far he’s been
        totally dull in his policies. Only thing I like about him so far is the
        way he’s tossed old topics out the window.

        Depends on how serious Canadians are about the future, and how well Justin and Garneau can do retail politics I guess.

  1. I wonder if Garneau fully appreciates what it would take for a company like Vodafone to set up shop here, or if he’s just mouthing empty platitudes.
    When Orascom did it a few years back, the result was that they’re concentrated in major cities, and completely shut out of Quebec. After a few years in business here, their client base represents only a small fraction of total mobile customers in Canada. They hardly made a dent in the “big 3″ subscription base (although I appreciate the fact that the big 3 lowered their prices as a result of added competition).
    The issue is not limited to foreign investment. It’s also limited to available bandwidth, startup costs, geography, etc… Sadly, the first time a company set up shop here in Canada to take on the “big 3″ (Microcell), they eventually realised that the Canadian market was both too small, and too saturated, to make any decent profits, before selling to Rogers. That was about 10 years ago… Today, the market is ever-more saturated (particularly in the big cities, where most new carriers are concentrated), while profit margins seem to be slipping. This goes beyond international funding: the incentives are just not there.

    • Meanwhile, those of us in the hinterlands are hostage to one (maybe two) major service providers who extort extravagant fees for indifferent service.

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