I think we need to rid ourselves of the overreaching crtc. Their recent decisions have been fundamentally anti competitive. This latest nonsense is just another reason to get rid of this out of touch unneeded regulator. I believe in free trade and this economic nationalism is a job killer , a guarantee of monopolies and high prices.
Canada should put a foreign ownership cap of 49 per cent on both the telecom and broadcasting sectors, the head of the federal regulator on Tuesday told a parliamentary committee investigating foreign ownership restrictions.
Konrad von Finckenstein, chairman of the Canadian Radio-television and Telecommunications Commission, said converging technologies have resulted in converged companies, and that it is impossible to talk of reducing foreign ownership restrictions in one sector without doing so in the other. Currently, foreign ownership restrictions limit direct and indirect investment to 46.7 per cent.