If you feel like your paying too much for a cell phone or airplane tickets, the Fraser Institute believes it has found the primary reason.
The Canadian public policy think tank conducted a study that found 30.6 per cent of Canada’s economy is restricted or protected from foreign competition.
“When governments in Canada protect industries, Canadian consumers pay higher prices, have less choice and or less innovations compared to consumers in other countries,” Fraser Institute senior fellow and author of Walled from Competition Vincent Geloso said in a press release.
The study found that Canada ranks 54th out of 62 countries in air transportation competition and 59th out of 62 countries in telecommunications competition.
“If provincial and federal policymakers want to help improve living standards for Canadian families, they should remove barriers to competition and allow companies to freely compete for our business,” Geloso said.
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