The decision is a shocking reversal from the federal government’s principled position less than one year ago. The Carney government has declared its priority is to build a strong Canada and this decision does the exact opposite. It does not incent Canadian companies to invest in Canada.
Virtually the entire industry, including small and regional providers, urged our elected officials to reverse the CRTC decision. The impact of this decision will include cuts to capital investment, a loss of network construction jobs, and reduced competition which will mean higher prices for Canadians.
Now, more than ever, we need every possible advantage to stand up to national and international economic pressures, Canada needs policies that encourage investment and grow the economy. We are a proud Canadian company with a 65-year track record of investing in Canada. The government immediately needs to reconsider this deeply flawed decision and needs to make sure the CRTC sets rates that don’t further undercut the government’s own economic agenda for Canada.