Canadians pay more for telecom, air travel because of foreign ownership restrictions: Fraser Institute

TORONTO - Canadians pay more for their cell phones and other telecom services due in large part to Canadian governments restricting or preventing foreign competition, says a new study from public policy think tank The Fraser Institute.The study, Walled from Competition: Measuring Protected Industries in Canada, examines Canadian protectionism - barring foreign companies from operating in Canada, restricting foreign ownership, requiring key employees to be Canadian citizens, and protectionism in other developed countries - with a spotlight on specific industries such as telecommunications and air transportation.Foreign competition is restricted or prevented in 30.6% of Canada’s economy, meaning that almost one of every three...