Foreign ownership restrictions hurt consumer choice and inflate prices, say Ministry officials

By Perry Hoffman

OTTAWA – “There is a concern that these restrictions are impairing the growth and competitiveness of the industry to the detriment of consumers and the industry as a whole,” said Marta Morgan, not wasting any time getting to the point during the opening of the Standing Committee on Industry, Science and Technology hearings on foreign investment restrictions in telecommunications last week.Morgan, the assistant deputy minister of the strategic policy sector at Industry Canada, and two other Industry officials appeared in front of the committee March 25.She continued by giving a brief history of previous studies done on Canada’s foreign ownership...