From grocery and banking to aviation and the wireless and cable industry, many of the services that Canadians rely on every day are dominated by just a handful of major players.
Runaway food prices. A massive day-long telecom outage that knocked out internet and phone service across the country. Flight delays, cancellations and stranded air travellers.
There are many reasons why Canada's biggest industries are dominated by just a few companies. Some say a large geography and small population make it more difficult for Canada to support more than a few major players in sectors such as aviation. A 2021 Ipsos poll appears to back that up. The poll of 1,001 Canadians found that 88 per cent agreed more competition is needed in Canada because it’s too easy for big business to take advantage of consumers. Nine out of 10 respondents polled agreed that this country should take steps so that small and medium-sized businesses can compete with the larger players.
The Bureau — which has been unsuccessful in challenging some recent high-profile mergers, including the $26-billion acquisition of Shaw Communications Inc. by Rogers Communications Inc., which was approved by the federal government last Friday — has been lobbying for tougher merger review rules.
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