this post was submitted on 31 Mar 2024
38 points (80.6% liked)

Canada

7133 readers
452 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Regions

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca
38
Consumers may grumble, but these oligopolies are great for investors (www.theglobeandmail.com)
submitted 5 months ago by sbv@sh.itjust.works to c/canada@lemmy.ca
20 comments fedilink hide all child comments
 

Canada: three oligopolies in a trenchcoat.

Bank service charges and overdraft fees can infuriate consumers, and more choices could lower their temperature.

From the perspective of investors, though, Canada’s cozy network of oligopolies – in which a few players dominate one sector – can look very different. Slim competition can keep upstarts out and profits in, driving strong shareholder returns and attractive dividends over the long term.

“We have a handful of oligopolies that are able to fend off new entrants (whether regional or foreign) without needing to destroy profits for an extended period of time, or where we need a government financed solution,” Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets, said in an e-mail.

https://archive.is/1BPVW

you are viewing a single comment's thread
view the rest of the comments
[–] No_Eponym@lemmy.ca 17 points 5 months ago

Honestly, if we needed ologopolies because of our population/geography, why are they so profitable? They should just be getting by.

Break up the ologopolies.

Remove unnecessary/ineffective regulation that has been hijacked to promote protectionism.

Make all infrastructure a publically owned utility. If services can be offered on that utility efficiently via the private sector (roads, rail, ICT "digital highways") then let any company use them at a rate that supports sufficient maintenance, repair, and I provements.

In general, ban rent seeking.

This isn't that hard. It's not happening because the political and bureaucractic classes have been captured by big corporations and we have no real choices.