Mired in Regulatory Battle, Canadian Telcos Now Hit by Elections

  • Canadian telecom stocks among worst performers Monday
  • Data plans in Liberals’ document is “outdated”: Scotiabank
Photographer: Brent Lewin/Bloomberg
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Canadian telecom companies can’t catch a break. After having been embroiled in a battle with the nation’s regulator, they are now caught in the middle of federal elections.

As the campaign heats up, at least two parties have zeroed in on telcos as part of their pledge to save Canadians money. On Sunday, Prime Minister Justin Trudeau’s Liberal party pledged to cut wireless services costs by 25% within four years. Earlier this month, the New Democratic Party also indicated that if elected, it would implement price caps on mobile phone and internet services that would save families about C$10 ($7.53) per month.