Copyright 2005 Toronto Star Newspapers, Ltd.The Toronto StarAugust 17, 2005 WednesdayFrom Lexis Nexis
Canada should abolish rules that prevent phone and cable companies, including BCE Inc.'s Bell Canada and Rogers Communications Inc., from being bought by non-Canadians because the restrictions raise costs for consumers, the country's competition watchdog says.
The government imposed the restrictions in 1987 to protect media-related companies from being acquired, responding to similar regulations in other countries.