Again. They may have higher expenses. But their profits more than make up for it. That's my point.
Average TTM margin among 200 telcos: 15.55%
Rogers: 35.12%
Bell: 31.44%
companiesmarketcap.com
I understand compensating them for investments. But getting profits on par with monopolies elsewhere in the world can only happen because of protectionism.
Will add too that Canada ranks 45th in the world with mobile data speeds and 16th on broadband speeds.
Canada ranked 47th in the world for mobile speeds and 17th for fixed broadband speeds during June 2026.
www.speedtest.net
So not only do we pay some of highest rates in the world, which leads to them having some of the highest profitability in the world (for their sector), they also provide mediocre service (by global standards).
And they get away with it, because Canadians are so readily duped by the excuse that it's our geography. Rogers and Bell just have to cite geography and Canadians line up to make their shareholders rich. Meanwhile, since the digital economy is so dependent on connectivity, this literally is a drag on national productivity.