The federal government released its second report tracking the progress of its attempts to get Rogers, Bell and Telus to cut prices by 25 per cent over two years. Like the first report, released in July, it shows Quebec is the only region where prices have hit that target. (The Logic)
Talking point: There has been some progress since July. Midrange plans have dropped between eight and 10 per cent in some provinces, largely due to promotional pricing. “We have begun to see progress in these efforts, and we expect these positive trends will continue,” said Innovation Minister Navdeep Bains. Telus said it welcomed the report, saying in a statement that it shows “costs are declining for consumers and have been for some time.” The government expects to hit its 25 per cent target over two years, but Canadians likely won’t save the Liberals’ promised average of $1,000 a year, according to documents obtained by The Wire Report. The price-reduction target is specifically focused on plans with a midrange of data, but customers are increasingly looking for ones with more, pushing the prices of other plans lower.