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submitted 7 months ago by sbv@sh.itjust.works to c/canada@lemmy.ca

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

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[-] streetfestival@lemmy.ca 25 points 7 months ago

Corrected title:
~~Consumers~~ [>95% of Canadians] may ~~grumble~~ [be increasingly unable to afford food and housing due to unchecked corporate greed], but these oligopolies are great for [making the already wealthiest <5% of Canadians and foreign] investors [even wealthier]

[-] MajorMajormajormajor@lemmy.ca 5 points 7 months ago

In the end, isn't that what life is truly about? Won't people think of those poor billionaires?

[-] corsicanguppy@lemmy.ca 3 points 7 months ago

Considering who owns the Globe, this shouldn't be a surprise.

[-] streetfestival@lemmy.ca 5 points 7 months ago

Agreed. This headline is a textbook example of plutocratic propaganda

this post was submitted on 31 Mar 2024
39 points (81.0% liked)

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