Chapter 10

http://www.theglobeandmail.com/report-on-business/keep-ownership-in-canada-crtc/article1532879/

Summary
Canada should cap their foreign ownership on broadcasting and telecoms to 49 percent. At the moment, foreign ownership restrictions limit direct and indirect investments to 46.7 percent. The current broadcasting and telecommunication act is fairly complicated and has resulted in inefficient companies trying to comply to rules. The government stated that their budget would slowly begin to liberalize restrictions on foreign ownership in the telecommunication sector. Within the telecommunication sector, many companies have assets in broadcasting which have regulations and concerns about cultural heritage.

Connection
Canadian businesses with foreign ownership has increased Canada's economic activities through investments. Although that may sound good, those foreign countries export goods back to their country for manufacturing. Restrictions on foreign ownership would increase the competition between current companies and may result in quality products. Foreign ownership benefits Canada in many ways though. It provides many jobs since Canada has much foreign investment. Also foreign investment depends on the economy. When the Canadian economy is doing poorly, companies tend to invest elsewhere.

Reflection
I think it would be a good move for Canada to increase foreign ownership. It would encourage more investments from other countries and benefit Canada's economy. Although foreign investment would compete with different industries for the consumer dollar, the quality of goods will improve. With this happening, Canada would still have control over their telecommunications because foreign investments hasnt dominated the market yet at 49%. Telecommunication plays a big role in Canada and will provide jobs to many people.