Canadian oligopolies reward investors at workers expense

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Martin Pelletier, a portfolio manager at TriVest Wealth Counsel, candidly described Canada as a “nation of oligopolies” that are “not good for consumers but great for investors.” He showed how every key sector of the Canadian economy — banking, telecommunications, energy, and the like — is dominated by a tiny handful of firms, who have ruled their respective roosts with little competition for decades. These companies consistently enjoy steady and high returns, despite providing increasingly limited services and, in many instances, implementing job cuts, reduced wages, and diminished benefits for their employees

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