Remember when we saw those commercials last year about how were were paying some of the highest cell phone rates in the world? At the time they promised that the prices would go down because Canada was going to allow more competition in the market. Well so far nothing has changed except for the fact that were are now officially the highest paying cell phone customers in the world.
The craziest part of all this is that since 2008 wireless prices have dropped by 22% in Canada and yet somehow we still pay the most. Not only that, it's not because services cost more in Canada, it's simply because Canadian wireless companies make the biggest profit margins.
On average, $46.58 of your monthly cell phone bill is pure profit. That's almost twice as much as the wireless companies are making in the UK and 4 times as much as Portugal.
So the next time your cell phone bill arrives, you'll have every right to be pissed off. Because there's no good reason why we should be paying such high rates.