The ninth-annual international telecom price comparison study commissioned by the Canadian Radio-television and Telecommunications Commission has been released surrounding the cost of telecommunications in Canada and abroad, and the news is depressing.

John Lawford of the Public Interest Advocacy Centre has called the wireless prices here in Canada a “train wreck,” and has said to, “We’re kind of virtually tied for the worst prices in every level. The competition is not working quite as well as we thought.”

Canada currently has three major telecommunications giants competing for the majority of the Canadian market- Bell, Rogers and Telus. These companies often argue that the high prices they charge are necessary in order to maintain expensive infrastructure, like LTE 4G wireless networks and fibre Internet, but the evidence may indicate other findings.

Lawford has stated that the profit margins of Canada’s big three are “stunning” when compared with those of other G7 countries, indicating that the prices may be excessive.

The CRTC’s report has revealed that Canada has the most expensive low-end wireless telephone service of all G7 countries, and Canadians are charged the second highest fees for premium mobile phone services that include more minutes and data.

Canada is also among the top three countries with the most expensive broadband Internet, bundled services and mobile data. Canadians are reported to pay about three times as much as consumers in the U.K., Italy and Australia.

The previous government tried to encourage competition in the Canadian wireless market, but the results are yet to surface.

According to the report, on average, new entrants to the market charge 25 per cent to 36 per cent less than the Big Three, and brands such as Koodo and Fido are on average 14 per cent cheaper.

Resellers such as PC Mobile are around 10 per cent cheaper.

According to Lawford, retold by, should federal regulators approve Bell’s plan to buy Manitoba Telecom Services, prices could go even higher.