François-Philippe Champagne, minister of innovation, science, and industry, has announced the publication of the 2022 Price Comparison Study of Telecom Services, an annual report that tracks the prices for wireless and home internet services.

The report shows that Canada's wireless prices declined by an average of 2.6% across all levels, with declines up to 16% for the largest data plans in 2022. For home internet, prices declined or were stable, and 11% decline was recorded for mid-range plans. The report also shows that regional competitors are offering prices up to 39% lower than the major national service providers.

In another indication of declining prices, in January 2023, Statistics Canada's Consumer Price Index showed that prices for cellular services declined almost 30% from 2019 to 2022.