Yeah, the main issue here is that a few big telcos and cable providers own the majority of the infrastructure for broadband in Canada. As a result, it was mandated that they had to have "wholesale" rates available to any smaller competitors who wanted to utilize their networks (since many of the networks were paid for with tax payer dollars anyway).

The big telcos wanted the ability to enforce the same rules they put on their own clients onto the wholesalers, which meant restrictive caps and lower speed packages. That would have effectively pinched off what little competition there was already...