The economic note released by the Montreal Economic Institute on Tuesday says Canadian wireless providers are on the right track, offering consumers network upgrades.
Canadians will continue to pressure companies to provide technology to support smartphones and other high-tech devices, author Yves Rabeau says in the note, adding Canada's wireless market is in "full expansion" and "functioning well."
"When we use comparable figures to evaluate the prices charged by Canadian wireless companies, we can see that they are fairly close to the average of what we find in other developed countries," he said.
"Canadians therefore have every reason to want to maintain the approach put in place nearly two decades ago, namely refraining from imposing specific regulation on this important sector of our economy."
The report stands in contrast to criticisms that Canada's service providers are not competitive enough and Canadians pay too much compared to telecom users around the world.
Rabeau argues that the CRTC, which is reopening the debate into whether to regulate the industry, should not crack down but rather maintain the current system.
In April, the CRTC asked for feedback on whether it needs to create a national wireless code to ensure that cellphone and mobile device customers are protected.
It suggested it could develop a national code for wireless services after receiving several applications suggesting one.
The regulator decided in 1994 that it wouldn't regulate the wireless sector, convinced there was enough competition in the market.