Canada’s telecom industry contributes $74.5 billion annually to economy

OTTAWA — The Canadian telecommunications industry directly contributed $74.5 billion in GDP to Canada’s economy in 2019 and supported 638,000 jobs, according to a new Accenture report commissioned by the Canadian Wireless Telecommunications Association (CWTA). The report looks at the economic impact of facilities-based network operators supplying wireless and wireline connectivity services, and found the industry’s GDP contribution was comprised of $23.5 billion in direct impact from the value chain of service providers and $51 billion in direct impact due to other industries which increased their sales and output by adding incremental wireless and wireline connection. Released today, this year’s...