Canadian consumers will limit spending on telecom services: Conference Board report

OTTAWA - High levels of personal debt and limited job prospects are affecting Canadian consumers' ability to afford their current telecom services, according to The Conference Board of Canada.The report Canada’s Telecommunications Industry: Industrial Outlook Autumn 2015 says that consumers may choose to limit their services and options in order to keep their telecom spending under control, especially with increases in wireless prices surpassing inflation.The pace of growth in Canada's telecommunications industry has slowed remarkably in recent years, from an increase of more than 4% in 2010 to a mere 0.4% per cent in 2015. According to the report, the industry...