Canadian telecom industry contributed over $70B to economy in 2020

OTTAWA — Canada’s telecommunications industry contributed up to $70.7 billion to the country’s gross domestic product (GDP) in 2020 and supported almost 600,000 jobs, according to a new Accenture report commissioned by the Canadian Wireless Telecommunications Association (CWTA). This is despite the Covid-19 pandemic and the resulting 5.4% contraction in the Canadian economy last year, says a CWTA press release announcing availability of the report today. The 2020 study conducted by Accenture Strategy and Consulting is an annual review of the telecom industry’s impact on Canada’s economy. In line with the 2019 report, “this year’s study continues to focus on...