CBC's impact on Canadian economy worth billions, says report

OTTAWA – CBC/Radio-Canada’s $1.77 billion worth of expenditures in 2010 led directly to $3.7 billion gross value added to the Canadian economy according to a new report by Deloitte and Touche LLP, commissioned by the CBC/RC, released today.The report is similar to one the accounting and research firm created for the BBC last year and compares the existing CBC/Radio-Canada to a “counterfactual”, or hypothetical, version of the Corp. which would exist as a commercially-funded entity only.“We find that CBC/Radio-Canada has a substantial positive impact on the Canadian economy, supporting jobs and businesses across the country. We estimate that, in 2010,...