Continuing wireless demand will help carry telecom, says forecast

OTTAWA – The demand for wireless will help Canada's telecommunications industry “remain healthy and profitable”, according to the latest Industrial Outlook by the Conference Board of Canada. "The continued rapid rate of increase in demand for wireless services – 8% increases on a year-over-year basis - is driving growth in the telecommunications industry. However, profit levels will remain flat over the next few years, due to fierce price competition, and a slowdown in demand growth due to the economic slowdown," said Michael Burt, associate director of the Industrial Outlook. The forecast says that an uncertain economy will help to slow...