Huawei says it contributed $690 million to Canada's GDP in 2018, still no decision from government

MARKHAM – As it awaits a decision from the federal government on whether or not Canadian carriers will be able to use its technology in their 5G network upgrades, Huawei said last week it represents “a significant and growing contribution to Canada's Gross Domestic Product (GDP) with a total benefit equivalent to $690 million in 2018 alone.”That figure came from a new economic study from Oxford Economics which the company publicized in a release..The report highlighted Huawei supports nearly 5,000 jobs in Canada – and that it has invested $164 million in research and development initiatives while generating $204 million...