Telecom sector contributed $75B to Canada’s GDP last year, PwC report says

OTTAWA – Canada’s telecommunications sector contributed nearly $75 billion to the country’s GDP in 2021 and supported over 650,000 Canadian jobs, according to a report from PricewaterhouseCoopers (PwC), commissioned by the Canadian Wireless Telecommunications Association (CTWA), which represents wireless sector companies including Bell, Rogers, Videotron and Xplornet, and released yesterday. This includes a direct contribution to the GDP of $24.7 billion and support of nearly 130,000 jobs. “This direct impact resulted in increased business-to-business activity, creating indirect contributions of $12.1B to GDP and supporting an additional 119,000 jobs,” the report says, adding, “Both the direct and indirect effects created an...