Telecom sector contributed almost $77B to Canada’s economy in 2022, says PwC report

TORONTO – Canada’s telecommunications sector directly contributed up to $76.7 billion to the national GDP and supported 724,000 Canadian jobs in 2022, according to a new PricewaterhouseCoopers (PwC) report commissioned by the Canadian Telecommunications Association (CTA). The same report estimates that the Canadian telecom sector’s delivery of enhanced connectivity, including 5G, has the potential to contribute an additional $112 billion to Canada’s overall GDP by 2035. The report, titled Connecting Canadians through resilient networks: The impact of the telecom sector in 2022 and beyond, shows how Canada’s telecom sector invests billions of dollars each year to meet customer expectations for network quality, coverage...