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Toronto falls short in bid to create a North American cluster for new media: Study

News | 03/20/2000 5:00 am EST

Toronto is losing as much as $3 billion a year and 30,000 jobs because the city is not reaching its potential as a new media cluster, according to a new study conducted by PricewaterhouseCoopers. Re-leased Feb. 4, the report, identifies a serious "digital content gap" emerging in the Greater Toronto Area. Although Canada’s most prosperous region is still the country’s largest business centre, this fact isn’t reflected in the size, scale or stability of a new media cluster, the report’s authors find.

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