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TAGGED AS CONFERENCE BOARD OF CANADA

Growth in telecom to lag behind economy: Conference Board

Media | 02/03/2016 10:48 pm EST

According to the Conference Board of Canada, high debt levels and weak job prospects will make it difficult for Canadians to increase spending on telecom services in 2016, limiting industry growth. A new report said the"industry’s pace of growth has slowed remarkably in recent years, from an increase of more than [four] per cent in 2010 to a mere 0.4 per cent” the Conference Board forecasts for 2015. That’s due to a decline in landline usage, disruption in the broadcast distribution sector and maturation in the wireless sector, given that 95 per cent of Canadians...