The International Institute of Telecommunications (IIT) based in Montreal released the results of a SECOR study tod...
September 6, 2007
The International Institute of Telecommunications (IIT) based in Montreal released the results of a SECOR study today that shows that the Information and Communication Technology (ICT) sector is one of the pillars of the Canadian economy, but that the underfunding of recent years has undermined Canada’s competitive position relative to other countries such as Finland, Ireland and South Korea.
The SECOR study shows beyond a shadow of a doubt that the ICT sector must invest more if Canada wants to be an international leader, said Louis Brunel, president and chief executive officer of IIT.
The study found that although the ICT sector has grown significantly in Canada (6.5%, from1990 to 2002), the pace has been much slower than world leaders, such as Ireland, which, with a growth rate of 13.5%, is growing twice as fast as Canada.
Despite the slowdown of the early 2000s, ICT is one of the pillars of our economy, representing 6% of Canada’s GDP. The ICT sector has also grown 8% annually since 1997, a much faster pace than the Canadian GDP over the same period.