Canada's tech sector fuels growth across the economy: BDC study
Growth in the tech sector is expected to be 5.3% in 2022, and growth for the 2021-24 period is expected to be 22.4%.
- Growth in the tech sector is expected to be 5.3% in 2022, and growth for the 2021-24 period is expected to be 22.4%.
- Entitled " Tech Industry Outlook: What's Next for the Technology Sector in Canada ", the tech sector is a key pillar of Canada's economy, driving growth across sectors and helping make other industries more productive.
- Products and services from the tech sector will fuel much of the innovation and productivity that will power economic growth in the next decades.
- The data used in this study is based on four BDC surveys conducted in 2021, as well as from an econometric analysis of growth from M&A in the tech sector.