Oxford Economics: Markham Headquartered Huawei Canada Catalyzes $690M Contribution to Canada's GDP in 2018

MARKHAM, ON, Nov. 27, 2019 /CNW/ - Huawei represents a significant and growing contribution to Canada's Gross Domestic Product (GDP) with a total benefit equivalent to $690M in 2018 alone, according to a comprehensive new economic study conducted by Oxford Economics Ltd.

Categorized in: Business, Information Communications & Technology Posted on: November 29, 2019 Last updated on: November 29, 2019 Written by: Nathan Allen

MARKHAM, ON, Nov. 27, 2019 /CNW/ – Huawei represents a significant and growing contribution to Canada’s Gross Domestic Product (GDP) with a total benefit equivalent to $690M in 2018 alone, according to a comprehensive new economic study conducted by Oxford Economics Ltd.

In addition, the report highlighted that Huawei supports nearly 5,000 well-paying, full-time Canadian jobs, invested $164M in R&D initiatives and generated $204M in taxation potentially helping to support public spending on health care, education and other core services – all in 2018 alone.

Full Article: newswire.ca