Source: https://www.bnnbloomberg.ca
Published:
Canada’s largest telecom company by revenue warned that a prolonged trade war will drag on economic growth, which was already hampered by a drop in domestic immigration targets.
“Everyone is going to have to get comfortable with lower volumes of sales,” BCE Inc. Chief Executive Officer Mirko Bibic said in an interview with Bloomberg.
“And then, if customers get concerned around the economic impacts of tariffs, and there’s less demand for second lines, third lines — there will still be a demand as penetration goes up, but penetration may not go up as fast.”
Canada plans to admit nearly 20% fewer permanent residents this year than in 2024, as well as fewer foreign students. This smaller pool led to a 56% year-over-year drop in net postpaid wireless subscriber additions during BCE’s fourth quarter
Read more click the above source link…