About this Report

The State of Canada’s Tech Sector, 2016 is a new report produced by the Brookfield Institute for Innovation + Entrepreneurship (BII+E) in conjunction with a number of key partners. To date, we have only had a limited view of how pervasive of an impact technology—and technology‐related jobs—has had on the size of our economy and its contribution to our workforce.

The report states that the value of Canada’s tech sector has grown steadily, and that the sector itself is broader in scope than previous assessments, ranging from digital technologies, to aerospace and pharmaceuticals. It is a diverse, highly innovative sector that is also a significant economic driver. In 2015, the technology sector was directly responsible for $117 billion or 7.1 per cent of Canada’s economic output—greater than that of the finance and insurance industry.

The tech sector also has the key attribute of being a more dependable, less volatile, source of growth than the real estate, manufacturing, extractive industries and construction, which are currently Canada’s largest economic contributors.

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