New economic impact assessment shows company supported 92,000 Canadian jobs
A new economic impact assessment – the first since Rogers’ transformative merger with Shaw – shows the combined company contributed a record $14 billion to Canada’s gross domestic product (GDP) in 2023.*
Rogers and Shaw merged on April 3, 2023, and the assessment includes contributions of the combined company last year.** It shows the company supported 92,000 jobs.
Our commitment to bring more investment and innovation to Canadians was central to last year’s transformative merger. Historic investments followed, particularly in Western Canada, where Rogers did not own wireline infrastructure prior to the merger. With the merger, our Cable footprint doubled.
The company’s contribution to the GDP of Canada’s four Western provinces has more than tripled – from a combined $1.5 billion in 2021 to $4.6 billion in 2023.
2023 by the numbers:
- $14 billion contributed to Canada’s GDP
- $4.6 billion contributed to the GDP of BC, Alberta, Saskatchewan and Manitoba
- In excess of $3.5 billion contributing to government tax revenues, fees and spectrum licensing***
- 92,000 jobs supported across the country
Every year, Rogers reinvests 90% of our profits back into Canada. In the last 10 years, Rogers and Shaw have invested over $40 billion building the world-class wireless and wireline networks of the combined company.
* Includes Rogers’ economic impact from January 1, 2023 to December 31, 2023.
** Does not include Shaw’s economic impact prior to the merger, from January 1, 2023 to April 2, 2023.
*** This article has been updated to reflect that the total amount, when accounting for sales taxes collected and remitted, is higher than originally stated.