1105 GMT - Canada's telcos may be more resilient side if tariffs escalate, and could even navigate the worst of a recession if it were to come to that. TD Cowen's Vince Valentini says in a report that telecom services are to consumers "second in importance only to food, shelter, electricity." Meaning that wireless service and internet will be a top priority to maintain, even in an economic downturn. The analyst acknowledges that telcos aren't immune, however. Revenue could be slightly weighed at the margin such as smaller package sizes for cable, lower roaming revenue due to less travel abroad, and perhaps more aggressive shopping for a better deal on wireless plans. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
March 28, 2025 07:05 ET (11:05 GMT)
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