New socio-economic study confirms Glencore a major national contributor to Canada [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
socio-economic study that provides a snapshot of the company's economic footprint across its operations in Canada. Conducted by KPMG, the study confirms Glencore's role as a significant driver of national and regional economic activity by supporting tens of thousands of jobs and by generating billions in economic value annually. Glencore Canada Corporation (CNW Group/Glencore Canada Corporation) According to the study based on 2024 data , Glencore's Canadian operations directly generate: $8.1 billion to Canada's GDP ~ 11 000 jobs, $1.7 billion in labour income $1.4 billion in direct government revenues across all levels of government, and $8.8 billion in Canadian supplier spend across the country. However, when indirect (supply chain) and induced (consumer spending) impacts are included, Glencore's total economic contribution grows dramatically. Across the entire spending cycle, Glencore Canada: generates up to $14.3 billion in total GDP, supports over 34,000 jobs,
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