Canadian IT spending to decline second year in a row

Overall IT spending this year will be slightly less than last year’s. This will be the second year of a decline, which IDC said represents a loss of $1.5 billion of what had traditionally been allocated towards technology. Last year IDC predicted spending growth in the two to three per cent range, but unexpected variables like high interest rates, political tension and SARS put a damper on that forecast, said IDC senior analyst Vito Mabrucco.