Newspaper article The Canadian Press

R&D Spending Slows in Canada in 2014, Decrease Led by Biggest Firms, Study Says

Newspaper article The Canadian Press

R&D Spending Slows in Canada in 2014, Decrease Led by Biggest Firms, Study Says

Article excerpt

R&D spending down in Canada in 2014: study

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TORONTO - Research and development spending declined sharply at some of Canada's biggest companies in fiscal 2014, according to a report released Monday by innovation tracker Research Infosource Inc.

The study found that overall, such spending by the Top 100 R&D companies in Canada fell a combined 1.6 per cent last year, compared with a 4.1 per cent increase in fiscal 2013.

In dollar terms, that represented a drop to $12.3 billion from $12.5 billion.

However, the report says that while R&D spending fell sharply at some of the largest companies, including Bombardier and BlackBerry, it increased strongly at other firms.

Overall, 69 companies posted spending increases versus 30 where spending decreased, while there was no change at one company: Suncor Energy. …

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