R&D spending in Canada to reach $30 billion

December 8, 2009

Statistics Canada reports that total spending on research and development in the country is expected to amount to $29.9 billion by the end of this year. This is an anticipated 1.2% increase over last year, according to preliminary data collected to-date for 2007. Spending by the business enterprise sector is expected to rise 1% to $16.1 billion, representing 54% of the total R&D expenditures. The PSE sector continues to rank in second place, with spending anticipated to reach $10.4 billion, accounting for 35% of the total. In terms of R&D funding, the business enterprise sector is expected provide $14.2 billion, while the federal government anticipates an R&D funding total of $5.7 billion. Statistics Canada