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Posted November 5 , 2013

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R&D

Corporate R&D Spending Jumps 12.6% in the Face of Falling Revenues

Bombardier Inc. Tops Spending Table at $1.9 Billion, Blackberry a close second.

Toronto - Total research spending at Canada’s 100 leading companies leapt by 12.6% in Fiscal 2012 countering a combined revenue decline of –3.0%, according to this year’s annual Canada’s Top 100 Corporate R&D Spenders, released today by Research Infosource Inc..

Bombardier Inc. moved into first place overall in Fiscal 2012, posting research spending of $1.9 billion, up from $1.3 billion in Fiscal 2011. BlackBerry Limited fell to second place with $1.5 billion of spending. BCE Inc. retained 3rd place with spending at $576.1 million.

Top 100 R&D increases were accelerated by large spending increases at Bombardier Inc., Rogers Communications Inc., Encana Corporation, and General Motors of Canada Limited. Worryingly, however, large spending increases by a few firms overshadowed a combined –3.8% spending decline at 73 other Top 100 firms.

Canada’s Top 100 Corporate R&D Spenders 2013

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