Canadian Firms to Spend More on R&D in 2011

Canadian Firms to Spend More on R&D in 2011Research and development spending by industry is expected to increase in 2011 — the first time in four years that has happened in Canada. “The 2011 industrial R&D spending intentions suggest that recovery is underway after three consecutive years of declining R&D spending that occurred across almost all industrial sectors,” said a Statistics Canada report Friday. Businesses in Canada planned to spend $15.6 billion on industrial research and development in…

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