Featured Investing

Canadian Firms to Spend More on R&D in 2011

Research 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 2011. That is five per cent higher than the $14.9 billion they had planned to spend in 2010, but still below the $16.8 billion they spent in 2007.  Read More…

Replies to this Post

  1. Chadrick C. says:

    I work in the science research sector and i can say i’ve definitely felt growth. We are always hiring.

  2. Marcello says:

    Yea but who knows how long this will last. Seeing as how we are going into 2012 i am not so sure this will last for another year.

  3. Harvir D says:

    Time to dust the school books for a new career 🙂

  4. Damarcus K says:

    Now if we can get the other sectors moving too things would be great.

  5. Lyle Ottey says:

    Seeing as how the US is still in a slump its not hard to see that the US r&d sector is performing better than ours.

    So although we are doing well this is not an indication of good things for the rest of the economy.

  6. Moises McCrery says:

    It’s about time Canada had some good news in the economy!

  7. Sam C says:

    If i recall the government subsidizes this sector heavily so i think its a bit of an illusion.

Leave a Reply

Your email address will not be published. Required fields are marked *