FEDERAL ELECTION The Liberal Party of Canada released its full platform on Wednesday, including a number of promises on research and innovation. The party’s proposals include a permanent Council of Economic Advisors, reforms to the Scientific Research and Experimental Development Program to “reduce red tape,” an additional 1,000 Canada Research Chairs, a $75-million fund to help colleges and…
Topic: industrial R&D
StatCan report on foreign firms signals promise and peril for Canada’s innovation sector
A Statistics Canada report on foreign firms operating in Canada points to both crisis and opportunity for the country’s innovation ecosystem.
In-house R&D spending by Canadian-based companies decline in tandem with troubles in oil and gas sector
In Statistics Canada’s annual report on industrial R&D characteristics, the collapse of oil and gas prices and resulting downturn in the sector is cited a major contributor to the decline in in-house industrial R&D spending, which dropped 5.8% between 2014 and 2015 from $18.2 billion to $17.2 billion.
US companies performed 18% of their R&D in foreign countries
US companies performed US$395.6 billion in R&D in 2013, 18% ($73.1 billion) of which was performed in other countries, according to the latest data from the National Science Foundation. The closely watched manufacturing sector accounted for the bulk of industry R&D outlays ($272.6 billion/68.9%) led by computer and electronics products ($85.5 billion) and pharmaceuticals and…
Study captures industrial R&D’s westward shift and decline of manufacturing
Business in-house R&D spending totalled $16 billion in 2013, $700 million lower than pre-recession levels in 2007 as increases by resources-based firms failed to offset major declines in R&D outlays by Ontario-based manufacturers, according to a new report from Statistics Canada.