Canada. Spending on Research and Development expected to increase

Total spending on research and development (R&D) in Canada is expected to amount to $29.9 billion in 2009. This is an anticipated 1.2% increase ...

Total spending on research and development (R&D) in Canada is expected to amount to $29.9 billion in 2009. This is an anticipated 1.2% increase over the previous year, according to preliminary data collected to-date for 2008.

Spending by the business enterprise sector is expected to increase 1% to $16.1 billion, accounting for 54% of total R&D expenditures.

The higher education sector continues to rank in second place, with anticipated spending at $10.4 billion, representing 35% of the total.

In terms of R&D funding, the business enterprise sector is expected to provide $14.2 billion in R&D funds, up 1% from 2008. This will represent nearly one-half (48%) of total R&D funding.

The federal government, the second largest source of funding, anticipates its funding to rise 2.2% to $5.7 billion.

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