Top Corporate R&D Spenders by Tier FY2019
|
R&D Spending
Rank |
Tier 1 |
$000 |
1 |
Magna International Inc. |
$849,216 |
2 |
Suncor Energy Inc. |
$830,000 |
3 |
Constellation Software Inc. |
$701,930 |
|
Rank |
Tier 2 |
$000 |
1 |
Novelis Inc. (fs) |
$95,537 |
2 |
Linamar Corporation |
$87,149 |
3 |
Evertz Technologies Limited |
$85,823 |
|
Rank |
Tier 3 |
$000 |
1 |
Rio Tinto Iron & Titanium Inc. (fs) |
$29,637 |
2 |
Lightspeed POS Inc. |
$27,171 |
3 |
BELLUS Health Inc. |
$26,119 |
R&D Spending Growth (% Change 2018-2019)
Rank |
Tier 1 |
% |
1 |
Zymeworks Inc. |
109.6 |
2 |
Canadian Natural Resources Limited |
78.5 |
3 |
TELUS Corporation |
72.6 |
|
Rank |
Tier 2 |
% |
1 |
Acasti Pharma Inc. |
142.3 |
2 |
Teck Resources Limited |
91.4 |
3 |
Titan Medical Inc. |
60.3 |
|
Rank |
Tier 3 |
% |
1 |
Canopy Growth Corp |
948.7 |
2 |
Aurora Cannabis Inc. |
780.2 |
3 |
BELLUS Health Inc. |
263.5 |
R&D Intensity* (R&D Spending as % of Revenue)
Rank |
Tier 1 |
% |
1 |
Zymeworks Inc. |
392.7 |
2 |
BlackBerry Limited |
24.9 |
3 |
Shopify Inc. |
22.5 |
|
Rank |
Tier 2 |
% |
1 |
Liminal BioSciences Inc. |
1,543.4 |
2 |
Arbutus Biopharma Corporation |
1,322.6 |
3 |
Optiva Inc. |
29.1 |
|
Rank |
Tier 3 |
% |
1 |
POET Technologies Inc. |
175.3 |
2 |
NexJ Systems Inc. |
54.6 |
3 |
Mediagrif Interactive Technologies Inc. |
30.6 |
Notes:
1. R&D Spending Tiers: Tier 1 = $100 million or more of R&D spending, Tier 2 = $30 million-$99.9 million, Tier 3 = less than $30 million.
*Based on companies with $2 million or more of revenue fs = Foreign subsidiary (included revenue and R&D spending for Canadian operations only)