Canada’s Top 100 Corporate R&D Spenders 2020
Top Corporate R&D Spenders by Tier - Winners Circle
| 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)