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)

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