Indicators and targets: Global investment

 Jobs and innovation: Tracking progress and results

Investment, scale-up and clean growth

Target: Double research and development (R&D) investment by foreign controlled global firms in Canada to $11.8 billion by 2025

Figure 11.1: Spending on R&D by foreign-owned companies (in $billions)

As anchors for global value chains, multinationals play an important role in growing an innovative economy in Canada. Foreign-owned Canadian companies spent $6.4 billion on R&D in 2014, up from $5.9 billion in 2013, which represents more than one-third of all R&D activity in Canada.

Description of Figure 11.1
Figure 11.1: Spending on R&D by foreign-owned companies (in $billions)
Year US Europe Other Total
2010 $3.6 $2.0 $0.4 $6.0
2011 $3.7 $2.0 $0.5 $6.2
2012 $3.8 $1.9 $0.3 $6.0
2013 $3.7 $1.7 $0.5 $5.9
2014 $4.0 $1.9 $0.5 $6.4

Sources:

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