Early estimates reveal a decline in research and development expenditures in 2021, following increases in 2019 and 2020
Early estimates of Canada's gross domestic expenditures on research and development for 2021 indicate that spending declined 1.4% to $40.1 billion. This decrease was driven by an 8.7% reduction in funding by the federal government, which follows a slight increase of 0.7% in 2020 which was also mainly attributed to the federal government. Of the remaining funding sectors, only the business enterprise sector is anticipated to have had a decrease in spending in 2020 (-3.1%).
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