| Rank |
Company |
R&D Expenditures |
Revenue |
Research
Intensity |
Industry Sector |
| 2003 |
2002 |
FY2003
$000 |
FY2002
$000 |
%Change
2002-2003 |
FY2003
$000 |
R&D as
% of
Revenue** |
| 1 |
1 |
Nortel Networks Corporation* (e) |
$2,788,985 |
$3,501,992 |
-20.4 |
$13,748,715 |
20.3 |
Comm/telecom equipment |
| 2 |
6 |
Bell Canada |
$1,000,000 |
$830,000 |
20.5 |
$16,698,000 |
6.0 |
Telecommunications services |
| 3 |
2 |
Magna International Inc.* |
$630,675 |
$574,766 |
9.7 |
$21,506,018 |
2.9 |
Automotive |
| 4 |
3 |
Pratt & Whitney Canada Corp. (fs) |
$423,000 |
$428,000 |
-1.2 |
$2,100,000 |
20.1 |
Aerospace |
| 5 |
7 |
ATI Technologies Inc.* |
$328,959 |
$286,361 |
14.9 |
$1,941,488 |
16.9 |
Computer equipment |
| 6 |
5 |
IBM Canada Ltd. (fs)(e) |
$322,400 |
$315,300 |
2.3 |
$5,275,000 |
6.1 |
Software and computer services |
| 7 |
9 |
Ericsson Canada Inc. (fs) |
$232,000 |
$201,000 |
15.4 |
$519,000 |
44.7 |
Comm/telecom equipment |
| 8 |
10 |
Alcan Inc.* |
$196,210 |
$180,596 |
8.6 |
$19,116,460 |
1.0 |
Mining and metals |
| 9 |
8 |
Bombardier Inc. |
$188,000 |
$284,600 |
-33.9 |
$21,321,000 |
0.9 |
Aerospace |
| 10 |
12 |
Atomic Energy of Canada Limited |
$155,785 |
$161,936 |
-3.8 |
$571,155 |
27.3 |
Primary energy |
| 11 |
13 |
Apotex Inc. |
$153,621 |
$153,217 |
0.3 |
$834,688 |
18.4 |
Pharmaceuticals/biotechnology |
| 12 |
11 |
Ballard Power Systems Inc.* |
$145,564 |
$178,611 |
-18.5 |
$167,572 |
86.9 |
Primary energy |
| 13 |
15 |
Creo Inc.* |
$144,768 |
$138,903 |
4.2 |
$810,120 |
17.9 |
Software and computer services |
| 14 |
14 |
Pfizer Canada Inc. (fs) |
$143,435 |
$151,979 |
-5.6 |
$1,515,488 |
9.5 |
Pharmaceuticals/biotechnology |
| 15 |
18 |
GlaxoSmithKline Inc. (fs) |
$131,718 |
$122,232 |
7.8 |
$1,095,036 |
12.0 |
Pharmaceuticals/biotechnology |
| 16 |
17 |
Zarlink Semiconductor Inc.* |
$124,453 |
$131,128 |
-5.1 |
$271,611 |
45.8 |
Comm/telecom equipment |
| 17 |
28 |
Biovail Corporation* |
$121,328 |
$81,896 |
48.1 |
$1,154,446 |
10.5 |
Pharmaceuticals/biotechnology |
| 18 |
19 |
Merck Frosst Canada & Co. (fs) |
$116,063 |
$120,987 |
-4.1 |
$868,788 |
13.4 |
Pharmaceuticals/biotechnology |
| 19 |
20 |
CAE Inc. |
$115,033 |
$117,344 |
-2.0 |
$1,130,500 |
10.2 |
Aerospace |
| 20 |
23 |
Aventis Pasteur Limited (fs) |
$112,000 |
$105,746 |
5.9 |
$101,000 |
110.9 |
Pharmaceuticals/biotechnology |
| 21 |
21 |
Cognos Incorporated* |
$109,461 |
$117,174 |
-6.6 |
$772,277 |
14.2 |
Software and computer services |
| 22 |
16 |
PMC Sierra, Ltd. (fs) |
$99,072 |
$131,284 |
-24.5 |
$171,442 |
57.8 |
Electronic parts and components |
| 23 |
24 |
Hydro-Québec |
$99,000 |
$102,100 |
-3.0 |
$11,425,000 |
0.9 |
Electrical power and utilities |
| 24 |
27 |
MDS Inc. |
$92,000 |
$85,000 |
8.2 |
$1,799,000 |
5.1 |
Health services |
| 25 |
29 |
Research In Motion Limited* |
$91,030 |
$77,761 |
17.1 |
$429,885 |
21.2 |
Comm/telecom equipment |
| 26 |
25 |
AstraZeneca Canada Inc. (fs) |
$90,569 |
$96,952 |
-6.6 |
$1,016,237 |
8.9 |
Pharmaceuticals/biotechnology |
| 27 |
|
Honeywell (fs) |
$77,980 |
$50,470 |
54.5 |
$1,144,100 |
6.8 |
Aerospace |
| 28 |
22 |
Tembec Inc. |
$76,000 |
$111,481 |
-31.8 |
$3,346,100 |
2.3 |
Forest and paper products |
| 29 |
26 |
Geac Computer Corporation Limited |
$68,256 |
$94,192 |
-27.5 |
$623,667 |
10.9 |
Software and computer services |
| 30 |
35 |
NOVA Chemicals Corporation* |
$63,068 |
$61,246 |
3.0 |
$5,534,524 |
1.1 |
Chemicals and materials |
| 31 |
33 |
Imperial Oil Limited |
$63,000 |
$64,000 |
-1.6 |
$19,094,000 |
0.3 |
Oil and gas |
| 32 |
32 |
QLT Inc.* |
$62,871 |
$66,745 |
-5.8 |
$205,670 |
30.6 |
Pharmaceuticals/biotechnology |
| 33 |
|
Wyeth Pharmaceuticals (fs) |
$61,652 |
$55,711 |
10.7 |
$452,496 |
13.6 |
Pharmaceuticals/biotechnology |
| 34 |
33 |
Aventis Pharma Inc. (fs) |
$59,000 |
$64,000 |
-7.8 |
$509,000 |
11.6 |
Pharmaceuticals/biotechnology |
| 35 |
42 |
Janssen-Ortho Inc. (fs) |
$58,318 |
$41,288 |
41.2 |
$598,058 |
9.8 |
Pharmaceuticals/biotechnology |
| 36 |
30 |
EnCana Corporation* |
$56,060 |
$76,000 |
-26.2 |
$14,317,724 |
0.4 |
Oil and gas |
| 37 |
37 |
Hummingbird Ltd.* |
$52,991 |
$54,898 |
-3.5 |
$269,905 |
19.6 |
Software and computer services |
| 38 |
39 |
Syncrude Canada Ltd. |
$50,400 |
$52,300 |
-3.6 |
$3,300,000 |
1.5 |
Oil and gas |
| 39 |
59 |
Genpharm Inc. (fs) |
$50,338 |
$28,900 |
74.2 |
$407,047 |
12.4 |
Pharmaceuticals/biotechnology |
| 40 |
51 |
Novartis Pharmaceuticals Canada Inc. (fs) |
$50,053 |
$35,000 |
43.0 |
nd |
|
Pharmaceuticals/biotechnology |
| 41 |
45 |
TELUS Corporation |
$47,500 |
$40,000 |
18.8 |
$7,146,000 |
0.7 |
Telecommunications services |
| 42 |
31 |
BCE Emergis Inc. |
$46,200 |
$74,300 |
-37.8 |
$315,700 |
14.6 |
Telecommunications services |
| 43 |
71 |
AEterna Laboratories Inc. |
$45,347 |
$26,062 |
74.0 |
$166,413 |
27.2 |
Pharmaceuticals/biotechnology |
| 44 |
44 |
Westport Innovations Inc. |
$45,329 |
$40,100 |
13.0 |
$24,635 |
184.0 |
Transportation |
| 45 |
131 |
MacDonald, Dettwiler and Associates Ltd. |
$45,124 |
$45,453 |
-0.7 |
$626,476 |
7.2 |
Aerospace |
| 46 |
36 |
Motorola Canada Limited (fs) |
$45,000 |
$54,900 |
-18.0 |
$975,000 |
4.6 |
Comm/telecom equipment |
| 47 |
52 |
Precision Drilling Corporation |
$42,419 |
$34,862 |
21.7 |
$1,917,933 |
2.2 |
Primary energy |
| 48 |
40 |
Hyperchip Inc.* |
$41,710 |
$52,007 |
-19.8 |
$0 |
|
Comm/telecom equipment |
| 49 |
49 |
Open Text Corporation* |
$41,098 |
$37,801 |
8.7 |
$249,082 |
16.5 |
Software and computer services |
| 50 |
43 |
Eli Lilly Canada Inc. (fs) |
$39,995 |
$40,895 |
-2.2 |
$482,413 |
8.3 |
Pharmaceuticals/biotechnology |
| 51 |
67 |
Inco Limited* |
$37,841 |
$26,697 |
41.7 |
$3,467,311 |
1.1 |
Mining and metals |
| 52 |
50 |
Leitch Technology Corporation |
$36,760 |
$37,353 |
-1.6 |
$179,981 |
20.4 |
Comm/telecom equipment |
| 53 |
63 |
Gennum Corporation |
$35,285 |
$27,671 |
27.5 |
$125,433 |
28.1 |
Electronic parts and components |
| 54 |
60 |
Celestica Inc.* |
$33,636 |
$28,581 |
17.7 |
$9,439,523 |
0.4 |
Electronic parts and components |
| 55 |
73 |
Husky Injection Molding Systems Ltd.* |
$33,216 |
$25,126 |
32.2 |
$1,143,136 |
2.9 |
Machinery |
| 56 |
97 |
ID Biomedical Corporation |
$31,568 |
$15,215 |
107.5 |
$6,839 |
461.6 |
Pharmaceuticals/biotechnology |
| 57 |
61 |
SR Telecom Inc. |
$31,499 |
$28,555 |
10.3 |
$127,881 |
24.6 |
Comm/telecom equipment |
| 58 |
53 |
Inex Pharmaceuticals Corporation |
$31,024 |
$34,108 |
-9.0 |
$3,543 |
875.6 |
Pharmaceuticals/biotechnology |
| 59 |
48 |
Bayer Inc. (fs) |
$28,971 |
$37,935 |
-23.6 |
$679,091 |
4.3 |
Pharmaceuticals/biotechnology |
| 60 |
154 |
Labopharm Inc. |
$26,005 |
$11,266 |
130.8 |
$622 |
|
Pharmaceuticals/biotechnology |
| 61 |
58 |
MOSAID Technologies Incorporated |
$25,754 |
$30,549 |
-15.7 |
$37,067 |
69.5 |
Comm/telecom equipment |
| 62 |
72 |
Westaim Corporation |
$25,678 |
$25,692 |
-0.1 |
$17,285 |
148.6 |
Electronic parts and components |
| 63 |
81 |
Noranda Inc.* |
$25,227 |
$21,000 |
20.1 |
$6,526,786 |
0.4 |
Mining and metals |
| 64 |
85 |
Cangene Corporation |
$24,600 |
$18,800 |
30.9 |
$182,602 |
13.5 |
Pharmaceuticals/biotechnology |
| 65 |
69 |
Theratechnologies Inc. |
$24,255 |
$26,613 |
-8.9 |
$197 |
|
Pharmaceuticals/biotechnology |
| 66 |
55 |
ConjuChem Inc. |
$24,204 |
$32,634 |
-25.8 |
$171 |
|
Pharmaceuticals/biotechnology |
| 67 |
66 |
EXFO Electro-Optical Engineering Inc.* |
$24,012 |
$26,705 |
-10.1 |
$86,795 |
27.7 |
Comm/telecom equipment |
| 68 |
65 |
Sierra Wireless, Inc.* |
$23,084 |
$26,767 |
-13.8 |
$142,545 |
16.2 |
Electronic parts and components |
| 69 |
68 |
Pivotal Corporation* |
$22,980 |
$26,639 |
-13.7 |
$78,592 |
29.2 |
Software and computer services |
| 70 |
78 |
Tundra Semiconductor Corporation |
$22,745 |
$21,696 |
4.8 |
$34,018 |
66.9 |
Electronic parts and components |
| 71 |
88 |
CGI Group Inc. |
$22,036 |
$17,609 |
25.1 |
$2,719,695 |
0.8 |
Software and computer services |
| 72 |
103 |
Vasogen Inc. |
$21,930 |
$12,973 |
69.0 |
$0 |
|
Pharmaceuticals/biotechnology |
| 73 |
76 |
Aastra Technologies Limited |
$21,713 |
$23,058 |
-5.8 |
$191,662 |
11.3 |
Comm/telecom equipment |
| 74 |
|
Psion Teklogix Inc. (fs) |
$21,408 |
$19,417 |
10.3 |
$295,145 |
7.3 |
Software and computer services |
| 75 |
47 |
Descartes Systems Group Inc.* |
$21,335 |
$38,461 |
-44.5 |
$98,642 |
21.6 |
Software and computer services |
| 76 |
77 |
Xerox Canada Inc. (fs) |
$21,137 |
$22,874 |
-7.6 |
$1,216,722 |
1.7 |
Machinery |
| 77 |
93 |
Angiotech Pharmaceuticals, Inc. |
$21,027 |
$16,311 |
28.9 |
$27,798 |
75.6 |
Pharmaceuticals/biotechnology |
| 78 |
90 |
General Electric Canada Inc. (fs) |
$21,000 |
$17,176 |
22.3 |
$1,909,265 |
1.1 |
Other manufacturing |
| 78 |
46 |
Ontario Power Generation Inc. |
$21,000 |
$39,000 |
-46.2 |
$5,178,000 |
0.4 |
Electrical power and utilities |
| 80 |
54 |
Stressgen Biotechnologies Corporation |
$20,865 |
$33,675 |
-38.0 |
$13,419 |
155.5 |
Pharmaceuticals/biotechnology |
| 81 |
64 |
CMC Electronics Inc. |
$20,700 |
$27,400 |
-24.5 |
$345,061 |
6.0 |
Comm/telecom equipment |
| 82 |
|
Rogers Wireless Communications Inc. |
$20,000 |
$17,300 |
15.6 |
$2,282,200 |
0.9 |
Telecommunications services |
| 83 |
82 |
DALSA Corporation |
$19,874 |
$20,686 |
-3.9 |
$136,750 |
14.5 |
Electronic parts and components |
| 84 |
57 |
GSI Lumonics Inc.* |
$19,474 |
$32,105 |
-39.3 |
$260,064 |
7.5 |
Electronic parts and components |
| 85 |
96 |
Neurochem Inc. |
$18,782 |
$15,304 |
22.7 |
$0 |
|
Pharmaceuticals/biotechnology |
| 86 |
86 |
Financial Models Company Inc. |
$18,519 |
$18,660 |
-0.8 |
$76,320 |
24.3 |
Software and computer services |
| 87 |
104 |
Falconbridge Limited* |
$18,278 |
$12,941 |
41.2 |
$2,919,997 |
0.6 |
Mining and metals |
| 88 |
121 |
Cardiome Pharma Corp. |
$17,004 |
$10,147 |
67.6 |
$6,047 |
281.2 |
Pharmaceuticals/biotechnology |
| 89 |
100 |
Axcan Pharma Inc.* |
$16,955 |
$13,906 |
21.9 |
$250,986 |
6.8 |
Pharmaceuticals/biotechnology |
| 90 |
74 |
World Heart Corporation |
$16,802 |
$29,484 |
-43.0 |
$9,492 |
177.0 |
Medical devices and instrumentation |
| 91 |
56 |
Hemosol Inc. |
$16,590 |
$32,444 |
-48.9 |
$0 |
|
Pharmaceuticals/biotechnology |
| 92 |
92 |
Micrologix Biotech Inc. |
$15,783 |
$16,322 |
-3.3 |
$8,631 |
182.9 |
Pharmaceuticals/biotechnology |
| 93 |
|
Teranet Inc. |
$15,700 |
$17,800 |
-11.8 |
$170,300 |
9.2 |
Software and computer services |
| 94 |
89 |
Stuart Energy Systems Corporation |
$15,109 |
$17,250 |
-12.4 |
$6,519 |
231.8 |
Primary energy |
| 95 |
159 |
Petro-Canada |
$15,000 |
$6,000 |
150.0 |
$12,209,000 |
0.1 |
Oil and gas |
| 95 |
87 |
Rio Tinto Iron & Titanium Inc. (fs) |
$15,000 |
$18,000 |
-16.7 |
$760,000 |
2.0 |
Mining and metals |
| 95 |
98 |
Suncor Energy Inc. |
$15,000 |
$15,000 |
0.0 |
$6,300,000 |
0.2 |
Primary energy |
| 98 |
79 |
Royal Group Technologies Limited |
$14,985 |
$21,688 |
-30.9 |
$1,885,397 |
0.8 |
Other manufacturing |
| 99 |
95 |
AnorMED Inc. |
$14,957 |
$15,332 |
-2.4 |
$305 |
|
Pharmaceuticals/biotechnology |
| 100 |
62 |
Biomira Inc. |
$14,700 |
$28,304 |
-48.1 |
$3,416 |
430.3 |
Pharmaceuticals/biotechnology |
Notes:
1. We have attempted, wherever possible, to provide gross R&D expenditures before deduction of investment tax credits or government grants.
2. FY2002 R&D expenditure figures may have been adjusted, as more accurate information became available.
3. Canadian-owned company results include worldwide R&D expenditures; foreign subsidiaries (fs) include R&D expenditures for Canadian operations only.
4. We have attempted, wherever possible, to provide revenue figures net of interest and investment income.
|
* = converted to CDN$ at average 2003 = $1.4015, 2002 = $1.5704 (Bank of Canada)
** = $1 million or more of revenue
fs = foreign subsidiary (includes R&D expenditures for Canadian operations)
e = RE$EARCH Infosource Inc. estimate
nd = not disclosed
|
RE$EARCH Infosource Inc. is Canada's source of R&D intelligence for business and higher education. Data used for this table were extracted from our Canadian Corporate R&D Database, a proprietary database. Companies wishing to be included in future editions of the Top 100 List and Database, or who wish to adjust their figures should contact us directly. Additional copies of the Top 100 List are available online at www.researchinfosource.com or by calling or faxing us: Telephone (416) 481-7070 ext. 21; Fax (416) 481-7120.
© RE$EARCH Infosource Inc. 2004
Unauthorized reproduction prohibited
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