Posted November 01, 2018 05:08:23 The future of intellectual endeavour is looking bright for many Canadians, with the growing number of companies vying to become the backbone of a new economy.
The top five industries for which Canadian research and development dollars have been invested since the mid-1990s are all in the information technology sector, according to a new report by the Centre for International Governance Innovation (CIHI).
There are many other emerging and innovative industries that have also seen the greatest growth.
Among them is digital content, which will account for roughly one-third of the Canadian economy in 2026, and digital and mobile advertising, which are the next big sectors to develop, the CIHI said.
In Canada, the report found that Canadian companies have already surpassed the US and UK as the world’s most-productive companies.
The CIHI report is part of the CIHQ Research Report series, a comprehensive report on innovation and business strategy.
Its focus is on the top five sectors for which research and investment dollars have flowed in recent years, the first two being information technology and information services.
CIHI director of economic and policy analysis Bruce Anderson said that although there have been significant strides in the past 10 years, Canada’s economic outlook is not quite where it needs to be.
“We have a long way to go, but we’re on track to catch up,” he said.
CIHQ says Canada will continue to be the top research and innovation destination in the world by 2026.
Anderson said Canada has already made significant strides on this front.
In the past decade, Canada has expanded its research and research funding, he said, noting that Canada has increased its investments in science and innovation research.
“This is a positive development, because the Canadian research sector has had a positive impact on Canada’s global competitiveness and our competitiveness in the global economy,” Anderson said.
“Canadian researchers are the world leaders in the field of research and technology and in the international arena.”
The CIHQ report is based on CIHI’s annual review of Canada’s investment in science, technology and innovation.
In 2018, Canada committed to spending $6 billion on research and $4.7 billion on other research and related activity.
“Canada has made substantial strides in its research investments over the past four years,” said CIHI President Peter Collard.
“The CIHQ Report on Innovation and Economic Growth in Canada reflects Canada’s leadership in this space.”
Canada is a leader in research and its investment is expected to increase over the next decade, he added.
“Our country continues to lead the world in innovation and research investment and Canada is now one of the most innovative countries in the OECD,” Collard said.
The report is the latest in a series that examines the economic and economic policy of Canada and examines the role of intellectual property rights and other aspects of the economy.
“I believe that the future is bright for Canada’s research sector, and it is critical to understand how we can shape that future,” said Anderson.
CIHI has been tracking the economic impact of Canada on innovation, with a focus on the United States and UK, since the early 1990s.
CIHS International Economic Survey (CIHSIS) also provides a comprehensive look at Canadian innovation.
The survey has tracked the growth of Canada as a nation for the past 15 years.
The latest report comes as Canada has seen a surge in the number of Canadian companies entering the digital advertising space, which is predicted to become one of Canadas most important industries in the next few years.
CIHEA is Canada’s largest academic research group, with more than 30,000 researchers working on topics ranging from economics to business and government.
Its research has been published in more than 100 journals, including Science, Nature, the Lancet and others.
The group was founded in 1988 and now operates out of a campus in Calgary, Alberta.