fail to close gap with previous high

The darker flip side to the state of Canadian S&T is contained in new data showing continued tepid performance by industrial R&D performers. Coming on the heels of a new expert panel assessment of Canadian S&T that shows world class strength in several key research fields (see page 1), Statistics Canada reports that company spending on R&D remains well below the high-water mark of 2007, registering only modest projected gains in 2012.