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BCE maintains second spot for research spending, despite 13.6% decline

News | 10/29/2008 6:38 pm EDT

Research spending by Canada’s two largest telcos dropped sharply in 2007, despite healthy profits, according to the latest top 100 list of industrial research and development (R&D) spenders. And the survey’s author warns things will likely only get worse as research-intensive companies look for ways to reign in expenditures in response to a worsening global financial crisis.

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