The forecasted business enterprise expenditure on R&D in engineering and technology in Canada shows a consistent upward trend from 2024 to 2028, rising from 13.93 billion USD in 2024 to 14.78 billion USD by 2028. This represents a compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for include potential influences of emerging technologies such as AI and clean tech, governmental policies supporting R&D, and evolving economic conditions that might impact funding. Keeping an eye on these factors will help anticipate shifts in expenditure trajectories in subsequent years.
