The business enterprise expenditure on R&D performed in high and medium-high R&D intensive industries in Canada is projected to decline from 2024 to 2028. Starting with 15.55% of Total BERD in 2024, it is expected to decrease each year, reaching 13.95% by 2028. The percentage declines year-on-year from 2025 through 2028 reflect a noteworthy downward trend. Compared to historical levels, this indicates a gradual reduction in prioritizing R&D investments within these industries.
Future trends to watch for include:
- The impact of emerging technologies on R&D strategies.
- Shifts in government policies affecting R&D spending.
- Global economic influences on Canadian R&D funding priorities.
