The data indicates that Canada's higher education expenditure on R&D as a percentage of GDP is forecasted to remain constant at 0.64% from 2024 to 2028. This stability in expenditure suggests no year-on-year variation or compound annual growth rate (CAGR) over the five-year period, reflecting a steady investment level relative to the country's GDP.

Future trends to watch for include:

Potential policy changes that could affect R&D funding levels.
Shifts in GDP growth, which could impact the proportional value of these investments.
Impacts of technological advancements and global economic conditions on R&D priorities.