The Higher Education Expenditure on R&D in Canada is on an upward trend, demonstrating consistent growth. In 2023, this expenditure was approximately 16.52 billion Canadian dollars. From 2024 to 2028, the investment is forecasted to increase yearly, culminating in an expenditure of 17.36 billion by 2028. The year-on-year growth percentages from 2024 to 2028 reflect a stable increment pattern, signifying a well-supported focus on research and development in higher education.

Key future trends to watch for include:

Increased government funding and policy changes impacting R&D allocations.
Greater collaboration between universities and the private sector driving innovative research.
Emergence of new technologies requiring attention and funding.
Potential impacts of global economic conditions affecting budget allocations and forecasts.