The forecasted data indicates a declining trend in business enterprise expenditure on R&D in high and medium-high R&D intensive industries in Canada from 2024 to 2028. Starting from 67.9% of BERD performed in manufacturing in 2024, it is expected to decrease annually, reaching 66.3% by 2028. This reflects a steady year-on-year decrease, with an overall negative Compound Annual Growth Rate (CAGR) over the five-year period.
Future trends to watch for:
- Potential shifts in government policy affecting R&D investment.
- Changes in industry technology adoption rates.
- Global economic factors impacting Canadian high and medium-high R&D industries.
