In 2023, the private non-profit expenditure on R&D in natural sciences and engineering in Canada was the baseline for the forecasted values. From 2024 to 2028, these expenditures are projected to increment modestly, indicating a steady annual growth. The forecasted growth rates reflect a year-on-year increase of 1.43% from 2024 to 2025, 1.41% from 2025 to 2026, 0.69% from 2026 to 2027, and 1.38% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is approximately 1.38%, denoting a consistent but moderate increase in investments in this sector.

Future trends to watch for include:

The impact of government policies encouraging innovation and research in green and sustainable technologies, which could influence funding flows.
Potential shifts in global economies or political landscapes that may alter private non-profit funding priorities or capacities.
Technological advancements that could open new research opportunities, thereby affecting expenditure strategies.