The forecast for business enterprise R&D expenditure in administrative and support service activities in Canada shows a declining trend from 2024 to 2028. Starting at $100.14 million in 2024, the projected figures slightly decrease year-on-year, reaching $99.23 million by 2028. This represents a minor but consistent reduction in expenditure, with a year-on-year decline of approximately 0.3% to 0.4%. The compound annual growth rate (CAGR) over these five years indicates a modest average decrease annually, signaling a potential slowdown in R&D investment within this sector.

Future trends to watch:

The impact of economic policies and incentives on R&D expenditure.
Changes in the global economy affecting business confidence and willingness to invest in R&D.
Technological advancements and digital transformation driving new R&D opportunities.