In 2023, rail passenger-kilometers in Canada stood at 1.732 billion. The forecasted passenger-kilometers are expected to reach 1.756 billion in 2024, marking a year-on-year increase of 1.39%. The upward trend continues with values of 1.782 billion in 2025 (+1.48%), 1.8077 billion in 2026 (+1.44%), 1.8332 billion in 2027 (+1.41%), and 1.8584 billion in 2028 (+1.37%). Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is projected to be approximately 1.42%.
Future trends to watch for include advancements in rail technology, increased governmental investment in public transportation, and potential shifts in passenger behavior due to environmental concerns, which may further impact growth rates.
