In 2023, business enterprise expenditure on R&D in social sciences, humanities, and the arts in Canada was around 23.5 million CAD. The forecast for 2024 indicates growth to 24 million CAD, with a slight increase year-on-year to 25 million CAD by 2025 and steady through 2027, before rising again to 26 million CAD in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is modest, suggesting stable investment patterns.

Future trends to watch for:

Increased emphasis on interdisciplinary research could boost spending.
Government and industry partnerships may drive growth in these sectors.
Digital transformation and technological advancements could encourage further investment.