In 2023, higher education expenditure on R&D in Canada recorded a value of -4.44. The forecasted values from 2024 to 2028 suggest a continuous decline, with an annual descent ranging from -4.66 in 2024, each year decreasing until -5.54 by 2028.

The year-on-year analysis indicates a steady decrease, reflecting a consistent reduction in R&D expenditure. The Compound Annual Growth Rate (CAGR) over this forecasted period points to an average annual decline, illustrating a tightening budget scenario for research and development in the higher education sector.

Future trends to watch for:

Impact of policy changes on R&D budgets.
Fluctuations in external funding sources such as governmental grants and private investments.
Technological advancements requiring budget reallocations.