In 2023, the Business Enterprise Expenditure on R&D in Canada stood at 0.86% of GDP. From 2024 to 2028, forecasts suggest that this proportion will remain unchanged at 0.86% of GDP annually. This static outlook signals no projected change in the business sector's investment intensity in R&D relative to economic output over the forecast period.

Future trends to watch for:

Potential policy changes or government incentives that could alter business R&D spending.
Shifts in sectoral focus, particularly towards technology and green innovation, which might impact R&D investments.
Economic fluctuations that could influence GDP growth and, consequently, the R&D spending ratio.