The forecast for higher education R&D expenditure in Canada indicates a consistent decline with a CAGR of approximately -2.9% from 2024 to 2028, starting from a negative change of 2.3% in 2024 and increasing negativity to 3.46% by 2028. This trend suggests ongoing reductions in funding or spending towards R&D in higher education over the next five years, reflective of either budget constraints or shifts in policy priorities.

Future trends to watch for:

Potential policy changes that could either exacerbate or mitigate this decline.
Economic factors that might influence government or private investments in academic research.
The overall global competition in R&D which may force a strategic recalibration.