In 2023, the Business Enterprise R&D Expenditure in the Professional, Scientific, Technical, Administrative, and Support Service sectors in Canada stood at approximately 3.59 billion Canadian dollars. Over the period from 2024 to 2028, forecasts suggest an annual increase, reaching 3.9 billion Canadian dollars by 2028. The year-on-year percentage growth averages around 1.62%, indicating modest yet consistent expansion.
Future trends to watch include:
- Technological advancements driving R&D investments.
- Government policy changes impacting funding and support.
- Global market dynamics influencing domestic R&D priorities.
