Ad spending growth in Canada will slow in 2025 due to the economic uncertainty of a potentially protracted trade war with the US. Inflation and industry-specific direct hits will be a drag on the economy. Consequently, advertisers will handle budgets more tightly. But the broader shifts in Canada’s ad market that were evident in previous years still apply.
Key Question: How will key ad markets in Canada—digital, connected TV, and retail media—perform amid economic uncertainty and the trade war?
Key Stat: Digital will make up 76.7% of total ad spending in 2025.
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