A trade war with the US will hinder economic performance in Canada this year. Ad spending overall is expected to lose the momentum gained in 2024. But many digital formats will benefit from the emphasis on return on ad spending.
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?
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