Key Takeaways
- In 2023, Canada's total advertising revenue reached CAD 12.5 billion, marking a 7.2% year-over-year growth driven by digital channels
- Advertising expenditure per capita in Canada stood at CAD 312 in 2023, up from CAD 295 in 2022
- The Canadian ad market is projected to grow at a CAGR of 5.8% from 2024 to 2028, reaching CAD 15.2 billion by 2028
- Digital advertising captured 68.4% of total ad spend in 2023 at CAD 8.55 billion
- Programmatic advertising accounted for 52.1% of digital ad spend, equating to CAD 4.45 billion in 2023
- Social media ad revenue hit CAD 3.2 billion in 2023, up 12.7% YoY, led by Facebook and Instagram
- TV advertising spend totaled CAD 2.1 billion in 2023, down 3.2% YoY
- Radio advertising revenue was CAD 1.05 billion in 2023, declining 2.8% from 2022
- Newspaper print ad revenue fell to CAD 450 million in 2023, a 7.1% drop
- Retail sector led ad spend with CAD 2.45 billion in 2023, 19.6% of total market
- Financial services advertising totaled CAD 1.38 billion in 2023, up 6.9% YoY
- Automotive industry ad spend reached CAD 1.12 billion in 2023, driven by EV promotions
- 68.2% of Canadian consumers noticed online ads daily in 2023 survey
- Ad recall rate for digital video ads was 47.3% vs 32.1% for static banners in 2023
- 55.4% of Canadians used ad blockers in 2023, highest among 25-34 age group at 62.7%
Canada's advertising industry is experiencing strong digital-driven growth and healthy future projections.
Advertising by Industry Sector
Advertising by Industry Sector Interpretation
Consumer Insights & Effectiveness
Consumer Insights & Effectiveness Interpretation
Digital Advertising Trends
Digital Advertising Trends Interpretation
Market Size & Revenue
Market Size & Revenue Interpretation
Traditional Media Spend
Traditional Media Spend Interpretation
Sources & References
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