Meta Ads averages $1.05 CPC and $7.41 CPM. LinkedIn Ads averages $6.18 CPC and $34.20 CPM. Analysis for Canada in 2026.
Canada is a smaller but disproportionately mature digital ad market, with digital share of total media spend tracking close to US levels. Google and Meta dominate, but Canadian advertisers contend with two important wrinkles: French-language obligations in Quebec (Bill 96 enforcement has tightened) and CASL, one of the world's strictest anti-spam laws. CPMs typically run 5-10% below the US, reflecting a smaller auction pool and lower absolute population. The market is also unusually concentrated geographically — Toronto, Montreal, and Vancouver account for the majority of high-value commercial audiences, which makes geo-targeting more efficient than national campaigns for most verticals.
Facebook and Instagram advertising - highly targetable social ads
B2B professional network advertising - premium pricing
The auction, the creative, the budget floor — the three things you actually need to know before picking a platform.
Meta (Facebook + Instagram) runs an auction across Feed, Stories, Reels, Marketplace, and Audience Network. You optimize for a conversion event; Meta's algorithm decides bid and placement. Effective CPM is $6–12, effective CPC $0.80–1.50 depending on optimization goal and vertical.
Feed: 1:1 (1080×1080), 4:5 portrait (1080×1350). Reels/Stories: 9:16 (1080×1920). Video 15–60s. Carousel supports 10 cards. Copy ~125 chars before the truncate. Creative fatigue is the #1 cost driver — refresh every 2–3 weeks.
The algorithm needs ~50 conversion events per week per ad set to exit learning phase. For a $30 CPA that's ~$1,500/week or $6K/month per campaign. Below that, performance is a lottery.
LinkedIn Ads auction is priced at a premium ($6–10 CPC, $30–40 CPM) because targeting is by job title, company, and seniority — data that no other platform has natively. Every click is a self-selected B2B audience, which is why B2B marketers accept the CPMs.
Sponsored Content (single image 1200×627 or 1:1, carousel, video 4:5 or 16:9). Message Ads (subject + 500 char body). Text Ads (headline 25 ch + description 75 ch + tiny image). Video 3s–30min but 15–30s wins.
LinkedIn's minimum daily budget is $10/campaign, but to reach signal on Lead Gen Form campaigns you need $75–150/day. Real B2B budgets on LinkedIn run $5K–20K/month.