graphic from "Innovation" section of 2017 federal budgetThe 2017 federal budget reflects the vital role of the country’s universities in growing prosperity and improving quality of life for all Canadians.

Federal budget praised for investment in students and innovation

Universities Canada says the 2017 budget released Wednesday by federal Finance Minister Bill Morneau reflects the vital role of the country’s universities in growing prosperity and improving quality of life for all Canadians.

“The federal government is strategically investing in people and ideas to build a more prosperous Canada,” says Elizabeth Cannon, chair of Universities Canada. “Today’s support for university talent will help Canada become a model for the world in inclusive innovation.”

In its response to the budget announcement, the organization noted:

  • $117.6 million over eight years to fund 25 Canada 150 Research Chairs, attracting top researchers from around the world;
  • $221 million over five years to provide 10,000 work-integrated learning placements for Canadian postsecondary students and graduates each year;
  • $90 million in increased funding to the Post-Secondary Student Support Program;
  • $5 million per year for five years in new funding to Indspire, an Indigenous-led organization delivering postsecondary scholarships and bursaries for First Nations, Inuit and Métis students; and
  • $225 million over four years to establish a new organization to support skills development and measurement in Canada.

Read the entire release, entitled Investments in students and innovation will build Canada’s prosperity. Universities Canada has also produced a document highlighting relevant budget items; read it here.