Canada Is Demonstrating Commitment To Create Skilled Jobs

10 Aug 2010

As part of Canada’s Economic Action Plan, Canadian Government is investing $600 million to demonstrate its commitment to create jobs and strengthening Canada’s knowledge economy.  The federal government will invest in the Canada Foundation for Innovation's (CFI's) Leaders Opportunity Fund (LOF). The fund is designed to help researchers in Quebec and across Canada and promote research excellence while continuing to improve Canada’s long-term competitiveness. Also, new facilities and equipment will be provided to researchers and Universities will have more opportunities to develop and attract top scientists and world’s best researchers.

The LOF is meant to strengthen the capacity of Canadian universities, colleges, research hospitals and not-for-profit research institutions to carry out world-class research and technology development that benefits Canadians. The funding announcement was made today at McGill University in Montreal by the Honourable Gary Goodyear, Minister of State (Science and Technology), and the Honourable Christian Paradis, Minister of Natural Resources.

The funding announcement was made at McGill University in Montreal by the Honourable Gary Goodyear, Minister of State (Science and Technology), and the Honourable Christian Paradis, Minister of Natural Resources.

"Science powers Canada's economy," said Minister of State Goodyear. "This investment will create jobs and improve the quality of life of Canadians. It will also help our universities develop, attract and retain some of the best scientific minds on earth."

Canada's Economic Action Plan is creating new jobs and improving infrastructure at colleges, universities, federal laboratories and research facilities. The government is also introducing additional funding for graduate students and internships and supporting research and technology leadership in Canada.