COU Statement: 2016 Federal Budget recognizes value of strong postsecondary institutions to Canada

“The federal government has signaled in the 2016 Budget its belief that investing in students and research and innovation is key to well-being and prosperity in today’s and tomorrow’s knowledge-based economy.

Ontario universities thank Prime Minister Trudeau and Finance Minister Morneau for an economic plan that draws on the power of a university-educated population to help build a strong, revitalized economy for all Canadians.

Our graduates and their ability to innovate, along with the world-class university research they conduct, is a valuable resource in helping build stronger communities and a stronger Canada.

The new $2-billion Postsecondary Institutions Strategic Investment Fund will provide critical funding to enhance and modernize our research and commercialization facilities.

The additional $95 million annual boost for Canada’s research granting councils recognizes the fundamental role of research in an innovative society. That investment will keep top talent at Ontario’s universities, where they will carry out the innovative research that is so vital to the health, prosperity and quality of life of all Canadians.

Enhancing the Canada Student Loans Program will make postsecondary education more affordable and open up new opportunities for those from low-income families, and ensure graduates can manage debt as they transition into the workforce.

University students will also benefit from the work of the new Postsecondary Industry Partnership and Co-operative Placement Initiative to expand work-integrated learning.

We thank Minister Morneau also for investing in education for Canada’s Indigenous Peoples. Indigenous learners are achieving greater success for themselves, their families and their communities at Ontario universities in increasing numbers, and it is our hope that more Indigenous youth will see the benefit of higher education if they are given more opportunities in primary and secondary schools.

The 2016 Federal Budget recognizes the value to Canada of strong postsecondary institutions, and Ontario universities are working to ensure their graduates are leading contributors to a strong economy.”

David Lindsay


David Lindsay
President and CEO
Council of Ontario Universities

In the News

Thomson Reuters to Add Up to 1,500 Jobs in Toronto October 11, 2016

Thomson Reuters says it plans to add 1,500 more jobs to its Toronto location, partly because of the software skills of the graduates of Ontario universities.

Read more
Separating science from innovation: An important task October 3, 2016

It is uncommon today to hear universities accused of being ivory towers. But it remains true that they have a special function, and that function, the pursuit of knowledge, needs protecting.

Read more
Brock prof says The Tragically Hip bringing Canada together August 19, 2016

The Tragically Hip’s final concert tour has been less emotional than a Brock University pop culture professor expected. Instead, the iconic Canadian band is doing what it does best: putting on amazing shows, writes Dan Dakin of Brock News.

Read more

Learn more about