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Canada Bolsters Knowledge Economy

Montréal, Quebec, August 6, 2010 — Researchers in Quebec and across Canada will benefit from new facilities and equipment, and universities will have more opportunities to develop and attract top scientists, thanks to a major investment by the Government of Canada. The announcement was made by the Honourable Gary Goodyear, Minister of State (Science and Technology), and the Honourable Christian Paradis, Minister of Natural Resources, while touring a lab at McGill University.

“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.”

The federal government will invest in the Canada Foundation for Innovation’s (CFI’s) Leaders Opportunity Fund (LOF). The fund is designed to help Canada’s universities continue to attract and retain the world’s best researchers at a time of intense international competition for leading faculty. This funding will enable institutions to strategically set priorities and acquire new infrastructure to support these exceptional researchers and improve labs and facilities.

“In the global economy, knowledge, research and innovation are at the heart of economic growth and success,” said Minister Paradis. “Canada’s Economic Action Plan demonstrates the government’s commitment to creating jobs and strengthening our knowledge economy, here in Montréal and across Canada.”

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