With your sister organizations, such as NSERC, the academies, and CIHR, I agree with you on this. My concern is the way this looks when you say, “cease funding investing in the Canadian Foundation for Innovation (CFI), and instead invest those sums in its funding agencies”. At the moment, most of the CFI money goes to NSERC and CIHR researchers.
This actually just looks like you think you would get some of their pie.