Thank you very much, Mr. Chair, and I appreciate getting started. I'm going to start with Ms. Cobden of the FPAC.
I'm sure you're surprised given the large forestry area in my riding as well as one of the large mills that actually take advantage of the biotextile market as well.
In your submission, you talk about the $60 million over five years to expand and accelerate university research. As you know, in our last budget we created the $1.5 billion Canada first research excellence fund to help post-secondary research institutions leverage those key strengths. I'm wondering if there is potentially an overlap of these funds here or whether that is something that could be complementary to the ask that you have.