I would like to begin with Mr. Hamdullahpur.
In your presentation you discuss some of the challenges from a funding perspective in terms of research and granting councils. Federal funding for the tri-councils has not been keeping up with inflation in recent years. Accounting for inflation, SSHRC funding has dropped by more than 10% since 2007. NSERC is down 6.4%, again, accounting for inflation. CIHR is down 7.5%.
What is the impact of these cuts on the ground for the research community? What kind of trade-offs are your members making when it comes to research and innovation to account for that?