Thank you, Mr. Chairman. Welcome to our witnesses.
My first question will go to Mr. Davidson. Welcome to the committee.
You state, and I think everyone on both sides of the committee will agree, that Canada's universities are recognized as some of the top universities around the world. I don't think there's any question about that. You highlight that indirect costs of research are a barrier to maximizing Canada's potential.
Do you have specific recommendations on how the government can address this? And what impact would they have, first of all on students and second on the government?