I think there has been some very good work done at a number of levels over the last few years to look at Canada's research and innovation space. I think of the Jenkins report and of the Council of Canadian Academies report on Canada's place in the research ecosystem. What they talk about is a clarity of mandate and a clarity of purpose, and those are things we would support.
We have to acknowledge that the granting councils, like every other public agency, have really been under scrutiny to reduce their costs and deliver effective and efficient programs, and they come out at the top of their class in terms of the quality of their work and the efficiency of their administration. We have to acknowledge that the government has largely protected those investments. But given the number of faculty and the number of graduate students, now is the time to make significant, sustained investments at the rate of growth of the economy.