Thank you very much.
Maybe I can spend a minute focusing on our innovation agenda, because as we think about what we need to do in the long term in order to be more effective, it will be about creating a more productive and effective economy.
As I mentioned, we put $800 million in the budget over four years to focus on innovation. As you know, I appointed an economic advisory council to look at how we can focus on growth. That will be an important cornerstone of what we hope to achieve for the future of our country.
We started in the budget with a focus on research and universities. We know that putting $2 billion against universities and specifically around innovation and research at universities will help them to tool up and build the capacity to help with research and innovation.
We also recognize that the only way we're going to be effective as a more innovative economy is if we have quality students coming out of our universities. We recognize that for many families, especially low-income and middle-income families, university tuition is a challenge, so we changed the university grants system so they would have a much improved situation. It was moved from $2,000 to $3,000 for the lowest-income Canadians, which will help a quarter of a million low-income Canadians.
Along with building blocks, helping students, and supporting universities in research, we are now looking at what we can do around our innovation agenda in terms of the enablers for networks and clusters. We are considering whether there are measures we can take that will enable us to be more effective, and we are also specifically considering whether we should be targeting how we create the opportunities in regions and in sectors to make a difference. That's what I'm working on with our advisory council. We are looking forward to making a good, long-term difference for the country.