Certainly. You are correct. It's on the record. Our media release did say “through and through”. I think the narrative behind the intention of how we wanted to celebrate this budget was really that it's a signal to the economy, and the innovation economy more specifically, that we are turning a corner on recovery. We are turning a corner on COVID. It's not that it's completely over for a lot of communities across the country, but there's an acknowledgement that where we are starting to turn our gaze as a country is around this idea that we need to start digging our heels in and thinking about what's good for Canada's prosperity.
I think what was really interesting in Minister Freeland's comments around the budget in the media after her speech in the House, namely, the recognition that Canada does have a productivity problem. I think that is simply a result of antiquated policy around innovation. It was obviously exacerbated by this rapid acceleration of people having to work from home and what that looks like for the digital economy.
Certainly we were very pleased to see a number of initiatives that were in the budget, as my colleague Nick mentioned. SR and ED reform is a huge piece, as is funding to go towards cybersecurity, which I think the government certainly recognizes as a serious issue now, and considerations around skilling, re-skilling, upskilling and attracting talent, and more mention of IP and, of course, some nods to the fintech and clean-tech sectors.
We always say that the devil is in the details or the proof is in the pudding, and I know that there are some initiatives that need to roll out sequentially. We're waiting for some more details to come in the fall economic statement, but we were very pleased to see a number of initiatives in this budget. We would underscore that it's critically important to consult with Canadian innovators to ensure that a lot of the implementation is done in a way that will support the growth of Canada's innovation ecosystem.