Thank you.
Mr. Miller, the Council of Canadian Academies' “The State of Science, Technology and Innovation in Canada 2025” found that Canada is facing “a worsening productivity crisis”, with business and government sectors' STI performance declining, “stubbornly low” business R and D and slow technology adoption, even as higher education remains a “bright spot”, as they put it, in our country. It notes that our research and talent base is strong, but it's at an increasing amount of risk.
From where you sit, do you feel that we're converting that university-based talent and research excellence into domestic capital formulation and productivity growth, or are many of our top graduates and ideas, when it comes to commercialization, still going abroad?