Just to reiterate, I think that the government is well aware of the importance of basic research. It is essential not only for the production of ideas, but also for the training environment it provides for young talent and creating the next generation of researchers and innovators.
The Canada Foundation for Innovation plays a key role in that regard, as do the granting councils. In the last budget both of those were recognized, along with the importance of indirect costs of research, which is really about providing a research environment for the universities as well and covering some of their overhead costs. The government recognized that this is an important role and put investments into all those areas.
As Eliot was saying, what's the appropriate level of investment? In fact, we have discussions in that regard about where you see this level of investment and how you sustain it going forward. Those discussions are not complete, and the government has not taken a decision. I don't want to contradict Eliot, because we're good colleagues and work together all the time. There was funding provided in the last budget. It's not that his bank account is completely empty. What he is really saying is there is an issue here about what the right level of funding is for us going forward and how we sustain that. The current competition that you have under way is of an order of magnitude that's quite large, so the question is how do you approach that going forward?