If you compare the situation 10 years ago with today's, you will see that the very significant investments in the last decade have changed our ability to compete internationally. Other countries are always improving their competitiveness. Our GERD to GDP percentage is 1.9%. Countries should have a figure of 3% to be competitive with, say, the top five in the world. This is only one indicator, but it shows that we should be continuing to increase our investment in the area.
I will add that this is not just a challenge for the university community or for the researchers that we would like to have in the university community. More than 60% of PhDs choose to work in other areas of the Canadian economy, whether it be for the federal government, for provincial governments or in the private sector. With all those different areas needing people with Masters degrees and PhDs, we need to invest more.