It does reduce the NSERC budget by $7 million, but the reality was that Mitacs was already delivering those internships, so it doesn't have a material effect on the NSERC budget.
On June 7th, 2016. See this statement in context.
On June 7th, 2016. See this statement in context.
Assistant Deputy Minister, Science and Innovation, Department of Industry
It does reduce the NSERC budget by $7 million, but the reality was that Mitacs was already delivering those internships, so it doesn't have a material effect on the NSERC budget.
See context to find out what was said next.