The position of the Canadian Association for Graduate Studies is very simple: the value of scholarships should be increased to keep pace with the cost of living, which should have been done 20 or 25 years ago. The association also believes that research grants to faculty should be increased to allow them to provide adequate financial support to the students they supervise.
Obviously, if the federal government decides to close its granting councils and redirect the money to the universities, something different can be done. At the moment, research funding isn't going directly to the universities, but to the federal granting councils.