Thank you for that.
I want to add that the scholarship I got in the mid-1970s made me decide to stay in Canada. I was looking at going elsewhere for my grad studies and that scholarship allowed me to stay here.
I'm also happy to hear that your organization, U15—the big universities—is embracing the Bouchard report. From what I can tell, it calls for an annual 10% increase in the tri-council grants.
You just mentioned in passing a 3% cut. I've heard this, too, from NSERC. I wonder whether you could expand on what the risk of that is.