Thank you, Chair.
Thank you to both witnesses for excellent presentations.
I'm going to start with Dr. Murphy. I'm not sure if you were able to join us for the first hour, but we did receive what to me was a very persuasive presentation by the Canadian Association for Graduate Studies. They talked about a method and formula for redistributing funds to universities that was based on the number of graduate students and on academic excellence.
I am wondering, Dr. Murphy, how you feel about that proposal and whether you think it has merit over the current system.