Mr. Speaker, I am pleased to respond to the member Kitchener—Conestoga's question about our excellent S and T strategy. I thank him for all his good work on this file.
Canada's new government understands its science and innovation is key to a strong economy. We are committed to turning knowledge into innovation and innovation into greater wealth and well-being for all Canadians.
However, if the budget does not pass the Liberal Senate, the research development sector in Canada stands to lose: $120 million for CANARIE, this is research broadband; $100 million for Genome Canada; and $30 million for the Rick Hansen Foundation. Our government is giving Canada a true competitive advantage that will—