Mr. Speaker, the Perimeter Institute of Theoretical Physics in my riding of Kitchener—Waterloo is a world renowned centre of scientific research, discovery and innovation. In partnership with the Government of Ontario and the Government of Canada, PI is a successful example of public-private collaboration.
Last evening, Perimeter Institute announced an initiative to establish five highly prestigious research chairs named for the founders of modern physics: Newton, Maxwell, Bohr, Einstein and Dirac.
BMO Financial Group will contribute $4 million to establish the first of these chairs, the Isaac Newton Chair in Theoretical Physics. This investment will be matched by private funds from PI's existing endowment.
I congratulate BMO and Perimeter Institute for this unique partnership that will attract the world's best scientific minds to Canada and ensure that we remain a global leader in research excellence.