Canada’s Budget Focuses on Alignment Between PSE, Labour Market Need

Source: Budget 2015 via Academica

Canada unveiled its new federal budget on Tuesday. The budget’s highlights include $1.33 B over 6 years, beginning in 2017–18, for the Canada Foundation for Innovation (CFI); $105 M over 5 years, beginning in 2015–16, for CANARIE; an additional $46 M per year, beginning in 2016–17, of targeted funding for Canada’s granting councils; $119.2 M over 2 years, beginning in 2015–16, for the National Research Council’s industry-partnered research and development activities; a one-time investment of $65 M for business and industry associations to work with PSE institutions to align curricula with employer needs; and $56.4 M over 4 years, beginning in 2016–17, to Mitacs for graduate-level industrial research and development internships. The budget will also reduce the expected parental contribution and remove the penalty for in-study student income for the Canada Student Loans assessment process. Furthermore, the budget provides for the expanded adoption of the Blue Seal Certification program and the creation of a one-stop national labour market information portal.