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As part of a new federal budget, the Canadian government has created the Canada First Research Excellence Fund, which will provide 1.5 billion Canadian dollars (about $1.4-billion) over 10 years to support university research that contributes to the country’s long-term economic competitiveness. The Association of Universities and Colleges of Canada hailed the move as well as modest increases in other research funding, praising “the government’s recognition of university research as a significant driver of prosperity.”

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To read the original article: Canada Pledges $1.5-Billion for Research That Fosters Competitiveness – The Ticker - Blogs - The Chronicle of Higher Education