Canadian Government Budget Announced March 19th

• The Canada Foundation for Innovation will receive $510 million to undertake another major competition before 2010 to support the modernization of research infrastructure at Canadian universities, colleges, research hospitals and other non-profit research institutions.
• CANARIE Inc., a not-for-profit corporation that manages CA*net, will get $120 million in 2006-07 for its research broadband network that links Canadian universities, research hospitals as well as other science facilities in other countries.
• The Canadian Institute for Advanced Research will get $10 million over the next two years to help students and researchers involved in groundbreaking research on the international stage.
• The government will provide $6 million in 2008-'09 to help relocate Natural Resources Canada's CANMET Materials Technology Laboratory to the McMaster Innovation Park in Hamilton, Ont.
• The government will spend $85 million a year through the federal granting councils for research targeted on health sciences, energy, the environment, information and communications technologies and management, business and finance.
• Centres of Excellence in Commercialization and Research will receive $350 million in 2006-'07 and the following two years.
• Genome Canada will receive an additional $100 million in 2006-07 to extend research projects and fund regional centres.