Finally, Mr. Beatty expressed disappointment with the Budget's plan for research and innovation funding. "Last year Ottawa made a $770 million reduction to the incentives available for research in Canada. We urged the government to have a dialogue with the leading research corporations in Canada, to make sure the replacement model met their needs. Reviewing today's budget, many of Canada's most important innovators will be disappointed. It will be hard for those companies to maintain their commitments to research in Canada when other jurisdictions are more supportive."
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SOURCE CANADIAN CHAMBER OF COMMERCE