Feds provide CFI with long term stability with $750 million in year-end cash

Guest Contributor
March 19, 2001

The Canada Foundation for Innovation (CFI) program has been extended to 2010 with a new contribution of $750 million in year-end federal funding. The unusual step of adding to the CFI war chest comes just five months after the government added $500 million to its accounts and years before the new funding will be required, eliciting charges from some quarters that the Liberals are acting irresponsibly by dumping surplus money on the eve of a possible recession.

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