Trudeau announces $4.6B investment in Canadian research and innovation | FULL

On Friday, Canadian Prime Minister Justin Trudeau announced an investment of over $4.6 billion to strengthen Canadian research and innovation.

"We will also help the younger generations get a good, affordable general education within investment of $1.3 billion, which means that for an additional year we'll be maintaining the increase we brought to Canada student grants," Trudeau said.

The Government will increase student housing allowances through the Canada Student Financial Assistance Program. The increase in student aid will benefit approximately 79,000 students annually, particularly those living in areas with high housing costs.

The Liberal government delivered a federal budget on Tuesday geared towards young Canadians, proposing a spending plan that promises to do everything from make it easier to buy a first home to crack down on costly concert ticket fees. But the $57 billion in spending announced in the Liberals’ latest fiscal plan comes amid a stronger-than-expected economy and new taxes targeting the wealthiest Canadians. Net new spending included in the budget is pegged at $39.2 billion, thanks to these higher revenue offsets.

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