TORONTO, March 21, 2013 /CNW/ - The Council of Ontario Universities
(COU) commends measures in the 2013-14 federal Budget intended to
enhance the pool of highly educated, highly skilled employees and job
creators so critical to a strengthened economy.
Strong economic growth requires a strong, talented and diversified
workforce, and federal funding for training and research is helping
Ontario's universities develop the next generation of employees,
innovators, entrepreneurs and educators.
"Preparing the workforce to drive the economy, and funding enterprising
research that leads to new business in Ontario are key elements to our
success," says Alastair Summerlee, Chair of COU and President of the
University of Guelph. "Through our teaching and research, Ontario
universities contribute immensely to our economic recovery."
The federal budget supports funding for advanced research infrastructure
and provides multi-year support for new large-scale research
competitions and initiatives that will provide a competitive advantage
globally, as well as national and international partnerships.
A new strategy for international students will also bolster the economy,
and there will be supports for Aboriginal education.
Continued funding for core and high-profile research programs at Ontario
universities creates jobs and fosters a highly skilled workforce.
"Our people are our greatest natural resource and our province can only
be as productive and competitive as its people," says Bonnie M.
Patterson, COU President and CEO.
"Ontario's university graduates are mobile, and getting the kind of
training, knowledge and skills needed to address Canada's productivity
issues is fundamental."
University research is a critical training ground for students, allowing
them to gain hands-on experience and practical know-how that will serve
them and the companies and organizations that hire them well. Ontario
universities are also fostering a sense of innovation, producing
entrepreneurs who create jobs for themselves and others.
A recent report by the CIBC listed 25 occupations showing signs of a
skills shortage over the next several years including engineering,
medicine, dentistry, health and education management, auditing and
financial investment services.
A few of the occupations listed would require apprenticeships, while the
vast majority would require a university degree.
COU is a membership organization of Ontario's 20 publicly assisted
universities and the Royal Military College of Canada. It works
closely with the provincial and federal governments to shape public
policies that help universities deliver high-quality programs for
students, and the research and innovation that improves the social,
cultural and economic well-being of Ontarians.
Ontario is home to 445,532 university students.
87.5 per cent of university graduates find jobs within six months of
graduation; 93.1 per cent within two years.
University graduates earned an average of $42,403 six months after
78 per cent of university undergraduate students report that their
educational experience was good to excellent.
Universities are teaching innovation and producing entrepreneurs who
create jobs for themselves and others.
In 2008, the higher education sector was the second largest performer of
research and development in Ontario carrying out an estimated $4.58
billion in research and development or 33% of the province's total
Visit the Council of Ontario Universities website at www.cou.on.ca
Follow us on Facebook at www.facebook.com/CouncilofOntarioUniversities
Follow us on Twitter at @OntUniv
SOURCE: Council of Ontario Universities
For further information:
Director, Strategic Communications & Media Relations
T: 416-979-2165 ext. 233