Ontario Universities Welcome Ontario Government's Economic Leadership

    TORONTO, Dec. 13 /CNW/ - The Council of Ontario Universities welcomed the
Ontario government's Economic Statement and its commitment to investing in
people and infrastructure "to foster the next generation of economic growth."
    "The Ontario government has demonstrated continued economic leadership by
addressing the fundamental external challenges to growth," said Dr Peter
George, Chair of the Council of Ontario Universities and President of McMaster
University. "Ontario universities well understand the challenges posed by the
higher dollar, oil price increases and the uncertain U.S. economy as we are
integrally involved in our local economies. Universities are a strategic
economic asset for Ontario and we are committed to building the best educated
workforce and providing the innovations that drive future growth."
    "The government's confirmation of the fundamental need for investment in
research also demonstrates its sound vision for creating future growth," said
Dr. Paul C. Genest, President of the Council of Ontario Universities.
"Research funding fuels the creation of cutting-edge innovations that produce
new products, drive economic activity and even transform lives."
    "Ontario universities have benefited from the Reaching Higher plan in the
last mandate and the commitments made in the Ontario Throne Speech will help
to improve student access," said Genest. "We look forward to continuing to
work with the government to advance graduate and undergraduate education and
to achieve ongoing excellence in our research initiatives and, in so doing, to
continuing our role as a strategic asset in Ontario."

For further information:

For further information: Dr. Paul Genest, (416) 779-2331; For Dr. Peter
George: Andrea Farquhar, (905) 515-7075

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