Archived - Growing Canada's Advantage in Artificial Intelligence
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March 30, 2017 – Toronto, Ontario – Department of Finance Canada
Budget 2017 is the next step in the Government of Canada's long-term plan to create jobs and strengthen the middle class. The changes in the economy—both here at home and around the world—present incredible opportunities for the middle class and those working hard to join it.
With its strong focus on innovation, skills and partnerships, Budget 2017 takes the next steps to support Canadians as they acquire the knowledge and skills to build a more prosperous future for Canada.
Today, Finance Minister Bill Morneau joined Ontario Premier Kathleen Wynne and Toronto Mayor John Tory at the launch of the Vector Institute, a new independent research facility for artificial intelligence (AI) located in downtown Toronto. Speaking at the MaRS Discovery District, the Minister highlighted the government's focus on supporting key sectors of the new economy where Canada will lead the way, including strong support for the digital sector and AI, which opens up possibilities across many sectors—from agriculture to financial services.
As highlighted by the Prime Minister earlier today, Budget 2017 proposes to provide $125 million to launch the Pan-Canadian Artificial Intelligence Strategy, delivered through the Canadian Institute for Advanced Research (CIFAR). The Strategy will promote collaboration between Canada's main centres of expertise in Toronto–Waterloo, Montréal and Edmonton and will position Canada as a world-leading destination for companies seeking to invest in AI and innovation. CIFAR will work with the Vector Institute to support its core activities, including the Canada CIFAR Chairs in AI Science, graduate training, and the participation of the Chairs and trainees in national AI activities.
"Our plan is creating good, well-paying middle-class jobs now while preparing workers for the jobs of tomorrow. Technology is changing fast, and with it comes opportunity. By encouraging cutting-edge technology like AI while at the same time creating a culture of lifelong learning, we will be with Canadians every step of the way as they lead us into a future filled with possibility. I am pleased to be at the launch of such an exciting and forward-looking institute, and I look forward to working together to create even more opportunities for Canadians now and in the future."
- Bill Morneau, Minister of Finance
Media may contact:
Office of the Minister of Finance
Department of Finance Canada