Feds, Ontario sign funding deal for French-language university in Toronto
OTTAWA — The federal and Ontario governments have reached a deal on funding a new French-language university in Toronto.
An agreement signed Wednesday says the two will spend $126 million on the project over eight years. The federal government will fund the university’s startup costs for the first four years, then share expenses with Ontario starting in the fifth.
After eight years, the province is to take over funding the university in the same way as it does other public post-secondary institutions.
Federal Official Languages Minister Melanie Joly called it a historic day for Canadian francophones.