"the development of policies to achieve better equity and diversity among grant winners"
Ahhh of course... we will award grant money based not on how good the research is but instead based on the gender and ethnicity of who is getting the money. Just as they are already imposing gender quotas on Canada Research Chairs, as reported in this paper.
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"Review current funding allocations across the three granting councils including relatively weak funding in recent years for social sciences and develop a strategic plan for promoting and supporting Indigenous research."
So less money for physics, chemistry and biology and more money for social "sciences".