The hope is that the world's brightest minds choose to study and work in Canada, and possibly stay after graduating, fueling innovation and boosting the economy.
"Our government recognizes that international education is a key driver of jobs and prosperity in every region of Canada," Fast said in a statement.
The government has earmarked USD 4.6 million annually to support the objective. The monies will be primarily used to market Canadian schools in six key markets.
Fast said the push would not impact Canadians' access to post-secondary education, but rather would grow the schools to accomodate larger enrolment.
Canadians' tuition is subsidized by the government while foreign students typically pay full price.
Despite offering higher average wages than in the United States, Canadian universities have had trouble retaining foreign researchers and professors who complained about the nation's frigid winters.
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