Canada is embarking on a historic increase in defence spending, with the government committing to major investments in military procurement, including F-35 fighter jets and shipbuilding.
This shift aims to meet NATO targets and strengthen Canada's role in global security, while also promising to boost the domestic economy through innovation and new business opportunities. Experts highlight the need for policy updates and streamlined procurement processes to ensure these ambitions are realized. The defence sector's transformation is expected to benefit both established companies and startups, with a focus on building stronger ties with Europe and the private sector.
However, concerns remain about bureaucratic hurdles and the effective implementation of these plans.
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