Canada is embarking on a historic increase in defence spending, with Prime Minister Mark Carney committing to boost the military budget to meet and exceed NATO targets.
This surge in funding is expected to prioritize shipbuilding, aerospace, and high-tech sectors, aiming to modernize the armed forces and stimulate economic growth. The government plans to strengthen ties with European allies and the private sector, while also updating policy frameworks to support these ambitions. Experts highlight the need to address aging military infrastructure and invest in advanced equipment like submarines and air-defence systems.
The move is seen as a major shift for Canada, positioning it as a more assertive player in global affairs and offering significant opportunities for both established defence contractors and innovative startups.
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