Canadian Defence Industrial Strategy
This is a Canada news story, published by financialpost, that relates primarily to Mark Carney news.
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new defence spendingfinancialpost
•Business
Business & Economics
Why turning Canada's new defence spending into economic growth may be ‘easier said than done’
74% Informative
The Liberal government announced a shift towards a Canadian defence industrial strategy on Monday .
Prime Minister Mark Carney announced Canada would be meeting its NATO two per-cent spending target.
The announcement included $9.3 billion in additional defence expenditures this fiscal year .
The plan included more investments in new submarines, ships, aircraft, artillery, and armed vehicles.
Canada spent 1.45 per cent of its GDP on defence in 2024-2025 .
The department of national defence will spend $62.7 billion for the 2025-2026 fiscal year , up from $53.4 billion .
Canada has been a laggard on defence spending for over a decade .
VR Score
80
Informative language
81
Neutral language
48
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semi-formal
Language
English
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60
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Attention-grabbing headline
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short-lived
External references
7
Source diversity
5