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Canada Picks German-Norwegian Sub Deal | Calgary News
Canada’s Prime Minister strikes a bold deal with Germany and Norway to build its next-generation submarine fleet, sidelining South Korea’s Hanwha Ocean — a move that rattled markets but didn’t break ties. While Hanwha’s stock tumbled, the government emphasized ongoing cooperation, with Defence Minister McGuinty reaffirming the value of the relationship. The trio of nations now eye a joint submarine program of up to 26 vessels, with Canada potentially taking 12. Meanwhile, Canada unveils a new Defence, Security and Resilience Bank, already backed by eight founding nations, signaling a major…
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