How Carney’s historic defence spending could change the economy
Ottawa’s pledge to spend $150-billion annually on defence-related priorities by 2035 is creating big opportunities for the private sector. Several Canadian companies are preparing to compete for lucrative contracts as Canada aligns its defence spending with NATO allies.
Pippa Norman, who covers innovation for The Globe, explains the state of Canada’s defence sector, what industry leaders hope Prime Minister Mark Carney will change, and what this government’s focus on military spending could mean for the country’s economy and reputation as a peacekeeping nation.
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