Canada’s $24B Submarine Deal | Toronto News

Toronto News Today | 2 Min News | The Daily News Now! · Jul 8, 2026 · 1m

Canada’s biggest defence purchase ever—twelve submarines from Germany and Norway—just got global attention at a NATO summit, with PM Mark Carney celebrating a historic trilateral deal that could reshape alliance cooperation. While South Korea, the runner-up, was left out, officials assured them the partnership remains strong. Canada’s $24 billion investment also kicks off a bold new Defence, Security and Resilience Bank, aiming to mobilize private capital for urgent security needs like drones and air defence. As the U.S. signals potential shifts in NATO support, Canada’s move fills a critical…