Canada's announcement of an $11.2-billion contract to improve training platforms for the military is getting a lukewarm reception at the country's largest defence trade show, as allies and military industry companies want to see more investment from the federal government.
Last week, a letter written by a bipartisan group of 23 U.S. senators to Prime Minister Justin Trudeau urged Canada to live up to the NATO commitment. "In 2029, Canada's defence spending is estimated to rise to just 1.7 percent, five years after the agreed upon deadline of 2024 and still below the spending baseline," the letter said.However, he points out the U.S.
While the money spent on defence often gets a lot of the attention, Canada's commitment to build up industrial capacity in the defence sector is often overlooked. "Compared to other nations we're a bit slower in our ability to produce and respond as Europe right now," says Christyn Cianfarani, president and CEO of the Canadian Association of Defence and Security Industries .
The announcement and renewed pressure to meet the NATO target come weeks before the prime minister is set to meet allies at the Summit on Peace in Ukraine, which is being held Lucerne, Switzerland, from June 15 to 16.Trudeau must more publicly support ICC decisions amid Israel-Hamas war: ex-ministersHate crimes unit investigating vandalism at Toronto MP's officeBudget 2024 prioritizes housing while taxing highest earners, deficit projected at $39.
As Poilievre sides with Smith on trans restrictions, former Conservative candidate says he's 'playing with fire' Toronto police say the Hate Crimes Unit is investigating vandalism at the constituency office of a Toronto Member of Parliament.A Quebec judge ruled Wednesday that smoking during a stage performance is a valid form of artistic expression, overturning a lower court's decision and clearing three theatres that had been fined for allowing the practice.
Liberal parliamentarians are criticizing Conservative Leader Pierre Poilievre over a new video in which he promotes the idea that some Canadians are 'fleeing' Canada to live in Nicaragua because they can't afford a house in this country.A group of prominent former politicians and current academics is asking Prime Minister Justin Trudeau to change his tone on the possibility of arrest warrants for senior Israeli leaders.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »