Summary
Canada is creating its first defense-industrial plan to lessen its reliance on the United States for security. The plan aims to increase spending on Canadian defense and grow its own defense industries. This shift comes amid concerns about the trustworthiness of the U.S. as an ally.
Key Facts
- Canada released its first defense-industrial strategy this month.
- The plan aims to reduce reliance on the U.S. for economic and military security.
- Canada plans to double defense spending by the end of the decade.
- The strategy includes increasing defense contracts with Canadian companies to 70%.
- Canada wants to boost defense exports by 50% and create 125,000 new jobs.
- The defense industry in Canada mainly consists of small and medium-sized businesses.
- Canada plans to work on projects like an over-the-horizon radar with Australia.
- The country remains linked to the U.S. through NORAD, NATO, and other alliances.
