Prime Minister Mark Carney said Canada will invest hundreds of billions of dollars in defense over the next decade as part of a strategy to steer more of that spending to domestic firms rather than U.S. contractors.
In the next 10 years, Canada will spend 180 billion Canadian dollars ($131 billion) directly on military procurement and CA$290 billion on defense-related infrastructure, Carney said.
¡°Over the last few decades, Canada has neither spent enough on our defense nor invested enough in our defense industries. We¡¯ve relied too heavily on our geography and others to protect us,¡± he said at a news conference in Montreal on Tuesday. ¡°This has created vulnerabilities we can no longer afford and dependencies we can no longer sustain.¡±
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