Canada to Boost Defense Spending with Focus on Domestic Firms

Prime Minister Mark Carney announced that Canada plans to allocate hundreds of billions of dollars to defense spending over the next decade. Bloomberg posted on X, highlighting Carney's strategy to prioritize domestic companies over U.S. contractors in this significant investment. The move aims to strengthen Canada's defense capabilities while supporting local industries. This initiative reflects a shift in focus towards enhancing national security and economic growth through domestic partnerships.