Prime Minister Mark Carney’s budget, released Tuesday, calls for a new industrial strategy and a multibillion-dollar project to bolster Ottawa’s defense spending.

Canadian Prime Minister Mark Carney's government on Tuesday unveiled a "historic" budget aimed at overhauling an economy that is reeling from US tariffs and expected to slow in 2025 and 2026. - 'Not a game' - Carney,

For months, Canada’s European allies have been actively preparing for the end of NATO as we know it. They’re wondering if Ottawa is fully on board.

Canada’s entire defence system was disrupted over the summer through the unveiling of a sharp increase in defence spending, the proposal of a new defence procurement agency, and the rollout of Inflection Point,

Canada's Prime Minister Mark Carney on Friday announced a multi-billion-dollar military spending package, affirming his government's plan to hit NATO's two percent defense spending target this year. Since taking office in April, Carney has repeatedly ...

In June, the Prime Minister announced Canada will spend as much as $150-billion annually on defence within a decade

Public Services and Procurement Canada received 25 submissions from Canadian and foreign firms, including seven major submarine builders. In August 2025, the government narrowed the field to two: Germany’s TKMS, offering its Type 212CD submarine, and South Korea’s Hanwha Ocean, proposing the KSS-III model.

Canada has taken a major policy step to safeguard its national security and strengthen allied supply chains, with the government formally designating critical minerals as essential to Canadian defence and national interests.

Colin Crooks, the British Ambassador to South Korea, was reported to have announced at the closed-door APEC forum in Gyeongju on the 27th of last month, in front of around 300 attendees, that “the UK government will soon express its support for Hanwha in the Canadian submarine project.