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Canada launches $500B defence plan to cut U.S. reliance, boost jobs and exports.
Canada has launched its first Defence Industrial Strategy, pledging over $500 billion in investments to reduce reliance on the U.S., boost domestic manufacturing, and enhance national sovereignty.
The plan aims to create 125,000 high-paying jobs, increase defence exports by 50%, and improve military readiness across maritime, land, and aerospace forces.
It includes $180 billion in procurement and $290 billion in infrastructure, with support for Algoma Steel through a potential $345 million investment contingent on a South Korean submarine contract.
Canada has joined the EU’s SAFE programme as the only non-European member and is expanding defence partnerships in Asia.
Canadá lanza un plan de defensa de 500 mil millones de dólares para reducir la dependencia de Estados Unidos, impulsar empleos y exportaciones.