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flag Canada launches $6.6B plan to boost military production, aiming for 5% GDP defence spending by 2035.

flag Canada has launched a $6.6 billion Defence Industrial Strategy to boost domestic military production, aiming to increase defence spending to 5% of GDP by 2035 and raise Canadian firms’ share of defence contracts from 43% to 70%. flag The plan includes $15 million in new funding for innovation, creating 125,000 jobs, expanding military capacity, and reducing reliance on U.S. suppliers. flag A new Defence Investment Agency will streamline procurement, while initiatives like the CDL Defence accelerator support startups developing dual-use technologies. flag The strategy, backed by major parties and unions, seeks to strengthen national security and economic resilience amid global instability.

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