Defense: Canada is building up its military – local contractors benefit
So far, Canada's military was mainly known for its involvement in UN peacekeeping missions. However, given the deteriorating relationship with the US, a rethink has begun.
Ottawa: In response to growing tensions with Washington, Canada is working to reduce its dependence on US defense suppliers. This shift can be seen in various sectors, including a clothing factory in Toronto where workers sew camouflage fabric and Velcro into helmets for Canada's military. The factory produces uniforms for Wuxly, a company that manufactures luxury parkas and is part of a growing number of Canadian businesses expanding into defense contracts.
Other firms are developing satellite sensors for Canada's massive Arctic region, manufacturing drones for soldiers, and building autonomous robots. Canadian Prime Minister Mark Carney has set the goal of boosting the country's economic independence, and the surge in defense spending is a result of that objective. Canadian startups and established companies, alongside European firms, are benefiting from additional defense expenditures amounting to billions of dollars. The strategy aims to strengthen domestic defense capabilities.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
