BDC, the Business Development Bank of Canada, has shifted toward investing in Defence, which from my understanding they didn't really do much of before, so it's probably a better time than ever to be a defence startup in Canada.
The Canadian defense budget is quite small (30bn). 4bn is a big number compared to that but in general this is quite small compared to most developed countries. I believe Canada has been quiet thanks to their neighbors protecting them but with that changing I’m wondering whether there will be a shift in defense spending.
This will also create new jobs and a market which the economy probably needs.
There are only 15 countries worldwide with a higher defence budget than Canada so the budget is hardly tiny, it just doesn’t meet the arbitrary and obscene targets of 2/5% GDP. In actuality, Canada spends more than twice as much per capita than the world average.
The only realistic threat to Canada is the new one from Donald Trump, but it would take closer to 30% GDP to protect from that one.
compounding_it|14 days ago
This will also create new jobs and a market which the economy probably needs.
huxley|14 days ago
The only realistic threat to Canada is the new one from Donald Trump, but it would take closer to 30% GDP to protect from that one.