Canada plans to buy submarines, inching closer to Nato defense target

Quick Summary:

Later Wednesday, Blair announced he had signed a trilateral agreement with Germany and Norway to establish a maritime security partnership in the North Atlantic and collaborate on defense production.

This year, 23 of 32 members will meet or exceed it, but Canada expects to spend just 1.33 percent of gross domestic product (GDP) on defense.

The announcements of new submarines and military assistance to Ukraine also signal growing concern that climate change is making Canada’s Arctic more vulnerable to aggression from Russia and China.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesCanadaChinaGermanyNorwayUkraine

Topics: Government Percent Security Allies Canada Submarines Defense Canada’s Spending Military Fleet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 10:48:59 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21573836

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 25 posts per day

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Headquarters: Philippines

News Last Updated: 16 hours ago

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Publisher ID: #37

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