“This historic investment in the Canadian Armed Forces will bring strong economic benefits and jobs across the country,” said the Defence Minister when the federal government announced its preferred bidder for the navy’s submarine program this week. We’ll be hearing a lot more of this as Canada’s ambitious defence procurement program ramps up – that it will not only make us safer, but richer. But is that true? Does defence spending juice economic growth?
Good account of the sub purchase.
— Fyure (@Fyure3) July 10, 2026
