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Investing.com -- On Monday, Canadian Prime Minister Mark Carney outlined a comprehensive strategy to enhance the nation’s defense capabilities, including the establishment of BOREALIS, the Bureau of Research Engineering and Advanced Leadership in Innovation and Science. Carney emphasized the need for a "made in Canada" defense procurement approach to support domestic businesses and reduce reliance on the United States.
In his speech, Carney highlighted the evolving global security landscape, noting that adversaries are becoming more emboldened and traditional norms that safeguarded Canada and global security are under threat. He criticized the previous Conservative government for underfunding the military and neglecting veterans.
Since the end of the Harper Conservative era, Canada has more than doubled its defense spending, but Carney insists that it is still insufficient for the current global challenges. He announced plans to modernize the North American Aerospace Defense Command (NORAD), invest in new technologies, and work with international partners like Australia.
The Canadian Prime Minister also mentioned the construction of new military installations and a heightened year-round presence of the Canadian Armed Forces in the Arctic to defend sovereignty. BOREALIS is set to play a pivotal role in advancing research in fields such as artificial intelligence and quantum computing, crucial for maintaining technological superiority and safeguarding Canadian sovereignty.
Carney’s vision extends to creating high-paying jobs and prosperity within Canada through a national procurement strategy. He also plans to assist Canadian defense businesses in diversifying their exports via an improved CanExport program, leveraging Canada’s trade agreements globally.
The strategy includes bolstering Canada’s domestic defense industries and production, while collaborating with international partners. This includes Canada’s participation in the "rearm Europe" plan, supporting transatlantic security, and contributing to global efforts such as the coalition supporting Ukraine.
In conclusion, Prime Minister Mark Carney’s announcement of BOREALIS and a robust defense strategy marks a pivotal step toward strengthening Canada’s national security and sovereignty. By prioritizing domestic innovation, increasing defense investments, and fostering international partnerships, Canada aims to address the escalating global threats while promoting economic growth through high-paying jobs and enhanced export opportunities.