Canada is playing hardball with a $40bn submarine contract as it tries to turbocharge investment in civilian sectors ranging from steel and cars to energy and mining, and boost its economic independence from the US.
Canada is playing hardball with a $40bn submarine contract as it tries to turbocharge investment in civilian sectors ranging from steel and cars to energy and mining, and boost its economic independence from the US.
2 Comments
Coffee_Addict@lemmy.world · 8 pts · 178d
Long-story-short, Canada is leveraging a $40bn submarine contract to help diversify its economy away from the US.
Hanwah (South Korea) and TKSM (Germany & Norway) are finalists competing to buy 12 Arctic-capable diesel submarines.
Carney is also using the bidding war to extract civilian-sector investments (steel, cars, energy, mining, and technology) as part of a strategy to reduce reliance on the United States.
This shift is driven by:
Some are describing Carney’s approach as an “art of the deal” moment.
Coffee_Addict@lemmy.world · 5 pts · 178d
Archive link for those who need it.