More of this, please....
Ottawa's defence sector investment push is one of the most significant financing initiatives in Canada's history, says head of CIBC. Read on
financialpost.com
“Let me be clear: we recognize the urgency of this moment,” Harry Culham said at a CIBC defence summit on Wednesday. “This presents a once-in-a-generation opportunity to invest in our economy.”
He also said investments would extend beyond the traditional forms of defence.
“They include dual-use infrastructure — airports, seaports, energy and critical roads connecting our North — as well as advancements in cybersecurity, digital solutions and artificial intelligence,” he said.
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So long as it is recognized that the 5% target means 2% in sustaining the status quo baseline, 1.5% is devoted to this dual use economy but that the other 1.5% actually gets spent on hard military capabilities to bring the 2% up to 3.5%.
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Current defence budget, at 2% of GDP, is 62BCAD
1.5% on the dual use economy is about 45 BCAD per year
1.5% on hard military enhancements is another 45 BCAD
10 years of investment at that rate would mean
1070 BCAD invested in the Military
450 BCAD invested in the dual use economy.
1.52 Trillion Canadian Dollars.
If 70% of that is invested in Canada, or 1 Trillion Canadian
That still leaves 500 BCAD to be invested in foreign systems and aid to allies.
Trump asked for 60 BUSD for our portion of the revised continental IAMD system or about 6 BUSD a year for 10 years. At current rates that would be about 100 BCAD total or 10 BCAD annually.
About 10% of the total military expenditure.
We can reduce that by increasing the value of the Canadian dollar from 1.4 CAD to the USD back to par as under Stephen Harper.