All articles tagged with #buy canadian
Canadians, especially in Toronto, are increasingly choosing Canadian-made products as US tariffs and threats heighten trade tensions; while direct price hikes are currently limited, spillovers through packaging costs and supply chains could raise prices over time, with retailers and workers potentially bearing some burden even as many shoppers say they’ll pay more to support domestic products.
Canada unveils a Defense Industrial Strategy called 'Buy Canadian' to cut its dependency on the United States by boosting domestic production, creating about 125,000 jobs, and expanding sovereign capabilities. It sets out doubling defense expenditures to C$80 billion over five years, with C$45 billion annually for domestic resilience as part of NATO commitments, and aims to hit 2% of GDP on defense this year and 5% by 2035. The plan seeks to raise Canadian-owned share of defense acquisitions to 70%, boost exports by 50%, R&D by 85%, and industry revenues by over C$5.1 billion annually, while pursuing deeper partnerships with Europe and Indo-Pacific allies and protecting Arctic sovereignty. It also pledges a list of defense champions by summer and emphasizes 10 sovereign capabilities (AI, quantum, missiles, drones, etc.). The release was delayed after a mass shooting in British Columbia.