I dont know if this actually translates to opportunities to start new defense businesses though, vs canada putting more money into existing supplier and european partners
Tiktaalik•16m ago
BDC, the Business Development Bank of Canada, has shifted toward investing in Defence, which from my understanding they didn't really do much of before, so it's probably a better time than ever to be a defence startup in Canada.
The Canadian defense budget is quite small (30bn). 4bn is a big number compared to that but in general this is quite small compared to most developed countries. I believe Canada has been quiet thanks to their neighbors protecting them but with that changing I’m wondering whether there will be a shift in defense spending.
This will also create new jobs and a market which the economy probably needs.
8note•40m ago
Tiktaalik•16m ago
https://www.bdc.ca/en/about/mediaroom/news-releases/bdc-intr...
compounding_it•7m ago
This will also create new jobs and a market which the economy probably needs.