"Strong, Secured, Engaged": Canada Issues Its Long-Term Defence Policy

On June 7, 2017, the federal government unveiled its new defence policy, outlining its plan to increase the annual defence budget by 73 per cent over the next decade, from C$18.9-billion in 2016–17 to C$32.7-billion by 2026–27. With C$62.3-billion in additional military spending allocated over the next 20 years, the policy aims to assist the Canadian Forces across the full spectrum of military operations, from humanitarian assistance and disaster relief, to peacekeeping and combat, and would result in a forecasted C$553-billion in total defence spending over 20 years. This spending increase presents significant long-term opportunities for defence contractors, manufacturers and suppliers, both at home and abroad.