How Carney’s historic defence spending could change the economy episode artwork

EPISODE · Jul 22, 2025 · 21 MIN

How Carney’s historic defence spending could change the economy

from The Decibel · host The Globe and Mail

Ottawa’s pledge to spend $150-billion annually on defence-related priorities by 2035 is creating big opportunities for the private sector. Several Canadian companies are preparing to compete for lucrative contracts as Canada aligns its defence spending with NATO allies.  Pippa Norman, who covers innovation for The Globe, explains the state of Canada’s defence sector, what industry leaders hope Prime Minister Mark Carney will change, and what this government’s focus on military spending could mean for the country’s economy and reputation as a peacekeeping nation. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ottawa’s pledge to spend $150-billion annually on defence-related priorities by 2035 is creating big opportunities for the private sector. Several Canadian companies are preparing to compete for lucrative contracts as Canada aligns its defence spending with NATO allies. Pippa Norman, who covers innovation for The Globe, explains the state of Canada’s defence sector, what industry leaders hope Prime Minister Mark Carney will change, and what this government’s focus on military spending could mean for the country’s economy and reputation as a peacekeeping nation.

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How Carney’s historic defence spending could change the economy

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This episode was published on July 22, 2025.

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Ottawa’s pledge to spend $150-billion annually on defence-related priorities by 2035 is creating big opportunities for the private sector. Several Canadian companies are preparing to compete for lucrative contracts as Canada aligns its defence...

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