Posted in

German submarine bid promises Canada $86B economic boost and tens of thousands of jobs

An average of up to 50,000 jobs could be created in Canada over the next five years should the federal government opt to buy the German-made Type 212CD submarine, CBC News has learned.

Up until this point in the fierce competition over the navy’s new submarines, both the German and Norwegian governments and the builder, ThyssenKrupp Marine Systems (TKMS), have been reluctant to reveal strict details of the potential economic benefits that could accrue from their proposal.

Share