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Where is the money to replace Canada’s aging submarines? It wasn’t in the 2025 federal budget

Prime Minister Mark Carney has now climbed into two submarines on two continents – one on a production line in Germany, the other in the water in South Korea – yet the 2025 federal budget, which allocated more than $80 billion toward defence, made no mention of funding towards the much-needed vessels.

The Royal Canadian Navy is in the market to buy 12 conventional diesel-electric powered submarines and the federal government has narrowed the competition to two companies: ThyssenKrupp Marine Systems (TKMS) and Hanwha Ocean.

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