
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.



On November 4, François-Philippe Champagne described the 2025 federal budget as “generational.” In doing so, the finance minister offered a rare example of plausible political hype, without the usual hyperbole.









