Canada taps Germany's TKMS for submarines
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Canada is expected Monday to choose between German and South Korean bids to build a multibillion-dollar fleet of 12 submarines.
In selecting a joint bid from Germany and Norway, Prime Minister Mark Carney is elevating Canada’s naval power and reducing its military and economic dependency on the United States.
Here's why the federal government's purchase of a dozen submarines could stack up to a major price tag of $100 billion or more over the lifetime of the deal.
Canada's trade surplus widened to a four-year high in May, with exports rising for the fourth consecutive month, as goods shipped to the United States
Ottawa has announced the selection of German TKMS to supply up to twelve submarines for the Canadian Patrol Submarine Project.
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