As the NATO summit in Brussels wrapped up, the PM announced a 70 per cent increase in military spending. But the commitment falls short of the 2 per cent of GDP mark agreed upon by members in 2014.
Feds will launch formal competition early next year to replace aging CF-18s.
Dominic Barton says defence industry critical for innovation, but Libs behind on spending goals.
About $20.5 billion left unspent across 13 different programs, including two set up by the Liberals.
Atlantic Provinces Economic Council says major project investment to fall by 7% this year to $13 billion.
Plenty of spending but no new taxes, tax increases or program cuts in the plan.
Committee alleges the only metrics used to measure spending focus on money going out the door rather than what the money is buying.
BDC surprised by the magnitude of the drop to $11 billion this year.
Manufacturers plan to increase spending by 2.7% to $17.5 billion.
Alberta premier says budget will be accompanied by a 10-year plan that will remake how province earns and spends money.
Job cuts will mainly affect contractors, oil sands giant says.
Volatile oil and gas prices will force province to hold the line on spending, finance minister Horner says.
Canadian businesses allocate just 7.8% of their revenue to innovation, compared to 9.64% globally, innovation survey suggests.
Study says they jack up bureaucratic spending in the least-productive provinces.
Unions pleased with measures to strengthen province’s manufacturing sector.