No new auto plants but here’s what else Germany and South Korea are offering in their submarine bids
BNN Bloomberg
Both Germany’s TKMS and South Korea’s Hanwha submitted their final bids to win a lucrative contract to build Canada’s next generation of submarines ahead of the March 2 deadline.
CTV News has learned how the proposals will be evaluated and details about what the bids will contain.
Tens of billions of dollars in economic incentives are attached to the bids, but according to both German and Korean sources, neither proposal will contain an offer to build a car assembly plant in Canada, despite diplomatic pressure from Industry Minister Melanie Joly to attach autos to a sub deal.
The requests for proposals (RFP) are now in the hands of Defence Investment Agency CEO Doug Guzman for assessment. Then it will be up to cabinet to decide the winner.
Multiple government and private sector sources have told CTV News that a decision is expected to be announced in June before Parliament’s summer break.
The federal government wants to purchase up to 12 conventional, diesel-electric powered submarines to replace its aging fleet. The first one must be delivered by 2035, if not sooner.
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei says that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbours will continue. His first statement since his appointment was read on state television Thursday by a news anchor.
Prime Minister Mark Carney is again heading overseas, this time to Norway to observe NATO Cold Response exercises as Canada deepens ties with Nordic countries.
The Canadian Security Intelligence Service says the threat level in Canada from Iran or its proxies has not changed since the war in Iran began nearly two weeks ago, while adding that threat-related activities are “likely to continue.”
Ottawa is letting an unnamed automaker import a higher quota of U.S.-made vehicles without tariffs because the company is selling and making more cars in Canada than first expected.
World shares tumbled on Monday, with Japan’s benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel, casting a shadow over economies heavily dependent on imports of oil and gas from the Middle East.
Prime Minister Mark Carney announced Sunday the date for three upcoming byelections.
The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East.
Scott Moe says Canada needs to separate its trade talks from its national security concerns when dealing with certain countries if it is serious about diversifying trading partners beyond the United States.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
As Iran continued to exchange airstrikes with Israel and U.S. bases on Thursday, Canada’s top military commander said its Armed Forces are in talks to possibly help defend Persian Gulf states against bombing from Iran.