Canada's Military Investment Announcement

Considering the Prime Minister’s announcement about ramping up Canada’s defense budget very quickly to 2 percent of GDP from the current levels within a year, do you think considering investing in companies that have Canadian operations such as RTX (8000 employees in Canada) and General Dynamic (4400 employees in Canada). I know you like LMT who have 1000 employees in Canada. I figure the government will try to prioritize companies with Canadian operations.

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Asked on June 9, 2025 2:19 pm

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Private answer

It really depends. It is hard to establish where the money will be spent, and if there is no Canadian company that produces the goods on the ramp up in spending, they will obviously need to head south of the border to get it.

One interesting option you could look at if you're looking to get exposure to all of these defense companies is something like XAD.TO.

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Posted by Dan Kent

Answered on June 10, 2025 8:02 am

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