OTTAWA - The Canadian government unveiled a CAD64 billion defense budget Tuesday, signaling a major initiative to bolster its domestic defense industrial base and expand partnerships with allies amid an increasingly "shaky and unpredictable" relationship with the United States. The plan, announced by Prime Minister Mark Carney, represents a CAD9 billion increase and includes a proposal to set aside an additional CAD81 billion for the military over the next five years, but the spending plan lacked some details on precisely how that money would be spent. The additional spending means Canada will hit NATO's previous goal of spending two percent of GDP on defense in the coming year. The government also says it will reach NATO's revised defense spending target of five percent of GDP (3.5 percent on core defense plus 1.5 percent on security-related investments) by 2035.

The budget includes CAD12 billion in new investments, with CAD6.6 billion earmarked for developing Canadian manufacturing sources and CAD6.2 billion for expanding defense partnerships with other allies, including support for Ukraine. A new Defense Investment Agency will be created to streamline procurement and prioritize Canadian firms. Key acquisition goals include the domestic production of up to 15 River class guided missile destroyers based on a British design, investments in the U.S.-led Golden Dome air and missile defense system, and the replenishment of munitions and ground vehicles.

The reforms aim to modernize a procurement system Canadian officials describe as too slow for the current geopolitical environment. The budget also designates funding for advanced technology, including CAD4.6 billion over five years for projects in artificial intelligence, quantum computing, and cyber. A further CAD182 million is allocated to establish a domestic space launch capability, and CAD1 billion will capitalize a new program to finance smaller defense suppliers.

Source: Forecast International
Associated URL: https://www.politico.com/news/2025/11/04/canada-defense-united-states-industrial-base-00635414

SANDY HOOK, Conn. - In observance of Veterans Day, Forecast International will not issue an EMarket Alert on November 11, 2025. The next alert will be sent on November 13.

We thank all veterans for their service, dedication and hard work. And thanks to the military families for their support resilience and sacrifice.

Source: Forecast International
Associated URL: www.forecastinternational.com

WASHINGTON - Kazakhstan President Kassym-Jomart Tokayev is expected to announce Thursday at the White House that his country will join the Abraham Accords, U.S. officials told Axios. The step aims to revive the U.S.-led framework linking Israel with Arab and Muslim nations and to bolster Israel's standing after the Gaza war. Kazakhstan and Israel have had full relations for more than 30 years, so the move is symbolic, officials said. Tokayev is visiting as part of a summit with leaders of five Muslim-majority Central Asian states and also signed a critical minerals agreement with the U.S.

During Tokayev's meeting with President Trump, the two are expected to call Israeli Prime Minister Benjamin Netanyahu and announce Kazakhstan's intention to join, with a formal signing to follow. The administration hopes momentum will build before Saudi Crown Prince Mohammed bin Salman's planned Washington visit on Nov. 18. Trump has urged Saudi Arabia to join, but officials say a Saudi-Israeli deal remains distant.

Source: Axios
Associated URL: https://www.axios.com/2025/11/06/kazakhstan-join-abraham-accords-trump-israel