Canada Defence and Security Report 2016 - Business Monitor International - Industry Reports

Canada Defence and Security Report 2016

Canada Defence and Security Report 2016 - Business Monitor International - Industry Reports
Canada Defence and Security Report 2016
Published Apr 30, 2016
38 pages — Published Apr 30, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The size of Canada s defence budget is modest in comparison to other major Western states. Canada s military expenditure has declined over the past five years in USD value and maintained its - of GDP annual commitment to defence. ...Canada s military expenditure has declined over the past five years in USD value and maintained its - of GDP annual commitment to defence. Canadian defence expenditure has dropped yearly since ----, despite announced intention by the Government that it would maintain readiness and address looming issues of equipment essential to maintaining critical capability. Each past defence budget was planned by the government to increase but these have not carried through to actual acquisitions. ...We initially expect a -.- y-o-y increase on ---- figures, reaching a value of USD--.--bn. However, we highlight that some key acquisitions that were anticipated to move forward could yet again face delays and offset this positive outlook.

...BMI View: Canadian defence spending will be modest in ---- but an improvement on the four consecutive years of negative growth the country has experienced since ----. However, amid the government s ongoing fiscal consolidation program and budgetary limitations - not to mention the country s stable security landscape - we note that this forecast is likely to be revised downward. ...However, amid the government s ongoing fiscal consolidation program and budgetary limitations - not to mention the country s stable security landscape - we note that this forecast is likely to be revised downward. Indeed, despite the armed forces requirements to replace ageing systems and renewed commitment towards developing the local industry, the funding available will instead mostly continue to be taken up by personnel and operational expenses amidst the country s ongoing commitment to international peacekeeping missions. Indeed, despite the armed forces requirements to replace ageing systems and renewed commitment towards developing the local industry, the funding available will instead mostly continue to be taken up by personnel and operational expenses amidst the country s ongoing commitment to international peacekeeping missions. ...Indeed, despite the armed forces requirements to replace ageing systems and renewed commitment towards developing the local industry, the funding available will instead mostly continue to be taken up by personnel and operational expenses amidst the country s ongoing commitment to international peacekeeping missions.

...Demand for defence products in Canada is significant, as the Armed Forces seeks to replace some its ageing equipment amid its growing involvement in international missions. However, funding available for new procurement remains limited and adverse economic conditions continue to hinder the uptick in defence expenditure. ...

  
Source:
Document ID
2042-4221
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Canada Defence and Security Report 2016" Apr 30, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Canada-Defence-and-Security-Report-2016-2026-1246>
  
APA:
Business Monitor International - Industry Reports. (2016). Canada Defence and Security Report 2016 Apr 30, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Canada-Defence-and-Security-Report-2016-2026-1246>
  
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