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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Canada signs landmark EU defence pact, joins $237B arms procurement fund (Western Standard)


Prime Minister Mark Carney on Monday at an EU-Canada summit in Brussels formally signed a historic security and defence pact between Canada and the European Union.

In signing the agreement, Carney cemented Canada's participation in the EU’s €150 billion (C$237 billion) joint arms procurement fund (SAFE), a five-year loan facility that allows participating countries to borrow funds to jointly purchase military equipment.

The €150 billion figure represents the total borrowing capacity of the fund, not a fixed contribution by Canada or any other single country. Canada will only be responsible for repaying the amount it chooses to draw from the fund ...

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