Canada selects Swedish Saab surveillance planes over US options

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Published: 1 day ago

Canada announced Wednesday it will purchase Saab's GlobalEye early warning jets over US alternatives, as PM Carney's government reduces dependence on American defense contractors. The deal involves Swedish-made aircraft based on Canadian Bombardier Global 6500 platforms. CAD may see modest support from reduced US defense spending and stronger Nordic ties. However, the defense procurement shift represents longer-term policy rather than immediate economic impact for major currency pairs.

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