The Security, Trade and the Economy program aims to provide Canadians with relevant and accessible analysis on current international economic policies with a focus on Canadian interests and trade security. Additionally, the program examines our country’s commitment to NATO’s mandate of encouraging economic collaboration and eliminating economic conflict.
Rising oil prices, shifting markets, and geopolitical tensions have left most individuals struggling from the impacts of the Iran War. However, some have reaped the benefits from trading with stocks, futures, and prediction markets. Author Esha Grewal takes a closer look at the broader security impacts from individuals profiting off the war.
As NATO allies commit to spending 5% of GDP on defence by 2035, Kaya Dupuis examines how Canada plans to finance its most ambitious military commitment since the Cold War and whether a new multilateral bank can succeed where Victory Bonds once did. Can capital markets do what kitchen-table patriotism once accomplished?
Like much else in the Canadian Armed Forces, the Royal Canadian Navy’s submarine fleet is rapidly aging out. The RCN’s second-hand Victoria-class diesel-electric submarines, built for the Royal Navy in the 1980s, will reach the end of their service life in the 2030s. The four Victoria-class submarines are already showing signs of their age, having become Read More…
The Strait of Hormuz is barely 30 miles wide at its narrowest point, yet it is arguably one of the most consequential stretches of water on earth. Through this narrow corridor connecting the Persian Gulf to the Gulf of Oman flows approximately 20 million barrels of oil per day (b/d); roughly 20% of global petroleum Read More…
Canada’s decision to replace its aging CF-18 fleet has taken on new geopolitical weight. Initially committed to procuring 88 F-35s, Ottawa began reconsidering further orders in 2025 amid deteriorating US-Canada relations, turning its attention to Sweden’s Gripen as an alternative. This article evaluates the two programs across four dimensions: homeland defence, alliance interoperability, industrial sovereignty, and combat performance. It finds that while the F-35 offers superior stealth and NATO integration, the Gripen presents compelling advantages in Arctic operability, cost efficiency, and supply chain independence. Ultimately, the right choice depends on whether Canada prioritizes allied commitments or long-term defence autonomy.
As the European Union moves to a more structured defence-industrial strategy, its new programmes are beginning to shape who gets financed to produce what, and on what terms. Canada has secured rare, privileged access to this emerging system through SAFE, but access alone does not guarantee durable industrial relevance. Are Canada, and allies, able to be meaningfully included?
As NATO faces an era of unprecedented economic coercion between allies, can a military alliance built for tanks and treaties truly protect its members from tariffs and trade wars? In this article, Kaya Dupuis examines Canadian Prime Minister Mark Carney’s landmark speech at the World Economic Forum, arguing that Canada’s pivot toward “strategic autonomy”, leveraging energy, critical minerals and bilateral trade deals as defensive tools, exposes a fundamental gap in NATO’s mandate, one that leaves middle powers increasingly vulnerable to economic threats that Article 5 was never designed to address.
Recent shifts in US defence policy have cast doubt on the reliability of the American nuclear umbrella that Canada and NATO allies have relied on for decades. While European states explore alternative deterrence arrangements through possible nuclear sharing by France and the UK, Canada’s access to these options is limited by its geography. This article argues that Canada can address this vulnerability without compromising its non-proliferation commitments by deepening its role in NORAD. Canada’s strategic importance to North America’s Arctic defence gives Ottawa unique leverage – which it should actively use to reinforce its membership within the American extended nuclear deterrence in face of mounting global security challenges.
Could Canada’s new trade policy serve as a template for the rest of NATO? This article analyses Canada’s trade diversification strategy as a case study to assess its viability as a model for achieving economic security among NATO member states.
In this article, Kaya Dupuis examines how the U.S. seizure of Venezuelan oil reserves in January 2026 creates an unprecedented opportunity for Canada to reshape North American energy dynamics. Can Canada move fast enough to capitalize on Venezuela’s decade-long recovery timeline and secure its position as the continent’s energy supplier before the window closes?