sector to rally as Canada pledges more military spending, expert says

News Snapshot:

Canada’s commitment to pledge five per cent of gross domestic product (GDP) to defence spending by the next decade could serve as a tailwind for the sector, and a needed investment in “self readiness,” one expert says. The commitment comes amid an ongoing war between Russia and Ukraine, tensions between China and Taiwan and conflicts involving the U.S., Israel, Iran and Hamas. “Canada has never even met two per cent in decades,” Jeff Hull, senior financial advisor of Manulife Wealth Inc. told BNN Bloomberg in a Wednesday interview. “So, to have five per cent as a goal for one is...