Carney’s ‘art of the deal’: Canada leverages subs contract for auto investment

Financial Times: Canada is playing hardball with a $40bn submarine contract as it tries to turbocharge investment in civilian sectors ranging from steel and cars to energy and mining, and boost its economic independence from the US.

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The new approach has included requests for investments in areas unrelated to defence. Kang Hoon-sik, chief of staff to South Korea’s left-leaning President Lee Jae Myung, last month said Canada’s foreign minister Mélanie Joly had solicited automotive investments from Korean carmaker Hyundai…