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Maroc Maroc - WN.COM - Americas - 06/Oct 18:42

Canadian defense and mining stocks gain as Ottawa boosts spending

Canadian defence, construction, and metal-mining stocks are poised to be among the biggest winners as Ottawa ramps up military spending and hastens the rollout of giant infrastructure projects. According to Reuters, investors are saying the dual policy changes could spur the economy and now drive long-term development in areas associated with protection and industrial progress. Already this year, stocks in some defence and construction-related firms have outpaced the broader Toronto Stock Exchange. Bombardier Inc. — the aerospace and defence manufacturer — has more than doubled on renewed confidence that government investment will keep demand high for Canadian-made military and aviation...

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