What’s making waves across the Atlantic
Davos, DSRB, submarines - all that you might have missed over the last week!
Canadian Prime Minister Mark Carney set the tone last week at Davos. Layoffs are in the air in Ottawa. Toronto and Ottawa jostle for the headquarters of the multinational Defence, Security and Resiliency bank. Positioning on submarines continued.
Here’s what you might have missed last week!
Between three oceans
Flowing River Capital, an Indigenous-owned and led investment firm based out of Saskatchewan, now owns 100 per cent of Marshall Land System. It held a historic event last Tuesday at the massive Marshall Land Systems manufacturing facility in Moncton, N.B., to mark the deal.
The Canadian Space Agency released three new opportunities to support organizations pushing the boundaries of Space R&D.
2. Small Business Stream (≤50 employees)
NATO and Canada | Accelerating Technology with Capabilities and Investment held a soirée to lauch the NATO DIANA 2026 Cohort. Highlights included BDC President Isabelle Hudon, who discussed the bank’s defence platform, which will make $4B of investment support available to small and medium sized businesses and innovators in the sector.
Soucy Defense released its composite rubber track (CRT) report.
TKMS and Cohere signed a teaming agreement to collaborate on decision-support tools, onboard information management, training, and naval-specific secure interfaces. Cohere’s President Emeritus, Martin Kon, highlighted AI as an essential component of national defence. Germany’s Consul General in Toronto also met with Premier Doug Ford and Minister Victor Fedeli.
The submarine pitch includes Norway, Germany and increasing industrial cooperation with Canadian firms.
Francois Robitaille’s Quebec International touted the recent decision of Finland’s Almaco to open an office in Lévis as an example of growth and investment attraction in the maritime sector.
As Toronto and Ottawa jostled over headquartering the multinational Defence, Security and Resiliency bank, the bank played a key feature in the capital’s annual business summit.
On the continent
On January 19, 2026, Latvia’s Ministry of Defence and the Canadian Commercial Corporation | Corporation commerciale canadienne (CCC) signed an Memorandum of Understanding that strengthens Canada–Latvia defence cooperation and establishes a structured government-to-government procurement framework.
The initial focus is on semi-permanent military infrastructure. Under the MoU, CCC will act as the contracting authority, enabling Canadian companies to deliver projects through a government-backed model. This agreement is a concrete pathway for increased defense procurement to strengthen Latvia–Canada cooperation in military equipment, infrastructure, and services.
The agreement comes as Canada builds out longer term plans as part of its leadership of one of four multinational battalion battle groups as part of NATO’s Enhanced Forward Presence.
Germany launched an INNOspace Masters innovation competition - and is looking for your tech transfer ideas in New Space/spin-ins and from space to non-space sectors (spin-offs)!
The Berlin Partner Unit for Mobility and Logistics is planning a corporate trip to Canada for the aerospace industry from April 12 to 16, 2026. The Berlin Partner für Wirtschaft und Technologie GmbH business initiation trip to Canada is on behalf of Germany Trade & Invest (GTAI) for expansion-oriented companies.
Canada-Europe business deals
Ottawa-based Senstar Technologies (Nasdaq: SNT) has announced an agreement to acquire Munich-based LiDAR start-up Blickfeld, subject to regulatory approval.
The criticals
In a boost to Canada’s critical minerals strategy, Ontario designated Canada Nickel’s Crawford nickel-sulphide project (the Western world’s largest) under its “One Project, One Process” (1P1P) framework, aiming for a construction decision by year-end and first production by Q4 2028.
This follows the federal government’s referral to the Major Projects Office in Nov 2025, making Crawford the only Canadian mine with dual fast-track status from both levels of government.
Ontario Energy and Mines Minister Stephen Lecce hailed the move as “lightning speed” to unlock the Timmins deposit, projecting over 4,000 jobs, $70 billion in GDP impact, and a domestic supply chain to counter China’s dominance, while leveraging Crawford’s net-zero potential through In-Process Tailings carbon storage.
Core Critical Metals Corp. applauded the milestones on January 18, underscoring the Timmins Nickel District’s district-scale resources exceeding 20 million tonnes of nickel.
Your next bound:
Canadian defence events:
Vanguard’s annual C4ISR conference is held today (Jan 27), in Ottawa.
If you prefer Ships, Vanguard’s annual Shiptech forum takes place the following month, 24 Feb, in Ottawa.
CDA’s annual Ottawa conference will be 5-6 Mar, 2026. The high-level event is already 70% sold out.
Registration ends soon for CADSI’s CAF Outlooks 7-9 April in Ottawa.
Registration opens soon for CANSEC - May 27-28, Ottawa.
European defence events:
Navy Tech and Seabed Defence Navy Tech Overview - Navy Leaders 3-5 Feb in Sweden.
Danish Defence Annual Conference (DDAC) takes place next week in Copenhagen.
A save-the-date was issued for the European Defence Fund Info Days 10-11 Mar in Brussel.
ITEC 2026, Europe’s largest defence training technology exhibition and technical conference Mar 25-27.
Undersea defence technology (UDT) takes place Apr 14-16 in London (United Kingdom).
Europe’s largest land domain conference, Eurosatory, is planned in Paris, 15-19 June.
The largest airshow takes place in England, Farnborough International Airshow | Farnborough International Airshow 20-24 July, 2026.
Canada is the lead nation at Poland’s MSPO - 34th International Defence Industry Exhibition MSPO ‹ Targi Kielce S.A. 8-11 Sept 2026. MSPO is Canada’s second largest defence presence internationally and a gateway to Ukraine.
Critical Minerals:
PDAC is planned in Toronto Mar 1-4.
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