Holt wants to help grow N.B.’s defence sector amid historic federal spending surge | CBC News

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holt-wants-to-help-grow-nb.'s-defence-sector-amid-historic-federal-spending-surge-|-cbc-newsHolt wants to help grow N.B.'s defence sector amid historic federal spending surge | CBC News

New Brunswick·New

The New Brunswick government has released a strategy aimed at boosting economic activity in the defence sector, with Premier Susan Holt hoping to see defence-related activity in the province increase by 31 per cent by 2030.

Premier Susan Holt wants to see N.B.’s defence-related GDP climb 31% by 2030

Aidan Cox · CBC News

· Posted: Nov 03, 2026 5:00 AM EST | Last Updated: 26 minutes ago

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A sign on a black grated fence with stone pillars that reads Welcome to 5th Canadian Division Support Base The Home of the Army GagetownOttawa has earmarked about $1 billion to be spent largely on upgrading the range and training facilities at 5th Canadian Division Support Base Gagetown. (CBC News)

The New Brunswick government wants to boost defence-related economic activity in the province and is hoping a new strategy can help achieve that goal. 

Premier Susan Holt on Monday announced the government’s release of a framework aimed at growing the province’s defence industry, with a target of increasing GDP related to it from $762 million last year to $1 billion annually by 2030.

“We’ve always played a big role in Canada’s defence, and we are ready to play a bigger one,” Holt said, standing outside the entrance to 5th Canadian Division Support Base Gagetown. 

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