Its just some blog from 2004, but its a good read. I'm surprised the Conservatives aren't countering Ignatief's stance on fighter jets "for the right price" using this piece of tragic history.
http://madcanuck.blogspot.com/2004/1...ubmarines.html
Quote:
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In 1993, there was a federal election in which the Liberal party attacked the conservatives for their planned defence spending, lambasting it as being extravagant. When the Liberals won, they promptly cancelled the Cormorant contract (paying almost $500 million in penalties) and instead of buying the modern nuclear-powered subs, they decided to buy some used diesel-powered submarines from Britain.
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End of the story...one sub caught fire killing a Canadian crewmember, and the Liberals ended up buying the Cormorant anyways.