I would expect that we'll end up with a decade of no subs and lose all our experience with Submarines, and have to make a decision on whether we bring them back of not.
With Canada's coast line and arctic obligations I believe that Submarines are pretty crucial in terms of our naval strategy. Besides providing the obvious anti-sub, anti-ship superior capabilities. They are the best intelligence gathering assets in the Navy. With a huge coast line and a small navy, Submarines are actually the ultimate force multiplier.
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