Originally posted on National Post | News:
Canadians don’t get a say in who’s elected to the White House Tuesday, but we’ve got skin in the game since the result will have wide-ranging impacts for us.
Here’s a look at how a Mitt Romney presidency or a Barack Obama second term could affect Canadians:
Canada’s reliance on the U.S. and the American military for its defence and security is unparallelled. It’s one of the main reasons this country gets away with spending just over one per cent of GDP on the military when the NATO target is two per cent.
The U.S., for the record, spends about four per cent of its GDP on defence.
That is expected to change as cuts to American military spending are inevitable given the state of the U.S. economy and its multi-trillion-dollar deficit. The degree of reduction, however, depends on who comes to the White House.
Romney’s plan will…
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