Canada buys 12 cutting-edge submarines from Germany's TKMS

Canada has selected German company TKMS to build 12 state-of-the-art submarines in one of the country's largest-ever defence contracts. Prime Minister Mark Carney announced the decision on Monday, with TKMS beating a South Korean rival in a tightly contested bid. The multibillion-dollar deal is set to deepen Canada's NATO ties ahead of a key alliance summit.