Canada is expected Monday to choose between German and South Korean bids to build a multibillion-dollar fleet of 12 submarines.

TORONTO, July 5 (Reuters) - Canadian Prime Minister Mark Carney will announce on Monday the preferred bidder in a contract to build 12 submarines for Canada's navy, the Globe and Mail reported on Sunday.

Trade experts tell TIME that the move could carry profound long-term consequences, creating the kind of uncertainty that discourages investment, complicates supply chains and, over time, raises costs for consumers.

Follow live updates and coverage on the 2026 World Cup as Canada and South Africa compete in the tournament’s first knockout match.

Canada is hoping to make it to the World Cup quarterfinals for the first time ever. Here's how Jesse Marsch's side will line up against Morocco.

Prime Minister Mark Carney is expected to unveil the winner of Canada's submarine competition before heading to the NATO summit, selecting either Germany's TKMS or South Korea's Hanwha Ocean. The decision will reshape Canada's naval future,

There is now a responsibility for Canadian soccer to build on the accomplishments of the heroes of the 2026 World Cup.