Canada announces massive jump in funding to European Space Agency

OTTAWA (Reuters) -Canada, seeking tighter ties with the European Union, will boost its investment in European Space Agency programs by C$528.5 million ($377.96 million), a tenfold increase compared to previous contributions, a top cabinet member said on Tuesday.

Canadian Prime Minister Mark Carney, who won an April election on the back of a promise to diversify the economy in the face of U.S. tariffs, is pressing for tighter defense and security relations with the EU.

The money will be spent over a three to five year period. In a statement, Industry Minister Melanie Joly said the investment would advance research and development of Canadian-made space technologies for both civilian and defense purposes.

These include satellite communications, Earth observation, space exploration, positioning, navigation and timing, and space situational awareness, she said.

($1 = 1.3983 Canadian dollars)

(Reporting by David Ljunggren; Editing by Chris Reese)

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