"Budget 2008"

CDA Commentary 3-2008 December 1, 2008--the conclusion:

...
It is reasonable to understand that we are passing through “interesting times,” to use that old, but still apt, turn of phrase.

It is also reasonable to understand that the wild swings that we have seen in terms of strategic commodity prices, exchange rates, housing “Bubbles,” a massive deleveraging of the derivatives market, the cratering of stock market valuations, and a myriad of other financial crises have been occupying the attention of policy-makers.

But it is also reasonable to remember that the Canada First Defence Strategy [see here and here],represents a covenant between the nation and its soldiers, sailors, and air crews, and their supporting staffs, both uniformed and civilian.

The Investment Plan is a critical part of the Canadian defence covenant because it determines whether the Future Force will be adequately equipped. And that is why
it is so critical that it meet the government's timelines.

Unfortunately, at this Commentary is finalized at the beginning of December, we have yet to see that Investment Plan.

John McCrae had something to say about covenants: "if ye break faith …."