Canada, as the third country into space, has a competitive advantage to maintain and is an industry leader and innovator in the space sector;
Canada’s space sector includes some of our most innovative companies, universities and research institutions and employs our brightest minds: in 2016, our space sector achieved $5.5 billion in revenue, employed 10,000 Canadians, and supported close to 22,000 jobs;
The global space market is worth over USD $383.5B today; analysts forecast it will grow to be a multi-trillion-dollar market in coming decades;
Canada is very well positioned to take advantage of the growth in the global space sector;
However, Canada has been facing declining investments in space for several years, and has had no long-term space plan for decades;
Without a fully funded space strategy, Canada’s space program will continue to wither and our place as a leader in the sector will slip to other countries; and
Canada needs a Federal Government funded space strategy to keep our space sector competitive and ensure Canada’s place in space for generations to come.
We, the undersigned, members of Canada's space sector, call upon the Government of Canada to develop a new space strategy that will secure Canada’s place in space and fully fund that strategy in Budget 2019.
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