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My God, carriers, battleships, cruisers and destroyers, all for a navy which at the moment has destroyers. If Canada were to ramp up defence spending to WWII levels, with the attendant misery in living standards, sure it could achieve it. However, realistically you should not overburden yourselves with too many different platforms (with attendant costs in R&D, different maintenance schedules, crew training) and concentrate, as said by others with more expertise, on slotting in with the big boys. That way, more economies of scale are achieved, so instead of being a jack of all trades, you focus on a few specialities.
Not even the US Navy has a chance of renovating the old battleships, let alone building new ones.
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