However, our territorial claims will be ignored if we don't boost funding in a navy fleet, coast guard fleet and/or ports to assist with patrolling. Unfortunately, it's easier said than done given our lack of appetite for even higher taxes which would probably come in the form of a GST hike.
It seems our options are:
1) Raise funds to patrol or enforce our territory;
2) Partner with other countries and attempt to negotiate minerals, resources or access in exchange for adherence and continued international recognition of Canada's territorial claims; or
3) Do nothing.
look at climate changes during last 2-3 thousand years and how whole empires/civilizations got appeared and disappeared as a result.
On the [kind of] positive side [for high-tech industry i mean] Canada will become a big customer for air-, ground-, navy- and submarine drones :)
We're talking shipping that's not coming from or going to Canada. According to Canadians in this discussion, we're talking about that shipping going through remote, unsecured areas where the Canadian government struggles (or fails) to provide services like search and rescue.
All fringe interest in banning shipping through these waters aside (as Canada will not actually do that), the Canadian claim here seems to be a naked grab for money. It can't provide services in that area and it can't meaningfully regulate shipping activities there. All it can do is sit at a few choke points and collect fees.