+1 Ex-Dragoon, there was a time not that long ago when the British and many others thought that retaining certain naval capabilities was an anachronism. No one expected the Royal Navy to sail halfway around the world to fight a Latin American power. The possibility of a war with the Warsaw Pact was the most plausible reality in the late 70's early 80's. But history shows that in war new realities have a way of popping up (sometimes these realities are not all that new but we're often so preoccupied with present realities that we fail to see the big picture and miss other evolving threats).
Just because Canada's greatest national security threat presently comes from a country or countries which does not require us to respond with naval assets, does not mean out future threats will be of the same nature. Many third world countries are improving their navies and not all of them are necessarily friendly to the west, and even if they seem friendly now, their future plans are suspect, eg. China. Cdn Blackshirt, it would be unwise to handicap our navy, when we obviously can never tell what what lies over future horizons. Mark my word, if Canada does not take immediate steps to halt the decline of its blue water naval capability, and take concrete steps to bring new capabilities on board to meet future threats, it will only be a matter of when not if, we pay the catastrophic consequences.