Rumours are we're planning to split the difference; buy around 40 F-35s and 80 Gripens. This way we have a top of the line 5th Gen when we need it, and still get all the domestic and trade advantages that come with the Gripen, as well as building up our local defence capabilities. And down the line we can switch out to the 6th Gen fighter that Saab is working on, and build it right here in Canada.
It's certainly the plan that makes the most sense. The RCAF really wants the F-35. The Carney government really wants the Gripen. We need to expand our military so upping our total fleet size is a good call anyway. And with how much lower the TCO on the Gripen is, we're probably actually spending less in total over the next decade.