Well,I have to say that this is a great decision for replace the current Leo C2 with some Leopard 2. It's been a big upgrade over our Leo 1 which served for years...
I've been told that it's not 40 Leo 2A6 but 20 Leo 2A6NL we bought and 80 2A4NL (but they were all upgraded by the Dutch to 2A5 level few years ago). And 40 of those tanks will be possibly upgraded to 2A6 Peace Support Operation Standard or just to 2A6M level (for operational purpose ) 40 of them will only be "canadianized" (since the 2A5 and the 2A6 are the same internally) or also upgraded to 2A6M or PSO standards for training purpose and 20 of them which will be converted in support and engineering vehicles.
I think that we do need to spend a little more on the defense's budget but mainly to upgrade older equipment. We don't really need a larger force, but more new equipments. Yes indeed, there's lot's of flaw on for the CF, the Army have airlifting et outdated equipement problem, the Navy and the Air Force are small and cannot support very large scale operation, but our foreign policies leans toward peaceful relation and diplomatic talks. And you have to know that at least 1/5 of our population are against war and military action (the Province of Quebec, which has 7 millions people, tends to isolate themself and react negatively against military action.)