Is the Canadian Coast Guard underfunded?

The Department of National Defence is about to deploy a new family of Arctic Offshore Patrol Ships that will have a limited capability to operate in ice of up to one metre. They will certainly add to the federal government assets in the Arctic but those ships are not designed to break ice in support of maritime activity. That function has to be done by a properly designed icebreaker.
The CCG Henri Larsen entered service in 1987 (32 years old).
OTTAWA—Is the Canadian Coast Guard underfunded? “When there is more ice, you need more icebreakers. When there is less ice, you need more icebreakers.” At first, I was puzzled by this statement from a Canadian Coast Guard officer. The first part is obvious enough, the second part was less so....

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