So here are my genuine thoughts on the matter

. The `Canadian (PC) government will never bring back any form of the Arrow (they (conservative govt) were the ones that tried to wipe it from memory). Furthermore the infrastructure needed and the experienced skill set required is genuinely not there - how do I know? Cause if anyone at bombardier tries to distract the team from working on the C series jet ... well lets say it is not favourable - Bombardier is genuinely hurting for (experienced) engineers. In addition, the Canadian aerospace industry is developed in the civil market because Canada does not have a military aircraft (tactical fighter) business to attract and retain the required people. However the civil business has been kind to Canada - Twin Otter, Buffalo, Cl-415 etc.....
Don't get me wrong if the Arrow Idea ever started to take off I would be on board that flight no problem - but here are some stoppers - It would take some serious brass ones to say to the USA machine - sorry we are going our own way and we are no longer interested in the F-35. The only reason you would do that is because you need, jobs? independence? or a fantastic interceptor - Interceptor? really? do we need one? I have to assume the F-18 does fine in an intercept role when required for NORAD or what have you, and can with out problem convert to air to ground. In my previous post I suggested a mixed fleet but that says we need two parts and logistics and oh yes training streams when we are already recruiting former RAF pilots cause we do not have enough kids to fill the CF-18 seats. (noted that the RCAF are currently looking for are those with experience : Harrier, Tornado etc...)
The CF-18 "CAN" (E/F+) are IMHO the best solution to our nations challenges.
1) Twin Engine - safety and reliability ( yes it comes with some extra costs)
2) Stealth options (See the offer to india)
http://www.flightglobal.com/news/articles/aero-india-video-boeing-reveals-advanced-super-hornet-options-352926/3) Known Aircraft to US military and has the interop proven due to the fact it is in USN service and still in production for said.
4) has a tail hook - for our shorter CND runways and the North
5) Performance = to or greater than F-35 ??? ( this depends on whos eyes you look through)
6) True Multi Role Config ( the F-35 is assumed to be a compromised aircraft for all the participating nations )
7) Possible Canadian Production ?

Cost - lower than F-35 including maintenance because of the coatings etc..
9) In production and offered to other nations such as Denmark and Brazil
10) Available Now
There is a reason the F-18G is flying in Australia ... the Growler was a replacement for the F-111 and the F-18 C/D were to be replaced by the F-35 - Depending on the timing I would suggest that if I were running the political system in AUS - It would be easy to say the F-35 is too much and too late so....lets do cost savings and get the best bang for our buck and get the latest and greatest F-18 E/F as it streamlines training/parts etc...?
http://www.thestar.com/opinion/editorialopinion/article/973799--f-35-a-poor-fit-for-canadaFor discussion