Canada to Meet NATO’s 2% Defence Spending Target Early
Prime Minister Carney will announce a significant increase in Canadian defence spending, enabling the country to meet NATO’s 2-percent GDP target this fiscal year—years ahead of previous projections. This substantial investment, exceeding previously anticipated sums, will include modernization of the Canadian Armed Forces, bolstering Arctic surveillance capabilities, and accelerating military equipment procurement. The plan addresses criticisms of insufficient defence spending, particularly in light of global threats and aligns with Canada’s commitment to NATO. Further details, including specific dollar figures, will be released on Monday.