Canada Defence Spending

Canada Eyes European Military Buildup by July 1

Prime Minister Mark Carney aims to finalize a concrete agreement with European partners by Canada Day, July 1, to participate in their €1.25 trillion defence rearmament plan. This initiative seeks to reduce Canada’s heavy reliance on the U.S. for military equipment, currently accounting for 75% of defence spending. While Carney confirmed increased defence spending is necessary and Canada will participate in NATO’s increased spending goals, he rejected President Trump’s “Golden Dome” missile defence proposal and avoided committing to a specific percentage of GDP for defence spending. A fall budget will address these details.

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