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Canada to Boost Defence Spending to 2% of GDP This Fiscal Year | News Channel 3-12
- Prime Minister Mark Carney announced Canada will meet NATO's 2% GDP defence spending target by March next year, five years early, citing global instability and US dependence.
- Canada has not met the NATO 2% GDP defence target since 2014, with much of its defence spending historically directed to U.S. suppliers, highlighting reliance issues.
- On Monday, the Canadian government announced an extra C$9 billion to boost military spending, with only one of four submarines operational, highlighting capability gaps.
- Ahead of the NATO summit in the Netherlands, Canada's increased defence spending aims to enhance operational effectiveness and strategic autonomy.
- Beyond meeting NATO’s 2%, Canada plans to advocate for a 5% GDP defense spending target at The Hague summit, aiming for greater strategic autonomy.
76 Articles
76 Articles
Penticton Western News
Princeton Similkameen Spotlight5% defence spending target 'long overdue': Vernon-Lake Country-Monashee MP
Prime Minister Mark Carney has committed Canada to spending 5 per cent of its GDP on defence by 2035. Scott Anderson approves of the idea so long as it's not an 'accounting sleight of hand'
In both war and war, Mark Carney announced major military investments to calm Donald Trump. It remains to be seen whether Defence will be able to meet the challenge.
Carney pledges massive military spending: What’s it for?
In 2023, the Washington Post embarrassed Justin Trudeau when it published a leaked Pentagon report bemoaning Canada’s “widespread defense shortfalls.” They were so bad, the paper said, they were “straining partner relationships and alliance contributions.”For years, NATO allies were frustrated that the Canadians persistently failed to meet the 2% spending target that is supposed to be the cover charge for being a member of the world’s most power…
Is it possible to spend 2% of GDP on military spending by the end of 2025? Interview with Professor Justin Massie.
The boss of the Caisse de dépôt et placement du Québec (CDPQ) does not close the door to supporting more Quebec companies in the defence industry in a context where governments want to accelerate their military investments.
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