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Canada to Boost Defence Spending to 2% of GDP This Fiscal Year | News Channel 3-12
- On Monday, it was revealed that Canada plans to increase its defence budget this fiscal year to reach NATO’s target of two percent of GDP.
- This commitment follows years of Canada falling short of its 2014 pledge to meet the NATO spending target amid rising global security concerns.
- The government plans immediate development of a new defence policy and will invest in submarines, aircraft, ships, vehicles, radar, drones, and sensors to improve sovereignty and maritime surveillance.
- Carney highlighted the need to decrease dependency on the U.S. for defense equipment investments, advocating for a greater portion of Canada's defense capital to be spent domestically in order to strengthen national security.
- Canada will support the $234 billion ReArm Europe program and aims to present this new defence plan ahead of the NATO summit in The Hague and the upcoming G7 meeting later this month.
74 Articles
74 Articles
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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…
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Soldiers from N.B. serving near Russia return home to increased defence spending
New Brunswick soldiers tasked with deterring Russian aggression on NATO's eastern flank are expected to benefit from new spending on recruitment, pay raises and accelerated investments in equipment and technology that were promised this week by Prime Minister Mark Carney.
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