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Carney, NATO allies meeting to debate new defence spending target

  • NATO leaders are meeting in The Hague on June 26, 2025, to debate increasing the defence spending target from 2% to 5% of GDP.
  • This proposal follows pressure from President Trump, who threatened to abandon commitments if members did not raise spending.
  • The 5% target includes 3.5% for core defence needs like jets and weapons and 1.5% for defence-adjacent areas including infrastructure and cybersecurity.
  • Canada spent $41 billion on defence in 2024, and achieving 5% GDP would raise this to about $150 billion, nearly doubling current budgets.
  • Allies, including Britain, France, Germany, and the Netherlands, agree on the target, though Spain and Slovakia have expressed difficulty meeting it.
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City News broke the news in Toronto, Canada on Wednesday, June 25, 2025.
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