US EditionCanada to Boost Defence Spending to 2% of GDP This Fiscal Year | News Channel 3-12
- Prime Minister Mark Carney announced Canada will boost defence spending to meet NATO's 2% of GDP target this fiscal year.
- This commitment follows Canada’s historical underperformance, having spent only 1.45% of GDP on defence in 2024 despite pledges since 2014.
- The new defence investment plan includes billions in spending, investing in submarines, aircraft, ships, vehicles, radar, drones, and sensors to enhance sovereignty and maritime surveillance.
- Carney emphasized that Canada should reduce its reliance on the U.S. for defense capital expenditures and focus future investments on supporting domestic manufacturing.
- The accelerated spending aims to reflect evolving global threats and prepare Canada ahead of NATO's June summit and a new NATO Defence Industrial Pledge at the Canada-EU summit.
69 Articles
69 Articles
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.
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.
Canadian Military Surpassed 2025 Recruitment Goal, 55 Percent Increase Over Year Prior
Canada’s military welcomed 6,706 new regular force members in the 2024-2025 fiscal year, marking a 55 percent increase from the previous year, to exceed its recruitment goal of 6,496. The Canadian Armed Forces (CAF) has experienced “significant growth” in recruitment of regular force members compared to the 4,313 members gained in 2023-2024, and the 3,927 members gained in 2022-2023, the Department of National Defence told The Epoch Times in a J…
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