Carney to announce Canada will meet 2% NATO spending target by March
- Prime Minister Mark Carney announced on June 10, 2025, that Canada will meet NATO's 2% military spending target by March next year.
- This acceleration follows concerns about Canada's aging military infrastructure and equipment and a need to reduce reliance on the United States.
- Carney introduced a defence plan focused on four key areas: increasing investment in personnel and military hardware, enhancing overall capabilities, bolstering the domestic defence sector, and broadening Canada's defence relationships, particularly with European partners.
- The government will increase defence spending by C$9.3 billion this fiscal year, invest in submarines, aircraft, ships, vehicles, drones, and sensors, and review the purchase of F-35 jets to enhance readiness.
- Canada's earlier achievement of the 2% target suggests a shift toward greater military self-reliance amid rising global threats and upcoming NATO and G7 summits.
128 Articles
128 Articles
Defence sector in southwestern Ontario hopeful new military spending comes here
Some in the London region's defence sector are reacting positively to Mark Carney's announcement that Canada will significantly boost military spending to meet its obligations and adapt to a new, uncertain reality where the United States is no longer seen as a reliable ally.
How Canada Plans to Reach the Long-Elusive NATO Spending Target
News Analysis What has long seemed unattainable for successive Canadian governments—meeting NATO’s current defence spending guideline—will be reached this year, Prime Minister Mark Carney said. Increasing the pay for soldiers and repairing existing Canadian Armed Forces equipment are some of the measures being planned to reach the target. Carney announced on June 9 Canada will spend 2 percent of its gross domestic product on defence this year, b…
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