Canada plans to increase defense spending to meet NATO goals
Canadian Prime Minister Mark Carney will announce an increase in the country's defense spending to meet the NATO target as early as the 2025-2026 fiscal year, The Globe and Mail reports , citing sources.
It is noted that Carney will present a new plan for security and defense investments during a speech at the University of Toronto on June 9.
The new measures will allow Canada to meet NATO's requirement of spending 2% of GDP on defense, and in future years even exceed this level, the publication notes.
In March, Carney announced that the military spending plan would include salary increases for military personnel and the purchase of new equipment and technology.
According to the publication, the plan will also contain commitments to the development of artificial intelligence, cybersecurity, quantum and space technologies.
- On January 23, 2025, Trump announced that he intended to ask NATO countries to increase defense spending to 5% of GDP.
- On January 27, the FT reported that Lithuania and Estonia had pledged to increase defense spending to 5% of GDP after pressure from Trump.
- On May 26, Rutte expressed hope that Alliance members would agree to a common defense spending target of 5% of GDP.
