Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
Canadian Prime Minister Mark Carney said Monday that his government will significantly boost defense spending to meet NATO’s 2% of GDP requirement in the current fiscal year, accelerating a target initially set for 2032.
“Now is the time to act with urgency, force, and determination,” Carney declared during a speech in Toronto, emphasizing the need for Canada to bolster its military capabilities amid growing international instability.
Canada has long faced pressure from the United States and other NATO allies to increase its defense budget, which has hovered around 1.4% of GDP in recent years.
Carney’s plan includes increased pay for military personnel and major acquisitions such as submarines, aircraft, ships, artillery, and armored vehicles. The government will also invest in advanced radar systems, drones, sensors, and underwater monitoring tools to enhance surveillance, particularly in the Arctic and along the ocean floor.
The announcement marks a major shift in Canada’s defense posture and comes as NATO members intensify efforts to meet alliance commitments amid heightened global tensions.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 14th of August, covering the latest developments.
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