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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The International Monetary Fund (IMF) has urged Georgia to implement reforms to tackle youth unemployment. Nearly 30 per cent of people aged 15-24 are without a job in the country, according to World Bank data.
British Prime Minister Sir Keir Starmer has pledged to publish the UK government's long-awaited Defence Investment Plan ahead of next month's NATO summit in Ankara, following growing pressure over the UK's military spending commitments.
Hundreds of protesters have torn down fences surrounding a planned luxury development site in Albania, as public anger continues to mount over construction in environmentally sensitive areas.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
The global race to develop quantum computing is accelerating, with governments and technology firms investing heavily in what is expected to become a major new computing era.
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celebrations across New York City.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
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