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Canada Commits $9 Billion to Military in Bid to Meet NATO Target
Canada is committing an additional $9 billion to defence spending in a bid to meet NATO’s target of allocating two per cent of GDP to the military — a benchmark the country hasn’t hit since 1990.
Prime Minister Mark Carney made the announcement Monday, unveiling a plan that accelerates the previous government’s timeline by five years. The funding includes $2.6 billion to grow the Canadian Armed Forces, $1 billion to enhance military capabilities, and $2.1 billion to expand domestic defence industries.
Speaking ahead of an upcoming NATO summit, Carney emphasized the need for stronger European partnerships and cautioned against relying too heavily on U.S. security guarantees, which he described as increasingly uncertain.
The spending boost comes as NATO members prepare to discuss raising the alliance’s defence spending targets in response to evolving global threats.
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