Mark Carney announced Canada would meet NATO’s old two-percent-of-GDP military spending target by the end of the fiscal year and injected an additional $9.3 billion into the defence budget to rebuild munitions stocks and increase overall defence spending.→Mark Carney supports a major increase in military spending, pledging $81.8 billion over five years to rearm and rebuild the Canadian military and to meet NATO’s two-percent spending target this fiscal year, calling the effort 'generational'.
NewsDec 5, 2025