Prime Minister Mark Carney has announced Canada will massively increase military spending to meet NATO’s defence spending target of 2 percent of GDP by the end of the current fiscal year in March 2026.
“As the world grows more dangerous, Canada will ensure our country is protected from coast to coast to coast, while creating higher-paying jobs across the land,” Carney said at a press conference in Toronto on June 9.
Carney said while the United States had long been Canada’s closest ally and trading partner, the country has recently begun to to “monetize its hegemony” through tariffs. He also said “rising powers” are now competing with the United States, while foreign governments and non-state actors threaten Canada’s sovereignty….