New Canadian defense spend boosts domestic firms

Canada Boosts Defense Spending to Hit NATO 2% Target, Eyes Europe

Prime Minister Mark Carney has broken from decades of caution. He pledged an extra US $6.6 billion (CA $9 billion) for the Department of National Defense in the current fiscal year, moving Canada to the NATO 2 percent-of-GDP benchmark by April 2026 and signalling the start of a long-term shift toward European partnerships.

Canada Boosts Defense Spending to Hit NATO 2% Target, Eyes Europe Read More ยป