7 d. ago Defence spending to add ’staggering’ sum to deficit by 2035: Think

OTTAWA — The C.D. Howe Institute predicts Ottawa’s recently announced spending plans — which include a much bigger defence budget — will drive its deficits markedly higher in the coming years. In a new analysis released Thursday, the think-tank said it expects Canada’s deficit to top $92 billion this fiscal year, given Prime Minister Mark […]

Events

1 week ago What counts for NATO’s defence infrastructure spending? Not just minerals

Defence and economic policy experts agree the NATO agreement is broad enough that it affords allies a lot of wiggle room to justify certain projects as being defence-related.

Economics

2 w. ago Expect higher deficits to meet Canada’s 5% NATO defence spending target

Carney said Canada will spend $150 billion annually on defence, but economists say it will be much more

Events

2 w. ago Carney says world is at ‘turning points’ as he touts defence spending boost

Prime Minister Mark Carney said increasing defence spending to meet NATO targets could come with benefits for Canadians, but also potential 'trade-offs.'

Events

2 w. ago Canada commits to new NATO defence spending target of five per cent of GDP

The new target was the product of significant pressure by U.S. President Donald Trump

Events

2 w. ago Canada commits to new NATO defence spending target of 5% of GDP

The new target was the product of significant pressure by U.S. President Donald Trump

Events

2 w. ago Carney, NATO allies meeting to debate new defence spending target

THE HAGUE — NATO leaders are meeting to debate whether to more than double the alliance’s defence spending target. Prime Minister Mark Carney is among the leaders around the table at the annual leaders’ summit in The Hague, where a proposal is being discussed to increase the target to five per cent of annual GDP, […]

Events

2 w. ago Carney says Canada will spend 5% of its GDP on defence by 2035

THE HAGUE — Prime Minister Mark Carney says Canada and its NATO allies have agreed to substantially hike their defence spending target to five per cent of annual GDP by 2035.  At a press conference outside the NATO summit in The Hague Wednesday morning, Carney said Canada can no longer rely on geography to protect […]

Events

2 w. ago NATO chief praises Trump on Iran, defence spending push in text message

Trump posted screenshots of the text message to his Truth Social website as he headed to the NATO summit at the Hague. A NATO spokesperson confirmed the text was legitimate.

Events

2 w. ago NATO leaders expected to hike defence spending, but it won’t apply to all

The five per cent goal is made up of two parts, including agreeing to a hike pure defence spending to 3.5 per cent of GDP, up from the current target of at least two per cent,

Politics

2 w. ago Spain rejects proposed defence spending hike ahead of NATO summit

Prime Minister Pedro Sánchez wrote in a letter that “committing to a five per cent target would not only be unreasonable, but also counterproductive."

Events

3 w. ago NATO’s anticipated defence spending increase ‘unreasonable’: Spain

Prime Minister Pedro Sanchez said that Spain 'cannot commit to a specific spending target in terms of GDP' at next week's summit

Events

last month Funding, procurement backlogs challenge Carney’s defence spending pledge

PM Carney vows Canada's defence spending will meet NATO's 2% benchmark this year, but it may be easier said than done

Events

last month Why turning Canada’s new defence spending into economic growth may be ‘easier said than done’

Defence procurement process has gained a reputation for being long and cumbersome and is often hit with delays

Events

last month Lorne Gunter: Never mind the numbers, Carney's pledge to boost defence spending is welcome news

Carney promised to raise defence spending to two per cent from 1.7 per cent of GDP  by the end of the current fiscal year.

Events