24 h. ago NATO spending pledge could push federal deficit as high as $92B: think tank

The C.D. Howe Institute predicts Ottawa's spending plans will push deficits over the next four years to more than double the parliamentary budget officer's pre-election forecast.

Economics

3 d. ago Volatus Aerospace Supports Canada’s Commitment to Strengthening Defense and NATO Alignment

TORONTO, June 30, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) welcomes the Government of Canada’s pledge to increase defense spending to 2% of GDP and its endorsement of NATO’s new target of defense spending to 5% by 2035. These measures signal Canada’s strengthened commitment to national sovereignty and collective allied readiness […]

Events

4 d. ago As Defence Spending Rises, Canadian Veterans Must Not be Left Behind

OTTAWA, Ontario, June 30, 2025 (GLOBE NEWSWIRE) — Canada is now on track to meet NATO’s 2% GDP defence spending target—a critical step for national security and an important signal to our allies that we take our global responsibilities seriously – and has signed on to a further commitment of 5% by 2035. But as […]

Events

7 d. 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

8 d. ago What is NATO’s new 5% defence spending pledge, and how will Canada meet it?

Here's what to know about the new spending target, its two categories of 'core defence' and broader defence-related infrastructure, and how Canada plans to achieve each.

Events

8 d. 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

9 d. 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

9 d. 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

9 d. 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

9 d. ago NATO leaders agree to hike military spending and restate ’ironclad commitment’ to collective defence

THE HAGUE, Netherlands — NATO leaders agreed on Wednesday on a massive hike in defence spending after pressure from U.S. President Donald Trump, and expressed their “ironclad commitment” to come to each other’s aid if attacked. The 32 leaders endorsed a final summit statement saying: “Allies commit to invest 5% of GDP annually on core […]

Events

9 d. 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

9 d. 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

9 d. ago Cuerpo Says Spain Defense Spending Is Enough to Meet NATO Needs

Spain’s Economy Minister Carlos Cuerpo has said the country will increase its defense expenditure as much as necessary to achieve NATO capability goals, but is sticking to its resistance to a goal of 5% of GDP.

Events

9 d. ago Canada will pay for NATO spending hike partly by developing critical minerals: Carney

'Some of the spending for that counts towards that five per cent (target). In fact, a lot of it will count toward that five per cent because of infrastructure spending'

Sport

1 week 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

1 week ago Iran is ‘the elephant in the room’ as NATO meets amid escalation fears

The two-day NATO summit is set to focus on boosting allies' defence spending, but is starting a day after Iran retaliated against U.S. military strikes on its nuclear facilities.

Other

1 week ago Carney to begin talks on NATO spending target as summit starts today in The Hague

THE HAGUE — Prime Minister Mark Carney begins a two-day stop Tuesday in the Netherlands, where NATO alliance members are prepared to decide whether to more than double the defence spending target. The main talks in The Hague won’t happen until Wednesday, with Carney first set to take part in several bilateral meetings. Carney will […]

Culture

1 week ago Carney to talk NATO defence spending hike as summit kicks off

While the main talks on NATO defence spending won't take place until Wednesday, Prime Minister Mark Carney is expected to discuss the issue during bilateral discussions.

Events

1 week ago NATO to take ‘quantum leap’ with 5% military spending target

The 32 members of the alliance will pledge to boost defence expenditure to five percent of gross domestic product, a key demand of President Donald Trump

Events

1 week 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