Canada to Meet NATO Defense Spending Target This Year

I announce today that Canada will reach NATO's two percent goal this year – half a decade earlier than planned, says Mark Carney during a speech at the University of Toronto.

According to the defense alliance's information, Canada was estimated to spend 1.33 percent of GDP in 2023.

Furthermore, Carney says that Canada in a "darker" world must reduce its security dependence on the US, diversify the country's procurement of defense equipment and improve the relationship with the EU.

Canada's message comes after NATO Secretary General Mark Rutte last week officially proposed five percent as a new budget target for defense.