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Canada's Auto Sector Boosts $9.3B Military Spending Amid Tariffs

6/11/2025

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Summary

Story summary

Canada's auto sector is gearing up to bolster a $9.3 billion defense spending initiative, as Industry Minister Mélanie Joly underscores the urgency for military vehicle production. With U.S. tariffs looming, Prime Minister Mark Carney is determined to meet NATO's 2% GDP military spending goal, even as Canadian exports plummet by nearly 16% in April.

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Story summary

Canada's auto sector is gearing up to bolster a $9.3 billion defense spending initiative, as Industry Minister Mélanie Joly underscores the urgency for military vehicle production. With U.S. tariffs looming, Prime Minister Mark Carney is determined to meet NATO's 2% GDP military spending goal, even as Canadian exports plummet by nearly 16% in April.