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Canada Boosts Defense Spending to $60 Billion by 2026

6/26/2025

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Summary

Story summary

Canada's Prime Minister Mark Carney is set to elevate defense spending to over $60 billion by 2025-26, aligning with NATO's 2% GDP goal. Experts stress the urgency for investment in cutting-edge defense technology, especially dual-use innovations. As global military needs rise, companies like BigBear.ai and Palantir are stepping up their contributions in defense and AI.

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Story summary

Canada's Prime Minister Mark Carney is set to elevate defense spending to over $60 billion by 2025-26, aligning with NATO's 2% GDP goal. Experts stress the urgency for investment in cutting-edge defense technology, especially dual-use innovations. As global military needs rise, companies like BigBear.ai and Palantir are stepping up their contributions in defense and AI.