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Canada Accelerates Defense Spending to Meet NATO Goals

10/8/2025

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Summary

Story summary

Canada plans to meet the North Atlantic Treaty Organization's (NATO) 2% of GDP defense target this fiscal year, five years ahead of schedule.
Prime Minister Mark Carney launched a Defence Investment Agency to speed defense procurement.
Canada will raise service members' pay, invest in submarines and drones, and aim for 5% of GDP by 2035.

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Story summary

Canada plans to meet the North Atlantic Treaty Organization's (NATO) 2% of GDP defense target this fiscal year, five years ahead of schedule.
Prime Minister Mark Carney launched a Defence Investment Agency to speed defense procurement.
Canada will raise service members' pay, invest in submarines and drones, and aim for 5% of GDP by 2035.