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Canada Hits NATO 2% Military Spending Target, Eyes 5% by 2035

3/27/2026

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Story summary
  • Canada met NATO's 2% of GDP military spending target for the first time in decades, per NATO.
  • Prime Minister Mark Carney of Canada launched a significant military expansion.
  • Over 20% of military expenditures were allocated to new equipment.
  • Canada committed to achieving the NATO 5% by 2035 target amid pressure from U.S. President Donald Trump.