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Carney stated that the upcoming defense investment plan, to be unveiled on June 9, will enable Canada to fulfill the NATO requirement of 2% of GDP for military expenditures by the fiscal year 2025, concluding next March, and subsequently exceed this percentage in the following years. The newspaper points out that this is five years early.
Carney voiced worries that Canada depends excessively on the US for its defense. Nevertheless, Carney mentioned that Washington has started to 'monetize its dominance' - imposing tariffs on Canadian goods, complicating access to the US market, and decreasing its involvement in collective security.
He remarked that outdated military equipment and infrastructure are diminishing Canada's combat effectiveness. Carney mentioned that only one out of four submarines is prepared to go to sea; fewer than half of Canada's Navy land combat vehicles are currently operational.
It was previously reported that 23 of the 32 NATO nations meet the alliance's mandate to allocate 2% of GDP for defense. NATO reported that Canada allocated 1.45% of its GDP to defense in 2024.
source: theglobeandmail.com
Carney voiced worries that Canada depends excessively on the US for its defense. Nevertheless, Carney mentioned that Washington has started to 'monetize its dominance' - imposing tariffs on Canadian goods, complicating access to the US market, and decreasing its involvement in collective security.
He remarked that outdated military equipment and infrastructure are diminishing Canada's combat effectiveness. Carney mentioned that only one out of four submarines is prepared to go to sea; fewer than half of Canada's Navy land combat vehicles are currently operational.
It was previously reported that 23 of the 32 NATO nations meet the alliance's mandate to allocate 2% of GDP for defense. NATO reported that Canada allocated 1.45% of its GDP to defense in 2024.
source: theglobeandmail.com
