NATO leaders have agreed on a massive hike in defense spending after pressure from President Donald Trump, and expressed their “ironclad commitment” to come to each other’s aid if attacked.

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NATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.

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Recently re-elected Prime Minister Mark Carney announced the move on Monday, local time, vowing to increase Canada's defence spending from 1.4 per cent of GDP to 2 per cent this year.

OTTAWA (CTV Network) — Canada will boost defence spending by billions of dollars to meet NATO’s two per cent of GDP target this fiscal year, Prime Minister Mark Carney announced Monday.The ...

“Canada will achieve NATO’s two per cent target this year, half a decade ahead of schedule,” the prime minister said, promising to accelerate that timeline again within the next few years.

Allied nations are expected to adopt a plan at that meeting to hike the NATO member spending target to five per cent of national GDP — a level Canada has not reached since the 1950s.

Canada currently spends 1.37% of GDP on defence, far under the 2% required under the terms of NATO membership — a goal Canada has never achieved since its establishment in 2006.

OTTAWA — More than a decade after Canada agreed to hit NATO’s defence spending target of two per cent, Prime Minister Mark Carney announced $9 billion in additional spending to meet the ...