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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 ...

Carney said Canada will rapidly advance its military spending timeline to hit the NATO target of two per cent of national GDP. “Canada will achieve NATO’s two per cent target this year, half a ...

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 ...