The new spending comes as Prime Minister Mark Carney tries to reach a deal with the White House to lower or remove tariffs on Canadian goods
Canadian Prime Minister Mark Carney announced a large increase in defence spending to meet Nato’s target this financial year, saying it’s necessary in “a darker, more competitive world” where US dominance is receding.
“The long-held view that Canada’s geographic location will protect us is becoming increasingly archaic,” Carney said in a major foreign policy speech in Toronto. “We have been jolted awake by new threats to our security and sovereignty – including from emboldened Russia and an assertive China.”
Under President Donald Trump, “the United States is beginning to monetise its hegemony, charging for access to its markets and reducing its relative contributions to our collective security,” Carney said.
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