Canadian Prime Minister Mark Carney on Monday promised to boost defense spending enough to hit the North Atlantic Treaty Organization (NATO) target five years early.
The current NATO guideline calls for member nations to spend two percent of their Gross Domestic Product (GDP) on defense. During his first term, President Donald Trump criticized many NATO members for failing to meet this target.
As of last year, NATO said a record 23 out of its 32 members were spending two percent of GDP on defense – more than double the number of countries which complied in 2020. Germany, the Netherlands, Norway, and Turkey joined the club last year. Much of this spending increase was clearly driven by apprehension over Russia’s invasion of Ukraine.
Canada
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