Venture Capital Visions
  • Business
  • Politics
  • World News
  • Stock
World News

Canada plans to hit NATO spending target early and reduce reliance on US defense, Carney says

by June 10, 2025
June 10, 2025

Canada will meet NATO’s military spending guideline by early next year and diversify defense spending away from the United States, Prime Minister Mark Carney said Monday, asserting that Washington no longer plays a predominant role on the world stage.

The announcement means Canada will achieve NATO’s spending target of 2% of gross domestic product five years earlier than previously planned.

“Our military infrastructure and equipment have aged, hindering our military preparedness,” Carney said. “Only one of our four submarines is seaworthy. Less than half of our maritime fleet and land vehicles are operational. More broadly, we are too reliant on the United States.”

According to NATO figures, Canada was estimated to be spending 1.45% of GDP on its military budget, below the 2% target that NATO countries have set for themselves. Canada previously said it was on track to meet NATO’s target by the end of the decade.

“Our goal is to protect Canadians, not to satisfy NATO accountants,” Carney said in a speech at the University of Toronto.

Canada is about to host US President Donald Trump and other leaders at a summit of the Group of Seven leading industrialized nations in Alberta on June 15-17, and before the NATO summit in Europe. NATO allies are poised to increase the commitment well beyond the 2% target.

NATO Secretary-General Mark Rutte said last week that most US allies at NATO endorse Trump’s demand that they invest 5% of gross domestic product on their defense needs and are ready to ramp up security spending even more.

“We are meeting 2%. And that is the NATO target as it is today,” Carney said at a later news conference. “We will need to spend more.” He said there will be discussions on the increased spending amount and its timeline at the NATO summit.

Carney has said he intends to diversify Canada’s procurement and enhance the country’s relationship with the EU.

“We should no longer send three-quarters of our defense capital spending to America,” Carney said in a speech at the University of Toronto. “We will invest in new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar, drones and sensors to monitor the seafloor and the Arctic.”

Canada has been in discussions with the European Union to join an EU drive to break its security dependency on the United States, with a focus on buying more defense equipment, including fighter jets, in Europe. Carney’s government is reviewing the purchase of U.S. F-35 fighter jets to see if there are other options.

“We stood shoulder to shoulder with the Americans throughout the Cold War and in the decades that followed, as the United States played a predominant role on the world stage. Today, that predominance is a thing of the past,” Carney said in French, one of Canada’s official languages.

He added that with the fall of the Berlin Wall in 1989, the United States became the global hegemon, noting that its strong gravitational pull became virtually irresistible and made the US “our closest ally and dominant trading partner.”

“Now the United States is beginning to monetize its hegemony: charging for access to its markets and reducing its relative contributions to our collective security,” Carney said.

Trump’s calls to make Canada the 51st US state have infuriated Canadians, and Carney won the job of prime minister after promising to confront the increased aggression shown by Trump.

The prime minister said “a new imperialism threatens.”

Carney said the long-held view that Canada’s geographic location will protect Canadians is increasingly archaic. The government is adding $9 billion Canadian (US$6.6 billion) in spending this year and Carney said the Canadian Coast Guard will be now be a part of the military.

European allies and Canada have already been investing heavily in their armed forces, as well as on weapons and ammunition, since Russia launched a full-scale invasion of Ukraine on Feb. 24, 2022.

This post appeared first on cnn.com
previous post
China to make all hospitals offer epidurals to incentivize childbirth
next post
Russia strikes Kyiv and Odesa with aerial attacks, at least two people wounded, officials say

You may also like

Multiple explosions reported in Colombian city of Cali

June 10, 2025

France says Palestinian Authority makes ‘unprecedented commitments’ to...

June 10, 2025

Europe heaps harsh sanctions on Russia, saying ‘strength...

June 10, 2025

UK, Canada and Western allies sanction two far-right...

June 10, 2025

Eight killed in Austria school shooting, interior ministry...

June 10, 2025

‘Day of the Jackal’ author Frederick Forsyth dies...

June 10, 2025

Greta Thunberg departs Israel on flight to Paris...

June 10, 2025

Indian coast guard battles massive fire on container...

June 10, 2025

World’s tallest monk? Victor Wembanyama spotted at China’s...

June 10, 2025

Teenage TikTok star’s murder leaves Pakistani women questioning...

June 10, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • E-Power Starts the 2025 Exploration Campaign at Tetepisca

      June 10, 2025
    • Multiple explosions reported in Colombian city of Cali

      June 10, 2025
    • France says Palestinian Authority makes ‘unprecedented commitments’ to reform ahead of conference on statehood

      June 10, 2025
    • Europe heaps harsh sanctions on Russia, saying ‘strength is the only language’ Moscow understands

      June 10, 2025
    • UK, Canada and Western allies sanction two far-right Israeli government ministers

      June 10, 2025
    • 1911 Gold Intersects up to 58.66 g/t Gold over 1.40 m on San Antonio West Zone at True North

      June 10, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: venturecapitalvisions.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 venturecapitalvisions.com | All Rights Reserved

    Venture Capital Visions
    • Business
    • Politics
    • World News
    • Stock