Tag: Defence Spending
What is NATO’s new 5% defence spending pledge, and how will Canada meet it? – National
Canada joined its NATO allies on Wednesday in agreeing to a new defence spending target of five per cent of GDP — but the details are more complicated. Members of the alliance will have until 2035 to reach the new spending goal, for one thing. And the five per cent is being split into two…
Carney to talk NATO defence spending hike as summit kicks off – National
Prime Minister Mark Carney begins a two-day stop Tuesday in the Netherlands, where NATO alliance members are prepared to decide whether to more than double the defense spending target. The main talks in The Hague won’t happen until Wednesday, with Carney first set to take part in several bilateral meetings. Carney will meet with the…
Spain rejects proposed defence spending hike ahead of NATO summit – National
The success of a key NATO summit hung in the balance on Friday, after Spain announced that it cannot raise the billions of dollars needed to meet a new defence investment pledge demanded by U.S. President Donald Trump. Trump and his NATO counterparts are meeting for two days in the Netherlands from next Tuesday. He…
Canada reviewing defence spending ‘top to bottom’ as NATO eyes 5%: minister – National
Ottawa is reviewing its defence spending plans “from top to bottom,” Defence Minister David McGuinty said Thursday, as Canada comes under pressure from allies to ramp up spending to levels not seen since the height of the Cold War. McGuinty said the federal government will have more to say “very soon” about its alliance spending…