Prime Minister Mark Carney is committing that Canada – along with other NATO allies – will invest five per cent of GDP on defence by 2035, a pledge that will mean billions more in spending per year.
All 32 NATO members made the new commitment at the alliance’s annual leaders’ meeting in The Hague on Wednesday.
The five per cent will be broken down into two parts, with the first 3.5 per cent aimed at core defence needs including jets and weapons, and the remaining 1.5 per cent on defence-related investments including infrastructure.
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