- 15:30Catalan economists favor negotiation over trade retaliation with the U.S.
- 14:45Stocks, Dollar Slip, Bonds Pummelled Again as Trade War Roils Markets
- 14:10Vietnam's response to U.S. tariffs: cracking down on China trade
- 13:50Sánchez stresses Spain’s positive foreign policy in China, advocating for balanced relations
- 13:16South Korean president Yoon's departure sparks political tensions
- 12:40Morocco and France Bruno Retailleau Expected in Rabat This Weekend
- 12:10Iran says it will give US talks about nuclear plans a 'genuine chance'
- 11:35Economic and social development in Casablanca-Settat through INDH projects
- 11:06US Supreme Court orders the return of wrongfully deported migrant
Follow us on Facebook
Canada on track to meet NATO defense spending target within two years
Canada is set to achieve NATO's defense spending target within the next two years, as confirmed by the Canadian Minister of Defense, Bill Blair. Member states of NATO have pledged to allocate a minimum of 2% of their annual Gross Domestic Product (GDP) to defense expenditures. However, Canada has consistently fallen short of this benchmark.
Minister Blair emphasized that the Canadian government is actively exploring strategies to boost defense investments. This commitment reflects Canada's intent to align more closely with NATO's financial expectations in the coming years.
In recent comments, a former U.S. president suggested that NATO countries should aim to dedicate up to 5% of their GDP to defense spending. Despite this ambitious proposition, Canada's defense expenditure in 2024 accounted for just 1.37% of its GDP, according to NATO data.
Canadian Prime Minister Justin Trudeau recently defended his administration's track record, noting that military spending has nearly tripled since his government assumed office in 2015. Trudeau also reiterated the government's commitment to collaborating with NATO partners to ensure Canada takes all necessary measures to uphold national and international security.
Comments (0)