Carney to announce Canada’s defence spending will hit 2% of GDP NATO target this fiscal year, sources say

Carney to announce Canada’s defence spending will hit 2% of GDP NATO target this fiscal year, sources say

A helicopter lands at an air strip for a supply drop to Canadian Rangers in Inuvik, NWT. NATO member countries have agreed they should spend the equivalent of 2 per cent of gross domestic product on defence, but Canada has been a persistent laggard.

Prime Minister Mark Carney is set to announce what his government is billing as the largest increase in defence spending since the Second World War, measures that sources say would enable Canada to meet NATO’s 2-per-cent military expenditure target this fiscal year, well ahead of any previously announced schedule.

Two senior government sources told The Globe and Mail that Mr. Carney will unveil a new security and defence investment pla