Canada will meet its NATO defence spending commitment for the first time in decades as it comes to grips with an alarming new world of threats, Prime Minister Mark Carney announced in Toronto Monday morning.

Carney said Ottawa will rapidly advance its military spending timeline to hit the NATO target of two per cent of national GDP by adding $9 billion in spending to the fiscal framework this year.

“Canada will achieve NATO’s two per cent target this year, half a decade ahead of schedule,” Carney said.

At the same time, he warned Canada depends too much on an increasingly unreliable United States for its defence and is spending too much of its rearmament budget south of the border.

“The United States is beginning to monetize its hegemony, charging for access to its markets and redu

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