NATO leaders — including Canada — have approved a plan to dramatically increase defence spending across the Western alliance to five per cent of gross domestic product over the next decade, a decision that has given U.

Today, the Prime Minister, Mark Carney, announced that Canada and its North Atlantic Treaty Organization (NATO) Allies have agreed to a new Defence Investment Pledge of investing 5 per cent of annual GDP by 2035 to ensure our individual and collective security. The commitment aligns with Canada’s own strategic defence and security goals.

Prime Minister Mark Carney said Canada can meet a steep expected increase in its North Atlantic Treaty Organization obligations spending partly by leaning on the country’s bounty of critical minerals.