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Prime Minister Mark Carney speaks during a press conference outside Rideau Hall, in Ottawa, May 13, 2025. REUTERS/Blair Gable/File Photo
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Prime Minister Mark Carney has announced Canada will massively increase military spending to meet NATO’s defence spending target of 2 percent of GDP by the end of the current fiscal year in March 2026.
“As the world grows more dangerous, Canada will ensure our country is protected from coast to coast to coast, while creating higher-paying jobs across the land,” Carney said at a press conference in Toronto on June 9.
